The forecast for the import of plastic bathroom wares to Nigeria shows a consistent annual decline over the coming years. In 2023, the value stood at 1,022.26 thousand US dollars. From 2024 to 2028, the values are 958.48, 895.64, 834.07, 773.72, and 714.58 thousand US dollars respectively. This indicates a year-on-year percentage decrease of approximately 6.54% between 2024 and 2025, 6.87% between 2025 and 2026, 7.23% between 2026 and 2027, and 7.64% between 2027 and 2028. The CAGR over the last five years is approximately -7.33%.
Future trends to watch for include changes in local manufacturing capabilities, government policies on imports, and shifts in consumer preferences towards sustainable and locally produced goods. Additionally, fluctuations in global oil prices and currency exchange rates could impact import costs and demand.
