| Year | Import Value (Thousand Kilograms) | Year-on-Year Variation (%) |
|---|---|---|
| 2024 | 420.21 | N/A |
| 2025 | 312.29 | -25.69% |
| 2026 | 206.53 | -33.86% |
| 2027 | 102.88 | -50.17% |
| 2028 | 1.31 | -98.73% |
The average Compound Annual Growth Rate (CAGR) over the 5-year period from 2024 to 2028 is -59.16%.
Future trends to watch include the implications of Nigeria's increasing focus on local production and sustainable alternatives, which are likely to reduce dependency on imported phenolic resins. Additionally, economic policies and market dynamics in the manufacturing sector can significantly affect import volumes in the upcoming years.
