Report Update: May 1, 2024

Nigeria - Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) - Market Analysis, Forecast, Size, Trends And Insights

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Price for Board of Bagasse, Bamboo or Other Particles in Nigeria - 2022

Price for Board of Bagasse, Bamboo or Other Particles in Nigeria (CIF) - 2022

In 2022, the average import price for particle board and similar board of ligneous materials (excluding wood) amounted to $631 per cubic meter, with an increase of 56% against the previous year. In general, the import price enjoyed a perceptible increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($626 per cubic meter), while the price for Thailand totaled $557 per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Board of Bagasse, Bamboo or Other Particles in Nigeria (FOB) - 2022

In 2022, the average export price for particle board and similar board of ligneous materials (excluding wood) amounted to $270 per cubic meter, reducing by -9.3% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 45%. Over the period under review, the average export prices reached the peak figure at $496 per cubic meter in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Benin ($318 per cubic meter), while the average price for exports to Niger ($92 per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+7.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Board of Bagasse, Bamboo or Other Particles in Nigeria

Imports of particle board and similar board of ligneous materials (excluding wood) into Nigeria declined notably to 500 cubic meters in 2022, dropping by -89.1% on the previous year. Overall, imports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 810%. As a result, imports reached the peak of 4.6K cubic meters, and then fell notably in the following year.

In value terms, imports of particle board and similar board of ligneous materials (excluding wood) contracted significantly to $316K in 2022. Over the period under review, imports saw a sharp decline. The most prominent rate of growth was recorded in 2021 with an increase of 919%. As a result, imports attained the peak of $1.9M, and then plummeted in the following year.

Import of Board of Bagasse, Bamboo or Other Particles in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	215	18.2	754	228	2.0%
Thailand	28.7	8.3	45.7	73.0	36.5%
Austria	99.3	37.9	282	N/A	68.5%
Romania	167	57.5	386	N/A	52.0%
South Africa	77.1	29.3	218	N/A	68.2%
Israel	6.6	1.8	9.9	N/A	22.5%
Others	106	29.1	161	15.0	-47.9%
Total	700	182	1,856	316	-23.3%

Top Suppliers of Board of Bagasse, Bamboo or Other Particles to Nigeria in 2022:

China (364.0 cubic meters)
Thailand (131.0 cubic meters)

Exports of Board of Bagasse, Bamboo or Other Particles in Nigeria

In 2022, approx. 60 cubic meters of particle board and similar board of ligneous materials (excluding wood) were exported from Nigeria; waning by -60.8% against the previous year. Over the period under review, exports faced a sharp shrinkage. The exports peaked at 1K cubic meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of particle board and similar board of ligneous materials (excluding wood) fell remarkably to $16K in 2022. In general, exports showed a sharp slump. The smallest decline of -64.4% was in 2021. Over the period under review, the exports of reached the peak figure at $360K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Board of Bagasse, Bamboo or Other Particles in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	288	72.6	18.3	1.2	-83.9%
Benin	60.2	2.9	6.6	0.6	-78.5%
Niger	12.3	6.9	2.2	0.2	-74.7%
Gambia	N/A	16.5	N/A	N/A	0%
Others	N/A	29.3	18.5	14.2	-30.4%
Total	360	128	45.6	16.2	-64.4%

Top Export Markets for Board of Bagasse, Bamboo or Other Particles from Nigeria in 2022:

China (5.0 cubic meters)
Niger (2.0 cubic meters)
Benin (2.0 cubic meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for board of bagasse, bamboo or other particles 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 16211350 - Particle board and similar board of ligneous materials (excluding wood)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023