In 2023, the apples market size in Nigeria stood at 51.0 thousand metric tons. The forecasted data for 2024 to 2028 indicates a steady growth in market volume, starting at 53.52 thousand metric tons in 2024 and rising to 63.52 thousand metric tons by 2028. This reflects a year-on-year percentage variation as follows:
- 2024: 4.9%
- 2025: 4.8%
- 2026: 4.5%
- 2027: 4.2%
- 2028: 4.0%
The Compound Annual Growth Rate (CAGR) for the period from 2023 to 2028 is 4.4%, indicating a robust upward trend.
Future trends to watch for include changes in consumer preferences, the impact of climatic conditions on apple production, and any potential shifts in import-export policies affecting the availability and price of apples in Nigeria.
