In 2023, Nigeria's import of moulds for glass stood at 3.495 million US dollars. The forecasted data from 2024 to 2028 shows a steady increase in imports, starting at 3.5512 million US dollars in 2024 and rising to 3.775 million US dollars by 2028. The year-on-year variation is positive, with an average annual growth rate (CAGR) of approximately 1.5% over the five-year period.
Key observations:
- Year-on-year growth from 2023 to 2024 is approximately 1.6%.
- In 2025, imports are expected to grow by around 1.6% from the previous year.
- Further growth at a similar rate is projected for the subsequent years until 2028.
Future trends to watch for:
- Emerging market demands for speciality glass products.
- Advancements in glass manufacturing technology affecting import needs.
- Global economic factors influencing the cost of mould imports.
