The import of frozen fish fillets to Nigeria is forecasted to decline over the period 2024 to 2028. In 2023, the value stood at $130.0K. Looking at the year-on-year variations: 2024 shows a decrease of 0.96%, 2025 drops by 1.01%, 2026 falls by 1.01%, followed by 2027 decreasing by 0.99%, and 2028 showing a decline of 0.98%. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 indicates an average annual decrease of around 1%.
Future trends to watch for include potential changes in Nigeria’s domestic fish production and consumption, global fish supply chains, and possible shifts in trade policies or tariffs that could impact fish import volumes and values. Keeping an eye on the local economic conditions and aquaculture developments will also be essential for understanding future dynamics.
