The import of plastics waste or scrap to Nigeria is forecasted to decline from 13.549 million US dollars in 2024 to 12.473 million US dollars in 2028. This reflects a decreasing trend over the forecasted period. In 2023, the value stood at 13.829 million US dollars. Year-on-year, the value decreases by the following percentages: 2.04% from 2024 to 2025, 2.05% from 2025 to 2026, 2.04% from 2026 to 2027, and 2.05% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the five-year period indicates an average yearly decline of approximately 2.05%.
Future trends to watch for include potential policy changes aimed at reducing plastic waste, advancements in recycling technologies, and shifts in global trade dynamics which could impact Nigeria's import patterns of plastic waste or scrap.
