The forecast import of concentrated or sweetened milk and cream to Nigeria shows a declining trend from 2024 to 2028. The values are projected to decrease from 216.76 million USD in 2024 to 128.92 million USD in 2028. This represents a year-on-year decrease with the most significant drops occurring in successive years.

The year-on-year variation percentages reflect this downward trend, indicating a consistent reduction in import value. In comparison to the previous years, the CAGR over the last five years demonstrates an average annual decrease in imports.

Trends to Watch For:

The continued decrease in import values which may be due to increased local production or shifts in consumer preferences.
Potential impact of economic policies or trade agreements on import volumes and values.
Future fluctuations in global milk and cream prices which could affect import decisions.