The import of plastic doors and windows to Nigeria stood at 1.574 million USD in 2023. Data from 2024 to 2028 shows a consistent decline in import values, projecting a Compound Annual Growth Rate (CAGR) of -15% over the five-year period. In 2024, imports are forecasted to be 1.246 million USD, representing a year-on-year decrease of 20.8% from the 2023 figure. By 2025, the predicted value drops to 1.0588 million USD, reflecting a 15.0% reduction compared to 2024. Further, a decline of 17.3% is anticipated in 2026 with an import value of 0.87545 million USD, followed by a 20.5% decrease to 0.69574 million USD in 2027. By 2028, the value is expected to further drop by 25.3% to 0.51963 million USD.
Future trends to watch for include potential changes in domestic production capacities, shifts in consumer demand, fluctuations in global plastic prices, and trade policy adjustments. Monitoring these factors will provide insights into whether the decline in imports will continue or stabilize.
