The import of acyclic hydrocarbons to Nigeria is forecasted to decline steadily from 2024 to 2028. Compared to the previous years, in 2023, the import value stood at 3.0172 million USD. The year-on-year variations indicate a significant decrease: -10.30% from 2024 to 2025, -11.23% from 2025 to 2026, -12.42% from 2026 to 2027, and -13.88% from 2027 to 2028. Over the five-year period, the compound annual growth rate (CAGR) demonstrates an average decline of 10.98% per year.
Future trends to watch for include potential changes in trade policies, shifts in domestic production capacity, and global market fluctuations that might impact the overall import of acyclic hydrocarbons to Nigeria. Monitoring these factors will be crucial to understanding and anticipating further changes in this market.
