The import of fresh apples to Nigeria has seen fluctuations over the past decade, peaking in 2014 before experiencing a slight decline. In 2023, the value stood at approximately $45.86 million. Year-on-year, there was a 3.71% increase from 2022 to 2023. The Compound Annual Growth Rate (CAGR) over the last five years was 5.57%. Forecasted data suggests a continuous upward trend, with a CAGR of 2.69% from 2024 to 2028, culminating in a 14.2% increase over this period, reaching $54.42 million in 2028.
Future trends to watch for include potential economic impacts, changes in agricultural policies, and shifts in consumer preferences towards locally grown produce or alternative fruits. Monitoring global apple production and trade dynamics will also be crucial.
