Forecast: Import of Metal Mountings, Fittings for Buildings to Nigeria

In 2023, the import of metal mountings and fittings for buildings to Nigeria stood at 1.89 million kilograms. The forecast for 2024 indicates a slight decrease to 1.804 million kilograms, marking a year-on-year decrease of 4.5%. This downward trend continues steadily: 1.7182 million kilograms in 2025 (-4.8%), 1.6342 million kilograms in 2026 (-4.9%), 1.5519 million kilograms in 2027 (-5.0%), and 1.4711 million kilograms in 2028 (-5.2%). The compound annual growth rate (CAGR) over the last five years, from 2023 to 2028, averages at -4.9% per year.

Future trends to watch for:

• Potential impact of local manufacturing policies on import volumes.
• Fluctuations in global metal prices affecting import costs.
• Infrastructure development projects that could increase demand.
• Any shifts in trade regulations or international trade relations.