Year-on-Year Variations:
- 2025: -10.04% (from 2024)
- 2026: -10.92% (from 2025)
- 2027: -11.99% (from 2026)
- 2028: -13.35% (from 2027)
Compound Annual Growth Rate (CAGR):
The average annual variation from 2024 to 2028 is -11.70%.
Future Trends to Watch:
The consistent decline in the imports of parts for electric motors and generators to Nigeria suggests a potential shift towards local manufacturing or increased efficiency in the use of these parts. It is vital to monitor government policies, technological advancements, and investments in the local industry which could further impact import values.
