The import of Essential Oils, Resinoids, and Terpenic By-Products to Nigeria was valued at approximately 4.1351 million USD in 2024. Forecasted data shows a year-on-year decline, with values decreasing to 4.0262 million USD in 2025, 3.9195 million USD in 2026, 3.8149 million USD in 2027, and 3.7125 million USD in 2028.
Year-on-Year Variations:
- 2024 vs. 2023
- 2025 vs. 2024
- 2026 vs. 2025
- 2027 vs. 2026
- 2028 vs. 2027
The forecast indicates a consistent downward trend with a CAGR showing an average yearly decline over the next five years.
Future trends to watch for include potential shifts in international trade policies, changes in domestic demands, the impact of economic fluctuations, and the development of local production capabilities within Nigeria.
