The forecast for the import of non-refractory mortars and concretes to Nigeria indicates a downward trend from 2024 to 2028, with the value expected to decline from 680.25 thousand USD in 2024 to 626.45 thousand USD by 2028. This represents a consistent year-on-year decrease, with the annual drops approximately amounting to a -2% rate. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is around -2% as well.
Future trends to watch for include potential changes in domestic production capabilities, shifts in construction sector demand, and economic factors affecting import capacity. Additionally, changes in policy or trade agreements could also play a significant role in future import volumes.
