Nigeria - Coniferous Wood In The Rough - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Coniferous Wood in the Rough in Nigeria - 2021
Contents:
- Price for Coniferous Wood in the Rough in Nigeria (CIF) - 2022
- Price for Coniferous Wood in the Rough in Nigeria (FOB) - 2022
- Imports of Coniferous Wood in the Rough in Nigeria
- Exports of Coniferous Wood in the Rough in Nigeria
Price for Coniferous Wood in the Rough in Nigeria (CIF) - 2022
The average import price for coniferous wood in the rough stood at $388 per cubic meter in 2022, growing by 4.6% against the previous year. In general, the import price saw a prominent increase. The pace of growth was the most pronounced in 2018 an increase of 113% against the previous year. Over the period under review, average import prices reached the maximum at $442 per cubic meter in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($432 per cubic meter), while the price for the United States ($54 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+91.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Coniferous Wood in the Rough in Nigeria (FOB) - 2022
In 2022, the average export price for coniferous wood in the rough amounted to $149 per cubic meter, increasing by 26% against the previous year. Over the period under review, the export price recorded moderate growth. The most prominent rate of growth was recorded in 2017 an increase of 103%. The export price peaked at $281 per cubic meter in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($114 per cubic meter), while the average price for exports to India totaled $60 per cubic meter.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+16.2%).
Imports of Coniferous Wood in the Rough in Nigeria
In 2022, supplies from abroad of coniferous wood in the rough decreased by -8.7% to 168 cubic meters for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +9.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 20%. As a result, imports reached the peak of 184 cubic meters, and then declined in the following year.
In value terms, coniferous wood in the rough imports reduced modestly to $65K in 2022. The total import value increased at an average annual rate of +4.9% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 9.9%. Over the period under review, coniferous wood in rough imports hit record highs at $68K in 2021, and then fell slightly in the following year.
| Import of Coniferous Wood in the Rough in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 28.9 | 1.5 | 1.2 | 44.9 | 15.8% |
| United Arab Emirates | 27.7 | 1.0 | 0.2 | 20.3 | -9.8% |
| Madagascar | N/A | 58.7 | 66.2 | N/A | 12.8% |
| Others | N/A | 1.0 | 0.7 | N/A | -30.0% |
| Total | 56.6 | 62.2 | 68.3 | 65.3 | 4.9% |
Top Suppliers of Coniferous Wood in the Rough to Nigeria in 2022:
- China (104.0 cubic meters)
- United Arab Emirates (64.0 cubic meters)
Exports of Coniferous Wood in the Rough in Nigeria
In 2022, overseas shipments of coniferous wood in the rough decreased by -7.4% to 340 cubic meters for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +9.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 21%. Over the period under review, the coniferous wood in rough exports reached the maximum at 367 cubic meters in 2021, and then reduced in the following year.
In value terms, coniferous wood in the rough exports skyrocketed to $51K in 2022. In general, exports saw a deep setback. The exports peaked at $73K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Coniferous Wood in the Rough in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 39.8 | 27.5 | 12.5 | 25.1 | -14.2% |
| India | 10.6 | 8.2 | 4.1 | 7.2 | -12.1% |
| Others | 22.3 | 22.2 | 26.6 | 18.3 | -6.4% |
| Total | 72.7 | 58.0 | 43.2 | 50.6 | -11.4% |
Top Export Markets for Coniferous Wood in the Rough from Nigeria in 2022:
- Vietnam (220.0 cubic meters)
- India (120.0 cubic meters)
This report provides an in-depth analysis of the market for coniferous wood in the rough 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:
- FCL 1866 -
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
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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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