Nigeria’s Annual Sugar Production, Importation & Consumption

YearConsumption (Tons)Production (Tons)Importation (Tons)Average Unit Price ($)/MTImportation Cost ($)Per Capita Consumption (Kg-Raw value)
1990645,24841,478603,770440265,658,800n/a
1991773,46344,893728,570290211,285,300n/a
1992598,98632,420566,566280158,638,480n/a
1993405,59028,576377,014300113,104,2005.9
1994360,06022,814337,246340114,663,6405.5
1995358,03820,000338,038410138,595,5804.5
1996525,98512,104513,882370190,136,3405.2
1997552,57315,805535,768320171,445,7605.5
1998773,2649,850763,414310236,658,3407.4
1999781,78210,000771,782240185,227,6806
2000771,89036,000735,890270198,690,3006.6
20011,209,48001,209,480260314,464,8008.2
20021,009,16501,009,165260262,282,90010.8
2003988,4410988,441260256,994,6608.3
2004865,0000865,000265229,225,0009.1
20051,301,49401,301,494216281,116,7779.2
20061,176,69850,0001,126,698175197,172,1509
20071,258,99655,0001,203,996260313,038,9609.3
20081,393,66835,0001,358,668241327,438,98811.2
20091,220,08039,0001,220,041324395,293,2848.7
2010985,67530,000955,675505482,615,8757.1
20111,109,4105,0001,104,410595657,123,9507.6
20121,104,9806,8431,098,137471517,222,5276.6
20131,379,3495,0111,374,338377.65518,950,028.808.1
20141,445,81612,3451,433,471441.39632,719,764.698.6
20151,498,21213,4881,484,724372.15552,540,036.608.7
20161,584,72425,0001,559,573330.96516,156,280.089.1
20171,306,91320,1841,286,729357459,362,253.007.6
20181,231,02814,9181,216,110277.37337,312,430.706.8
20191,401,89138,5971,363,294280.42382,294,903.487.6
20201,531,471N/A1,531,471283433,406,293.007.7
20211,603,83135,6651,568,166405635,107,230.007.8
20221,721,12846,4791,675,649541906,526,109.008.4
20231,442,09730,0531,412,044657927,712,908.007.1
2024*

NB:  2024* ; Compilation of 2024 data is on-going.

Consumption is taken as simple addition of yearly production and importation, although there are ending stocks that are not captured

Market Data

Nigeria’s sugar market presents a compelling investment case based on strong local demand, limited domestic supply, and supportive policy environment.

1.8 million MT

Annual sugar consumption in Nigeria

+3.5% CAGR

35,000 MT

Avg annual sugar
production

< 3% of consumption

$2 billion

Nigerian
Market size

Sugar only

$7 billion

African
Market size

Sugar only

Beyond Sugar

Sugarcane processing yields much more than sugar.

Expanded By-Product Market is worth

10

These opportunities in high-value by-products and derivatives include biofuels, polymers, bio-plastics, animal feeds and electricity

Ready to Explore
Investment Opportunities?

Contact the Nigeria Sugar Development Council to discuss how you can participate in the transformation of Nigeria’s sugar industry.

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