The data on the import of prefabricated buildings to Niger reveals a volatile pattern over the past decade, with a peak in 2014 at $12.18 million, followed by an overall downtrend. By 2023, the import value stood at $4.6151 million, marking a significant decline from earlier highs. Notably, the year-on-year variation over the last two years showed a gradual decrease, -5.48% in 2023 and -0.31% in 2022. The 5-year compound annual growth rate (CAGR) for the period ending in 2023 was -5.14%, suggesting a steady annual reduction.
Forecasted data indicates a continued decline, with a 5-year CAGR projected at -5.74% by 2028, amounting to a 25.58% total reduction over this period. Future trends to watch for include potential economic policies in Niger impacting import tariffs or promoting local construction, and global supply chain fluctuations that could alter import dynamics.
