The import of waste and scrap of paper and paperboard to Nigeria in 2023 stood at 14.391 million US Dollars. Looking at the forecasted data for the coming years, it is expected to reach 14.935 million USD in 2024, representing a year-on-year increase of about 3.78%. The trend continues with 15.541 million USD in 2025, 16.135 million USD in 2026, 16.717 million USD in 2027, and 17.288 million USD in 2028, showing consistent annual growth. The Compound Annual Growth Rate (CAGR) over the forecasted period from 2024 to 2028 is approximately 3.85%.
Future trends to watch for include:
- Potential changes in global recycling policies that may affect import volumes.
- The impact of local demand for recycled materials and the development of domestic recycling industries.
- Economic factors influencing the cost and volume of imports, including currency fluctuations and trade agreements.
