Key Market Indicators
Nigeria's imports of aluminium are expected to decrease 14.5% year on year on average over the next five years, reaching $70 million by 2026. This is a sharp drop from the $170 million imported in 2021. The demand for aluminium in Nigeria has been decreasing since 2001, with an average yearly drop of 9.5%. Exports of aluminium from Nigeria are projected to drop 5.4% year on year on average over the next five years, reaching $43 million by 2026. This is a decrease from the 2021 export figure of $60 million. However, since 2001, Nigeria's aluminium supply has been increasing, with an average yearly increase of 13.7%.
