In 2023, Nigeria imported Petroleum Resins, Coumarone, Indene, and Polyterpenes valued at $4.012 million. Based on the forecast data from 2024 to 2028, Nigeria’s imports are expected to show consistent growth. The year-on-year variation from 2024 to 2025 is expected to be 5%, with subsequent annual increases averaging around 4.76%. The compound annual growth rate (CAGR) over the five-year period is projected to be approximately 4.75%.
Future trends to watch for include potential fluctuations in global petroleum prices, shifts in Nigeria’s industrial demand, and changes in trade policies that may impact import volumes. Monitoring the economic stability and industrial growth in Nigeria will be crucial in understanding the import patterns of these chemical substances.
