The importation of seeders, planters, and transplanters to Nigeria has shown significant volatility but an overall upward trend from 2013 to 2023. The year-on-year variation has fluctuated substantially, with notable increases occurring in 2014 (55.52%) and a major spike in 2017 (416.1%). The value stood at USD 17.745 million in 2023, marking a 6.11% increase from the previous year. Despite intermittent declines, the Compound Annual Growth Rate (CAGR) over the last five years stands at 2.26%.
Future trends indicate a steady increase in imports, with forecasted values reaching USD 22.571 million by 2028. The forecasted five-year CAGR is 3.79%, implying a moderate but consistent growth rate over the next period, underscoring a sustained demand in Nigeria's agricultural sector.
