Forecast: Import of Furniture, Lighting, Signs and Prefabricated Buildings to Nigeria

Year-on-year variations in import values:

  • 2025: -18.23%
  • 2026: -21.77%
  • 2027: -27.34%
  • 2028: -36.89%
The Compound Annual Growth Rate (CAGR) over the forecast period (2024-2028) is -27.97%, indicating a substantial decline in imports year-on-year.

Future Trends to Watch

Factors such as economic instability, currency depreciation, and stringent import regulations are likely to continue affecting the import of these goods negatively. Monitoring local production capabilities could also provide insights, as Nigeria may shift toward domestic manufacturing to meet demand.