According to the forecast data, the import value for artists, writing, and cosmetics brushes in Nigeria is expected to decline steadily from $46.94 thousand in 2024 to $21.49 thousand by 2028. The year-on-year percentage variations are as follows:
- 2025: -13.96%
- 2026: -15.88%
- 2027: -18.55%
- 2028: -22.34%
The compound annual growth rate (CAGR) over the 5-year forecasted period is approximately -17.65%, indicating a downward trend in the import values.
Future Trends to Watch
Considering the declining trend in imports, future trends to watch will include shifts in local manufacturing capacities, potential changes in consumer demand, economic conditions, and policies affecting import duties and local industry incentives. Monitoring these factors will be crucial for understanding the dynamics of the import market for artists, writing, and cosmetics brushes in Nigeria.
This HTML document provides a clear and concise analysis of the forecasted import values, year-on-year percentage variations, and anticipated future trends.