Based on the forecast data for the import of Petroleum Resins, Polyterpenes, and Polysulfides to Nigeria from 2024 to 2028, we observe a consistent upward trend in import values. For 2023, the value stood at 4.5 million USD. The projected yearly increments ranging from roughly 4% to 5% indicate a healthy demand growth for these materials in Nigeria. Specifically, the year-on-year percentage variations between 2025 and 2024 is 4.2%, between 2026 and 2025 is 3.95%, between 2027 and 2026 is 3.72%, and between 2028 and 2027 is 3.52%. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is estimated at approximately 3.85%.
Future trends to watch for include the potential impact of infrastructure development and industrial expansion in Nigeria on the import market for these chemicals. Additionally, global market conditions and oil price fluctuations could influence the costs and demand patterns for these specialized imports.
