Price for Wood; Posts and Beams in Nigeria - 2022

Contents:

1. Price for Wood; Posts and Beams in Nigeria (CIF) - 2022
2. Price for Wood; Posts and Beams in Nigeria (FOB) - 2022
3. Imports of Wood; Posts and Beams in Nigeria
4. Exports of Wood; Posts and Beams in Nigeria

Price for Wood; Posts and Beams in Nigeria (CIF) - 2022

The average wood; posts and beams import price stood at $1,568 per ton in 2022, surging by 12% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood; posts and beams import price decreased by -27.2% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of 47%. The import price peaked at $2,155 per ton in 2020; however, from 2021 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 Portugal ($4,706 per ton), while the price for Italy ($599 per ton) was amongst the lowest.

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

Price for Wood; Posts and Beams in Nigeria (FOB) - 2022

In 2021, the average wood; posts and beams export price amounted to $618 per ton, remaining relatively unchanged against the previous year. Overall, the export price continues to indicate a dramatic descent. The pace of growth appeared the most rapid in 2020 when the average export price decreased by 99.9%. The export price peaked at $4,079 per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Ethiopia.

From 2015 to 2021, the rate of growth in terms of prices for Vietnam amounted to 0.0% per year.

Imports of Wood; Posts and Beams in Nigeria

Wood; posts and beams imports into Nigeria soared to 886 tons in 2022, jumping by 223% against 2021 figures. Over the period under review, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wood; posts and beams imports soared to $1.4M in 2022. Overall, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Wood; Posts and Beams to Nigeria in 2022:

1. China (329.0 tons)
2. Slovenia (110.6 tons)
3. United States (94.5 tons)
4. Austria (63.7 tons)
5. Italy (63.2 tons)
6. Turkey (52.3 tons)
7. South Africa (47.9 tons)

Exports of Wood; Posts and Beams in Nigeria

In 2021, the amount of wood; posts and beamses exported from Nigeria stood at 12 tons, therefore, remained relatively stable against 2020. Overall, exports recorded a significant expansion. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, wood; posts and beams exports amounted to $7.5K in 2021. Over the period under review, exports posted a significant increase. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Top Export Markets for Wood; Posts and Beams from Nigeria in 2022:

1. Ethiopia (12.1 tons)

Source: IndexBox Market Intelligence Platform