The forecasted data for the import of eye make-up preparations to Nigeria show a clear declining trend from 2024 to 2028. In 2023, the import value stood higher compared to the forecasted figures for the following years.
Year-on-year variations indicate a consistent decrease:
- Between 2024 and 2025, the import value decreases by approximately 5.7%.
- From 2025 to 2026, there is a further decline of around 5.9%.
- The import value drops by approximately 6.2% from 2026 to 2027.
- Between 2027 and 2028, the decrease is around 6.5%.
Over the five-year period, from 2024 to 2028, the Compound Annual Growth Rate (CAGR) reflects an average annual decline of around 6.1%, demonstrating a continuous downward trend.
Future trends to watch for include the potential impact of economic policies on import activities, shifts in consumer preferences towards locally produced alternatives, and any significant changes in international trade relations that could further influence the import levels of eye make-up preparations.