In 2023, the import of prepared additives for cements, mortars, or concretes to Nigeria stood at approximately 5.57 million kilograms. Forecasts for the subsequent years indicate a slight decline, with values predicted to be 5.5016 million kg in 2024, 5.4361 million kg in 2025, 5.3718 million kg in 2026, 5.3088 million kg in 2027, and 5.2471 million kg in 2028. The year-on-year percentage variation reveals a consistent decline: -1.19% from 2024 to 2025, -1.18% from 2025 to 2026, -1.18% from 2026 to 2027, and -1.16% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the next five years is estimated at -0.93%, indicating a steady decrease.
Future trends to watch for include potential policy changes in Nigeria's construction sector, the impact of local production capacities on import dependency, and technological advancements in construction materials that may alter demand dynamics for prepared additives in cements, mortars, or concretes. Additionally, monitoring global market shifts and their influence on import costs will be crucial.
