Based on the provided data, here is the year-on-year variation in percentage and the Compound Annual Growth Rate (CAGR):
- 2024-2025: ((214.27 - 213.78) / 213.78) * 100 = 0.23%
- 2025-2026: ((214.75 - 214.27) / 214.27) * 100 = 0.22%
- 2026-2027: ((215.23 - 214.75) / 214.75) * 100 = 0.22%
- 2027-2028: ((215.69 - 215.23) / 215.23) * 100 = 0.21%
Last 2 years average variation: (0.22% + 0.21%) / 2 = 0.215%
Last 5 years CAGR: (((215.69 / 213.78)^(1/5)) - 1) * 100 = 0.18%
Future trends to watch include the global prices of raw materials influencing these imports and potential shifts in Nigeria's manufacturing and export policies impacting demand. Close monitoring of market conditions and policy changes will be essential for accurate forecasting.
