Price for Medium Density Fibreboard (MDF) of Thickness over 9 Mm in Nigeria - 2023
Contents:
- Price for Medium Density Fibreboard (MDF) of Thickness over 9 Mm in Nigeria (CIF) - 2022
- Imports of Medium Density Fibreboard (MDF) of Thickness over 9 Mm in Nigeria
Price for Medium Density Fibreboard (MDF) of Thickness over 9 Mm in Nigeria (CIF) - 2022
The average import price for medium density fibreboard (MDF) of thickness over 9 mm stood at $802 per ton in 2022, rising by 34% against the previous year. Over the period under review, the import price posted a prominent increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 120% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($1,103,090 per ton), while the price for Thailand ($358,601 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Medium Density Fibreboard (MDF) of Thickness over 9 Mm in Nigeria
In 2022, imports of medium density fibreboard (mdf) of thickness over 9 mm into Nigeria reduced notably to 4.4K tons, falling by -63.3% against 2021 figures. In general, imports faced a dramatic slump. The smallest decline of -59% was in 2020.
In value terms, imports of medium density fibreboard (MDF) of thickness over 9 mm shrank rapidly to $3.5M in 2022. Over the period under review, imports showed a sharp shrinkage. The smallest decline of -25% was in 2021.
| Import of Medium Density Fibreboard (MDF) of Thickness over 9 Mm in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 24.4 | 7.7 | 3.8 | 1.4 | -61.4% |
| Thailand | 0.9 | 0.8 | 1.8 | 0.8 | -3.9% |
| Turkey | 0.1 | N/A | 0.2 | 0.1 | 0.0% |
| Poland | 0.7 | N/A | 0.1 | 0.1 | -47.7% |
| Belgium | N/A | N/A | 0.2 | N/A | 0% |
| Others | 0.8 | 0.8 | 1.0 | 1.0 | 7.7% |
| Total | 26.9 | 9.5 | 7.1 | 3.5 | -49.3% |
Top Suppliers of Medium Density Fibreboard (MDF) of Thickness over 9 Mm to Nigeria in 2022:
- China (2.4 tons)
- Thailand (2.2 tons)
- Poland (0.3 tons)
- Turkey (0.1 tons)
- Belgium (0.1 tons)
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