The forecasted data for the import of nickel wire to Nigeria shows a steady increase from 2024 to 2028, with values expressed in thousand kilograms. In 2024, the import value stands at 35.76 thousand kilograms and is projected to grow to 44.19 thousand kilograms by 2028. Given these projections, the year-on-year percentage variations are as follows: 6.07% for 2025, 5.60% for 2026, 5.21% for 2027, and 4.84% for 2028, indicating a consistent upward trend. The Compound Annual Growth Rate (CAGR) over the five-year period is approximately 5.42%.
Looking ahead, several factors could influence the import of nickel wire to Nigeria. Watch for trends in the global demand for nickel due to technological advancements, fluctuations in international nickel prices, potential changes in trade policies, and Nigeria’s industrial growth which might impact the volume and value of imports.
