The import of tractors to Niger has shown significant variation over the past decade. After a peak in 2014 with an astoundingly high year-on-year increase of around 394%, there was a marked decrease in the subsequent years, leading to a substantial decline. By 2023, the value of imports stood at 8.6529 million USD, exhibiting a slight year-on-year decrease of about 1.29%. The last five years have observed a compounded annual growth rate (CAGR) of -1.31%, indicating a moderate, consistent downward trend in tractor imports.
Future trends to watch for include:
- A continued slow decline in imports as forecasted with a -1.12% CAGR over the next five years, reaching an estimated 8.0609 million USD by 2028.
- Potential impacts of agricultural policies, economic conditions, and advancements in local tractor manufacturing or import diversification.
- External factors such as global market fluctuations, trade policies, and currency exchange rates influencing import volumes and values.