The sugar cane yield in Nigeria has demonstrated a gradual decline from 2013 to the present, with an average annual reduction. As of 2023, the yield stands at 154.06 thousand hectograms per hectare. Over the previous two years, the yield decreased from 159.86 thousand hectograms per hectare in 2021, with a year-on-year drop of 1.83% each year. Over the last five years leading up to 2023, the compound annual growth rate (CAGR) was -1.78%.
Looking ahead, the forecast for sugar cane yield shows a continuation of this downward trend with an expected further decrease to 139.08 thousand hectograms per hectare by 2028. The five-year forecast CAGR is -1.62%, translating to a total decline of 7.84% over this period.
Future trends to watch for include:
- Potential impact of climate change on agricultural productivity.
- Introduction of new farming technologies or crop varieties that might mitigate yield decline.
- Government policies and their effectiveness in supporting the agricultural sector.
- Market demand fluctuations and their influence on farming practices.
