Nigeria: Sawnwood Market Overview 2020

Sawnwood Market Size in Nigeria

The revenue of the sawnwood market in Nigeria amounted to $X in 2017, coming down by -X% against the previous year. In general, sawnwood consumption continues to indicate a slight increase. The pace of growth was the most pronounced in 2012, when market value increased by X% against the previous year. In that year, the sawnwood market reached their peak level of $X. From 2013 to 2017, growth of the sawnwood market stood at a somewhat lower level.

Sawnwood Production in Nigeria

Sawnwood production in Nigeria amounted to X cubic meters in 2017, standing approx. at the previous year. Overall, sawnwood production continues to indicate a relatively flat trend pattern. Over the period under review, the sawnwood production reached its peak figure volume of X cubic meters in 2007; afterwards, it flattened through to 2017.

Sawnwood Exports from Nigeria

In 2017, approx. X cubic meters of sawnwood were exported from Nigeria; falling by -X% against the previous year. In general, sawnwood exports continue to indicate an abrupt setback. The pace of growth appeared the most rapid in 2013, when it surged by X% against the previous year. The exports peaked of X cubic meters in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, sawnwood exports amounted to $X in 2017. Overall, sawnwood exports continue to indicate a noticeable deduction. Over the period under review, the sawnwood exports reached its maximum level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Sawnwood Exports by Country from Nigeria

China (X cubic meters), Niger (X cubic meters) and Bangladesh (X cubic meters) were the main destinations of sawnwood exports from Nigeria, with a combined X% share of total exports. These countries were followed by Thailand, China, Hong Kong SAR, Denmark, India, Portugal, Benin, Viet Nam, the Czech Republic and Belize, which together accounted for a further X%.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by the Czech Republic (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Niger ($X), Thailand ($X) and China ($X) appeared to be the largest markets for sawnwood exported from Nigeria worldwide, with a combined X% share of total exports. Portugal, Denmark, Bangladesh, China, Hong Kong SAR, Benin, Viet Nam, India, the Czech Republic and Belize lagged somewhat behind, together accounting for a further X%.

The Czech Republic (+X% per year) experienced the highest growth rate of exports, in terms of the main countries of destination over the last decade, while the other leaders experienced more modest paces of growth.

Sawnwood Export Prices by Country in Nigeria

The average sawnwood export price stood at $X per cubic meter in 2017, going up by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2012, an increase of X% y-o-y. In that year, the average export prices for sawnwood attained their peak level of $X per cubic meter. From 2013 to 2017, growth of the average export prices for sawnwood failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Portugal ($X thousand per cubic meter), while average price for exports to China ($X per cubic meter) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Portugal (+X% per year), the export prices for other major destinations experienced more modest paces of growth.

Sawnwood Imports into Nigeria

Sawnwood imports into Nigeria amounted to X cubic meters in 2017, going down by -X% against the previous year. In general, sawnwood imports continue to indicate a temperate shrinkage. The most prominent rate of growth was recorded in 2012, with an increase of X% year-to-year. In that year, the sawnwood imports reached their peak volume of X cubic meters. From 2013 to 2017, growth of the sawnwood imports failed to regain its momentum.

In value terms, sawnwood imports totaled $X in 2017. Overall, sawnwood imports continue to indicate a significant downturn. Over the period under review, the sawnwood imports attained its peak figure level of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Sawnwood Imports by Country into Nigeria

In 2017, Malaysia (X cubic meters) constituted the largest supplier of sawnwood to Nigeria, with a X% share of total imports. Moreover, sawnwood imports from Malaysia exceeded the figures recorded by the second largest supplier, Ghana (X cubic meters), ninefold. The third position in this ranking was occupied by Japan (X cubic meters), with a X% share.

From 2007 to 2017, the average annual growth rate of volume from Malaysia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ghana (-X% per year) and Japan (+X% per year).

In value terms, Malaysia ($X) constituted the largest supplier of sawnwood to Nigeria, making up X% of total sawnwood imports. The second position in the ranking was occupied by Ghana ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

From 2007 to 2017, the average annual growth rate of value from Malaysia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ghana (+X% per year) and Austria (+X% per year).

Sawnwood Import Prices by Country in Nigeria

The average sawnwood import price stood at $X per cubic meter in 2017, jumping by X% against the previous year. Overall, sawnwood import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when the average import prices increased by X% against the previous year. In that year, the average import prices for sawnwood reached their peak level of $X per cubic meter. From 2009 to 2017, growth of the average import prices for sawnwood stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major supplying countries. In 2017, the country with the highest import price was Ghana ($X thousand per cubic meter), while prices for sawnwood imports from Japan ($X per cubic meter) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Ghana (+X% per year), the import prices for other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform