Report Update Apr 1, 2024

Nigeria - Industrial Roundwood - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Industrial Roundwood Market 2024

Industrial Roundwood Market Size in Nigeria

The Nigerien industrial roundwood market contracted to $X in 2022, with a decrease of X% against the previous year. Overall, consumption continues to indicate a abrupt decline. The growth pace was the most rapid in 2021 when the market value increased by X% against the previous year. Industrial roundwood consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Industrial Roundwood Production in Nigeria

In value terms, industrial roundwood production fell to $X in 2022 estimated in export price. In general, production, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Industrial roundwood production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Industrial Roundwood Exports

Exports from Nigeria

In 2022, overseas shipments of industrial roundwood increased by X% to X cubic meters, rising for the second consecutive year after three years of decline. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at X cubic meters in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, industrial roundwood exports skyrocketed to $X in 2022. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X cubic meters) was the main destination for industrial roundwood exports from Nigeria, with a X% share of total exports. Moreover, industrial roundwood exports to Vietnam exceeded the volume sent to the second major destination, China (X cubic meters), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Vietnam amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and India (X% per year).

In value terms, Vietnam ($X) remains the key foreign market for industrial roundwood exports from Nigeria, comprising X% of total exports. The second position in the ranking was held by China ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and India (X% per year).

Export Prices by Country

The average industrial roundwood export price stood at $X per cubic meter in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, showed a deep reduction. Over the period under review, the average export prices attained the peak figure at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per cubic meter), while the average price for exports to China ($X 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 China (X%), while the prices for the other major destinations experienced a decline.

Industrial Roundwood Imports

Imports into Nigeria

After two years of growth, overseas purchases of industrial roundwood decreased by X% to X cubic meters in 2022. Overall, imports, however, saw a significant expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at X cubic meters in 2021, and then reduced rapidly in the following year.

In value terms, industrial roundwood imports skyrocketed to $X in 2022. In general, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Madagascar (X cubic meters) was the main industrial roundwood supplier to Nigeria, accounting for a X% share of total imports. It was followed by China (X cubic meters), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Madagascar amounted to X%.

In value terms, Madagascar ($X) constituted the largest supplier of industrial roundwood to Nigeria, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Madagascar amounted to X%.

Import Prices by Country

In 2022, the average industrial roundwood import price amounted to $X per cubic meter, increasing by X% against the previous year. In general, the import price recorded a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Madagascar ($X per cubic meter), while the price for China stood at $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (X%).

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Frequently Asked Questions (FAQ) :

What are the largest markets for industrial roundwood in the world?

The countries with the highest volumes of consumption in 2023 were the United States, China and Russia, together accounting for 39% of global consumption. Brazil, Canada, Indonesia, Sweden, Finland, India, Germany, Chile, Vietnam and Poland lagged somewhat behind, together comprising a further 36%.

What are the largest producers of industrial roundwood in the world?

The countries with the highest volumes of production in 2022 were the United States, Russia and China, together accounting for 37% of global production. Brazil, Canada, Indonesia, Sweden, Germany, Finland, India, New Zealand, Chile and Vietnam lagged somewhat behind, together comprising a further 36%.

What are the leading suppliers of industrial roundwood to Nigeria?

In value terms, Madagascar constituted the largest supplier of industrial roundwood to Nigeria, comprising 98% of total imports. The second position in the ranking was held by China, with a 0.7% share of total imports.

What are the leading importers of industrial roundwood from Nigeria?

In value terms, Vietnam remains the key foreign market for industrial roundwood exports from Nigeria, comprising 44% of total exports. The second position in the ranking was taken by China, with an 8.3% share of total exports.

What is the average export price for industrial roundwood in Nigeria?

The average industrial roundwood export price stood at $296 per cubic meter in 2022, increasing by 16% against the previous year.

What is the average import price for industrial roundwood in Nigeria?

In 2022, the average industrial roundwood import price amounted to $844 per cubic meter, increasing by 125% against the previous year.

This report provides an in-depth analysis of the industrial roundwood market 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 1866 -
FCL 1867 -

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023