The import of plastic office and school articles and supplies to Nigeria has shown a significant decline over the past decade. Starting from a value of 3.1901 million USD in 2013, imports decreased sharply over the years, registering notable declines in 2014 and 2016 with year-on-year reductions of 33.55% and 46.85%, respectively. By 2023, the value stood at 0.78371 million USD. Over the last two years, the year-on-year variation witnessed a decline of 11.04% in 2023. The compound annual growth rate (CAGR) over the last five years is -14.11%.
Looking ahead, the forecasted data through 2028 indicates a continued downward trend with a projected CAGR of -16.53% from 2024 to 2028, resulting in a 59.49% reduction over these five years. By 2028, the import value is expected to be around 0.27281 million USD.
Future trends to watch for include potential shifts in local production capacity, changes in trade policies, and the impact of global supply chain dynamics. Monitoring these factors will be crucial for anticipating changes in the import landscape.
