Nigeria - Densified Wood - Market Analysis, Forecast, Size, Trends And Insights
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View PricingDensified Wood Price in Nigeria - 2022
Contents:
- Densified Wood Price in Nigeria (CIF) - 2022
- Densified Wood Price in Nigeria (FOB) - 2022
- Densified Wood Imports in Nigeria
- Densified Wood Exports in Nigeria
Densified Wood Price in Nigeria (CIF) - 2022
In 2022, the average densified wood import price amounted to $1,281 per ton, with a decrease of -2.3% against the previous year. Over the period under review, the import price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2019 an increase of 39%. The import price peaked at $2,643 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($3,123 per ton), while the price for the United Arab Emirates ($459 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Densified Wood Price in Nigeria (FOB) - 2022
In 2022, the average densified wood export price amounted to $529 per ton, declining by -5.9% against the previous year. In general, the export price recorded a perceptible contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 94% against the previous year. The export price peaked at $1,141 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($4,533 per ton), while the average price for exports to Brazil ($42 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+29.5%), while the prices for the other major destinations experienced mixed trend patterns.
Densified Wood Imports in Nigeria
Densified wood imports into Nigeria dropped remarkably to 30 tons in 2022, declining by -20% on the previous year's figure. In general, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by 94% against the previous year. As a result, imports attained the peak of 37 tons, and then contracted markedly in the following year.
In value terms, densified wood imports fell sharply to $38K in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +5.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 78% against the previous year. As a result, imports attained the peak of $49K, and then dropped markedly in the following year.
| Import of Densified Wood in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.0 | 3.8 | 10.5 | 7.3 | 94.0% |
| United States | 5.3 | 4.1 | 7.5 | 7.2 | 10.8% |
| United Kingdom | 0.8 | 5.1 | 7.8 | 6.4 | 100.0% |
| Germany | 7.0 | 4.5 | 6.5 | 5.1 | -10.0% |
| Italy | 5.1 | 3.4 | 5.0 | 4.2 | -6.3% |
| Turkey | 4.7 | 1.3 | 1.4 | 2.2 | -22.4% |
| South Africa | 1.1 | 0.9 | 1.6 | 1.6 | 13.3% |
| Lebanon | 2.7 | 1.6 | 2.0 | 1.4 | -19.7% |
| United Arab Emirates | 1.5 | 0.8 | 1.5 | 1.3 | -4.7% |
| Spain | 2.2 | 1.2 | 1.4 | 0.9 | -25.8% |
| Egypt | N/A | N/A | 1.4 | N/A | 0% |
| Others | 0.9 | 0.9 | 2.0 | 0.5 | -17.8% |
| Total | 32.4 | 27.4 | 48.7 | 38.0 | 5.5% |
Top Suppliers of Densified Wood to Nigeria in 2022:
- Germany (7.6 tons)
- United States (5.3 tons)
- China (4.8 tons)
- United Arab Emirates (2.7 tons)
- Italy (2.5 tons)
- United Kingdom (2.4 tons)
- Turkey (1.9 tons)
- South Africa (1.1 tons)
- Lebanon (1.0 tons)
- Spain (0.3 tons)
Densified Wood Exports in Nigeria
In 2022, exports of densified wood from Nigeria amounted to 81 tons, picking up by 12% against the year before. Over the period under review, exports, however, recorded a abrupt contraction.
In value terms, densified wood exports rose rapidly to $43K in 2022. In general, exports, however, recorded a dramatic decline.
| Export of Densified Wood in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 55.4 | 27.0 | 24.0 | 24.3 | -24.0% |
| Vietnam | 17.8 | 10.1 | 10.5 | 12.5 | -11.1% |
| Bangladesh | 6.4 | 2.8 | 2.3 | 2.1 | -31.0% |
| China | 4.8 | 2.2 | 1.9 | 1.8 | -27.9% |
| United Arab Emirates | 3.0 | 1.2 | 0.8 | 0.6 | -41.5% |
| Togo | N/A | N/A | N/A | 0.2 | 0% |
| Brazil | 0.3 | 0.1 | 0.1 | 0.1 | -30.7% |
| Italy | 0.4 | 0.1 | 0.1 | 0.1 | -37.0% |
| Others | 3.0 | 1.3 | 1.0 | 1.0 | -30.7% |
| Total | 91.0 | 44.8 | 40.6 | 42.7 | -22.3% |
Top Export Markets for Densified Wood from Nigeria in 2022:
- China (33.1 tons)
- Vietnam (18.2 tons)
- United Arab Emirates (6.5 tons)
- Bangladesh (6.4 tons)
- India (5.4 tons)
- Togo (2.5 tons)
- Brazil (1.7 tons)
- Italy (1.3 tons)
This report provides an in-depth analysis of the densified 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 16212200 - Densified wood, in blocks, plates, strips or profile shapes
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
-
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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In value terms, densified wood in blocks, plates and strips imports amounted to $X in 2016. In general, densified wood in blocks, plates and strips imports continue to indicate a slight reduction. ...
746
In value terms, densified wood in blocks, plates and strips exports totaled $X in 2016. Overall, densified wood in blocks, plates and strips exports continue to indicate a relatively flat trend pat...
908
In value terms, densified wood in blocks, plates and strips imports amounted to $X in 2016. In general, densified wood in blocks, plates and strips imports continue to indicate a slight reduction. ...
746
In value terms, densified wood in blocks, plates and strips exports totaled $X in 2016. Overall, densified wood in blocks, plates and strips exports continue to indicate a relatively flat trend pat...
