The import of parts and accessories for radiation apparatus to Nigeria has seen significant fluctuations from 2013 to 2023. In 2023, the import value stood at 16.524 Million US Dollars. Year-on-year variations show considerable volatility with notable peaks and dips. For instance, a significant rise was observed in 2014 (126.1%) and 2018 (840.88%), while 2016 faced a notable decline (-70.04%). The most recent years had more stable, albeit modest, growth: 6.56% in 2022, and 6.03% in 2023. The compound annual growth rate (CAGR) over the past five years was 3.73%, indicating a relatively steady upward trend over the long term.
Looking ahead, the forecast indicates continued growth in imports, with values rising to 20.95 Million US Dollars by 2028. Key trends to watch for in the future include advancements in medical technology, shifts in healthcare policies, and potential changes in import regulations. These factors could significantly impact the volume and value of imports.
