Price for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Nigeria - 2022
Contents:
- Price for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Nigeria (FOB) - 2022
- Exports of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Nigeria
Price for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Nigeria (FOB) - 2022
In 2022, the average export price for wood amounted to $16 per cubic meter, flattening at the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2020 when the average export price increased by 11%. Over the period under review, the average export prices reached the maximum at $16 per cubic meter in 2021, and then shrank modestly in the following year.
As there is only one major export destination, the average price level is determined by prices for Portugal.
From 2012 to 2022, the rate of growth in terms of prices for Portugal amounted to +3.1% per year.
Exports of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Nigeria
Exports of wood from Nigeria stood at 77K cubic meters in 2022, approximately equating 2021 figures. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 148% against the previous year. As a result, the exports reached the peak of 87K cubic meters. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of wood reached $1.3M in 2022. In general, exports posted significant growth. The growth pace was the most rapid in 2020 with an increase of 176% against the previous year. As a result, the exports reached the peak of $1.3M; afterwards, it flattened through to 2022.
Export of Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Portugal | 0.5 | 1.3 | 1.2 | 1.3 | 37.5% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 0.5 | 1.3 | 1.2 | 1.3 | 37.5% |
Top Export Markets for Wood; for Fuel, Sawdust and Wood Waste and Scrap, Not Agglomerated from Nigeria in 2022:
- Portugal (77.1K cubic meters)
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