Nigeria - Non-Coniferous Wood In Chips Or Particles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChipped Non-Coniferous Wood Price in Nigeria - 2022
Contents:
- Chipped Non-Coniferous Wood Price in Nigeria (FOB) - 2022
- Chipped Non-Coniferous Wood Price in Nigeria (CIF) - 2022
- Chipped Non-Coniferous Wood Exports in Nigeria
- Chipped Non-Coniferous Wood Imports in Nigeria
Chipped Non-Coniferous Wood Price in Nigeria (FOB) - 2022
The average chipped non-coniferous wood export price stood at $516 per cubic meter in 2022, growing by 27% against the previous year. Overall, the export price posted a significant increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 142% against the previous year. The export price peaked at $622 per cubic meter in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($536 per cubic meter), while the average price for exports to the UK amounted to $276 per cubic meter.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+87.5%).
Chipped Non-Coniferous Wood Price in Nigeria (CIF) - 2022
The average chipped non-coniferous wood import price stood at $766 per cubic meter in 2022, shrinking by -46.3% against the previous year. In general, the import price, however, continues to indicate significant growth. The most prominent rate of growth was recorded in 2018 an increase of 193% against the previous year. The import price peaked at $1,425 per cubic meter in 2021, and then dropped notably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,506 per cubic meter), while the price for South Africa stood at $51 per cubic meter.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+55.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Chipped Non-Coniferous Wood Exports in Nigeria
In 2022, shipments abroad of non-coniferous wood in chips or particles was finally on the rise to reach 77 cubic meters after two years of decline. Over the period under review, exports, however, recorded a abrupt setback. The exports peaked at 112 cubic meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, chipped non-coniferous wood exports soared to $40K in 2022. In general, exports, however, continue to indicate a deep setback. The exports peaked at $69K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Chipped Non-Coniferous Wood in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 52.7 | 44.9 | 26.9 | 38.0 | -10.3% |
| United Kingdom | 16.8 | 6.5 | 1.0 | 1.1 | -59.7% |
| Others | N/A | N/A | 0.2 | 0.6 | 200.0% |
| Total | 69.5 | 51.4 | 28.1 | 39.8 | -17.0% |
Top Export Markets for Chipped Non-Coniferous Wood from Nigeria in 2022:
- Italy (71.0 cubic meters)
- United Kingdom (4.0 cubic meters)
Chipped Non-Coniferous Wood Imports in Nigeria
In 2022, after two years of decline, there was significant growth in overseas purchases of non-coniferous wood in chips or particles, when their volume increased by 60% to 8 cubic meters. Over the period under review, imports, however, recorded a deep downturn. Imports peaked at 12 cubic meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, chipped non-coniferous wood imports shrank to $6.1K in 2022. In general, imports showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 64%. Over the period under review, imports attained the maximum at $7.1K in 2021, and then shrank in the following year.
| Import of Chipped Non-Coniferous Wood in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.0 | 4.2 | 7.1 | 3.0 | 0.0% |
| South Africa | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| China | N/A | N/A | N/A | N/A | 0% |
| Switzerland | N/A | N/A | N/A | N/A | 0% |
| United States | N/A | 0.2 | N/A | N/A | 0% |
| Others | N/A | 0.7 | N/A | 3.0 | 107.0% |
| Total | 3.1 | 5.1 | 7.1 | 6.1 | 25.3% |
Top Suppliers of Chipped Non-Coniferous Wood to Nigeria in 2022:
- South Africa (2.0 cubic meters)
- Germany (2.0 cubic meters)
This report provides an in-depth analysis of the chipped non-coniferous wood market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 16102305 - Non-coniferous wood in chips or particles
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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