Nigeria - Wood Chips And Particles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Wood Chips and Particles in Nigeria - 2022
Contents:
- Price for Wood Chips and Particles in Nigeria (FOB) - 2022
- Price for Wood Chips and Particles in Nigeria (CIF) - 2022
- Exports of Wood Chips and Particles in Nigeria
- Imports of Wood Chips and Particles in Nigeria
Price for Wood Chips and Particles in Nigeria (FOB) - 2022
The average wood chips and particles export price stood at $92 per cubic meter in 2022, rising by 18% against the previous year. Overall, the export price, however, showed a mild setback. The pace of growth appeared the most rapid in 2017 an increase of 69% against the previous year. The export price peaked at $108 per cubic meter in 2020; however, from 2021 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 Italy ($536 per cubic meter), while the average price for exports to Germany ($21 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 Poland (+240.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wood Chips and Particles in Nigeria (CIF) - 2022
In 2022, the average wood chips and particles import price amounted to $66 per cubic meter, with a decrease of -21.2% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 110% against the previous year. As a result, import price attained the peak level of $110 per cubic meter. From 2019 to 2022, the average import prices failed to regain momentum.
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 Germany ($1,506 per cubic meter), while the price for China totaled $59 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 mixed trend patterns.
Exports of Wood Chips and Particles in Nigeria
In 2022, the amount of wood chips and particles exported from Nigeria dropped to 794 cubic meters, falling by -6.7% compared with 2021 figures. In general, exports faced a sharp reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 16%. Over the period under review, the exports reached the maximum at 2.1K cubic meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, wood chips and particles exports expanded sharply to $73K in 2022. Overall, exports showed a precipitous descent. The exports peaked at $185K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Wood Chips and Particles in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 52.7 | 44.9 | 26.9 | 38.0 | -10.3% |
| China | 59.0 | 14.6 | 20.1 | 17.7 | -33.1% |
| Belgium | 53.2 | 12.9 | 17.3 | 14.9 | -34.6% |
| Germany | 3.8 | 0.8 | 0.9 | 0.6 | -46.0% |
| Others | 16.8 | 6.5 | 1.4 | 1.7 | -53.4% |
| Total | 185 | 79.6 | 66.5 | 73.1 | -26.6% |
Top Export Markets for Wood Chips and Particles from Nigeria in 2022:
- Belgium (536.0 cubic meters)
- China (149.0 cubic meters)
- Italy (71.0 cubic meters)
- Germany (31.0 cubic meters)
Imports of Wood Chips and Particles in Nigeria
In 2022, supplies from abroad of wood chips and particles decreased by -5.5% to 932 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 +4.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 13% against the previous year. As a result, imports attained the peak of 986 cubic meters, and then declined in the following year.
In value terms, wood chips and particles imports shrank sharply to $61K in 2022. Overall, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 105% against the previous year. As a result, imports reached the peak of $82K, and then reduced sharply in the following year.
| Import of Wood Chips and Particles in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 21.0 | 34.9 | 66.6 | 54.5 | 37.4% |
| Others | 6.1 | 5.3 | 15.5 | 6.7 | 3.2% |
| Total | 27.1 | 40.1 | 82.1 | 61.1 | 31.1% |
Top Suppliers of Wood Chips and Particles to Nigeria in 2022:
- China (922.0 cubic meters)
This report provides an in-depth analysis of the market for wood chips and 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:
- FCL 1619 - Wood chips and 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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