In 2023, apple demand in Nigeria stood at 50.02 thousand metric tons. Forecast data suggests a consistent upward trend from 2024 to 2028. The year-on-year percentage variations for 2024 to 2028 illustrate a steady growth: 4.16%, 4.39%, 4.13%, 3.91%, and 3.67% respectively. Over the last two years, the average annual growth was 4.11% indicating a robust market appetite. Over a five-year period, the Compound Annual Growth Rate (CAGR) is approximately 4.05%.
Future trends to watch for include potential shifts in consumer preferences, import policy changes, and the impact of local production capabilities. Monitoring global apple market trends and economic conditions in Nigeria will also be essential in predicting demand fluctuations.
