The cassava demand in Nigeria stood at 59.41 million metric tons in 2023. From 2014 to 2023, cassava demand exhibited variability with periods of growth and decline. Notable fluctuations occurred in 2017 with a -7.54% drop and in 2018 with a 7.98% rebound. The average annual variation over the last five years (CAGR) was approximately -0.021%. Looking forward, moderate growth is anticipated with a forecasted 5-year CAGR of 0.24%, resulting in a projected demand of 60.31 million metric tons by 2028, reflecting a 1.2% growth rate over this period.
Future trends to watch for include technological advancements in agriculture, which could boost productivity, government policies encouraging cassava production, and potential effects of climate change on crop yields. Additionally, increasing local and international demand for cassava-based products may drive future market dynamics.
