Based on the forecast for the import of organic chemicals to Nigeria from 2024 to 2028, the initial value in 2024 is 676.51 Million USD, gradually increasing to 697.34 Million USD by 2028. Comparing the year-on-year variations, the increase from 2024 to 2025 is approximately 0.79%, from 2025 to 2026 is 0.77%, from 2026 to 2027 is 0.75%, and from 2027 to 2028 is 0.73%. The compound annual growth rate (CAGR) over the five years is approximately 0.75%.
These figures indicate a steady growth trend in the import of organic chemicals into Nigeria. Future trends to watch for include potential changes in global organic chemical prices, Nigeria’s economic stability, and local industrial demand which could influence import levels. Additionally, changes in trade policies or the growth of local chemical manufacturing capacity could impact the forecasted import trends.
