The forecast data for the import of electronic integrated circuits and microassemblies to Nigeria from 2024 to 2028 shows a consistent decline. starting at $24.214 million in 2024 and decreasing to $16.591 million by 2028. Here are the year-on-year percentage variances:
- 2025: -8.11%
- 2026: -8.66%
- 2027: -9.31%
- 2028: -10.03%
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 shows a negative trend of -8.61% per year on average.
Future Trends to Watch
Monitoring advancements in local semiconductor manufacturing, supply chain disruptions, and economic policies will be crucial as Nigeria seeks to reduce its dependency on imports for electronic integrated circuits and microassemblies. Any changes in these areas could significantly alter the forecasted trend.
