Price for Wood; Shuttering for Concrete Constructional Work in Nigeria - 2022
Contents:
- Price for Wood; Shuttering for Concrete Constructional Work in Nigeria (CIF) - 2022
- Imports of Wood; Shuttering for Concrete Constructional Work in Nigeria
Price for Wood; Shuttering for Concrete Constructional Work in Nigeria (CIF) - 2022
The average import price for wood; shuttering for concrete constructional work stood at $3,279 per ton in 2022, rising by 80% against the previous year. Overall, the import price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2014 when the average import price increased by 113% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($19,399 per ton), while the price for Turkey ($170 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+98.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Wood; Shuttering for Concrete Constructional Work in Nigeria
Imports of wood; shuttering for concrete constructional work into Nigeria soared to 1.5K tons in 2022, with an increase of 40% on the previous year. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +14.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -14.6% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 75%. As a result, imports attained the peak of 1.7K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of wood; shuttering for concrete constructional work soared to $4.8M in 2022. Over the period under review, imports posted a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 207%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in years to come.
| Import of Wood; Shuttering for Concrete Constructional Work in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 2,080 | 0% |
| Germany | 406 | 1,324 | 922 | 1,156 | 41.7% |
| China | 219 | 36.5 | 103 | 542 | 35.3% |
| Austria | 99.8 | 1,299 | 794 | 430 | 62.7% |
| Egypt | N/A | N/A | 28.0 | 341 | 1117.9% |
| Italy | 45.9 | 70.4 | 20.0 | 128 | 40.8% |
| Slovenia | 176 | 70.7 | N/A | 85.1 | -21.5% |
| Turkey | 4.9 | N/A | N/A | 18.7 | 56.3% |
| United Arab Emirates | 34.0 | 247 | N/A | 16.2 | -21.9% |
| Others | 37.1 | 92.5 | 39.0 | 3.0 | -56.8% |
| Total | 1,023 | 3,140 | 1,906 | 4,800 | 67.4% |
Top Suppliers of Wood; Shuttering for Concrete Constructional Work to Nigeria in 2022:
- Germany (392.9 tons)
- China (328.0 tons)
- Austria (174.8 tons)
- Egypt (150.6 tons)
- Italy (146.1 tons)
- Turkey (109.9 tons)
- United States (107.2 tons)
- Slovenia (40.1 tons)
- United Arab Emirates (11.2 tons)
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