For the period from 2024 to 2028, the forecasted data shows a consistent annual decrease in the import of pigments and preparations based on titanium dioxide in Nigeria:
- 2024: 7.7959 million kg
- 2025: 7.4747 million kg (-4.12% YoY)
- 2026: 7.1601 million kg (-4.21% YoY)
- 2027: 6.8517 million kg (-4.31% YoY)
- 2028: 6.5495 million kg (-4.42% YoY)
The Compound Annual Growth Rate (CAGR) over the five-year period is -3.28%.
Future Trends: Going forward, Nigeria may continue to see decreasing imports of titanium dioxide-based pigments as domestic production increases, alternative materials are adopted, or demand in relevant sectors slows down. Keeping an eye on domestic policies, technological advancements, and changes in industry demand will be crucial.
