Forecast: Import of Electric Generating Sets and Rotary Converters to Nigeria

Based on the data, the import values (in Million US Dollars) from 2024 to 2028 show a consistent downward trend:

  • 2024: 288.05
  • 2025: 275.7
  • 2026: 263.6
  • 2027: 251.74
  • 2028: 240.12

The year-on-year variation percentages are:

  • 2024 to 2025: -4.30%
  • 2025 to 2026: -4.38%
  • 2026 to 2027: -4.51%
  • 2027 to 2028: -4.62%

The Compound Annual Growth Rate (CAGR) over the last 5 years is approximately -4.45%.

Future trends to watch include the impact of local power generation initiatives, government policies on renewable energy, and market shifts towards sustainable and self-sufficient energy sources.

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