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Store → Wood and Paper Products → Products of Wood, Cork, Straw And Plaiting Materials → Solid Biofuels
Report Nigeria - Solid Biofuels - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: May 19, 2023

Nigeria - Solid Biofuels - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Solid Biofuel Market 2023

Solid Biofuel Market Size in Nigeria

In 2022, the Nigerien solid biofuel market increased by 2.7% to $X, rising for the sixth consecutive year after three years of decline. The market value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Solid biofuel consumption peaked in 2022 and is likely to see gradual growth in the near future.

Solid Biofuel Production in Nigeria

In value terms, solid biofuel production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 9.2%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Solid Biofuel Exports

Exports from Nigeria

In 2022, the amount of solid biofuels exported from Nigeria declined sharply to X tons, which is down by -15.8% against the year before. Over the period under review, exports showed a perceptible downturn. The most prominent rate of growth was recorded in 2014 with an increase of 58%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, solid biofuel exports contracted rapidly to $X in 2022. In general, exports saw a noticeable decline. The pace of growth was the most pronounced in 2018 when exports increased by 33%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Portugal (X tons) was the main destination for solid biofuel exports from Nigeria, accounting for a 18% share of total exports. Moreover, solid biofuel exports to Portugal exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold. Poland (X tons) ranked third in terms of total exports with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Portugal stood at +19.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+50.4% per year) and Poland (-18.9% per year).

In value terms, the largest markets for solid biofuel exported from Nigeria were the United Arab Emirates ($X), Portugal ($X) and Poland ($X), with a combined 18% share of total exports. These countries were followed by Israel, Greece, Turkey, Belgium, the Netherlands and Niger, which together accounted for a further 6.7%.

Niger, with a CAGR of +73.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average solid biofuel export price stood at $X per ton in 2022, falling by -25.2% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 an increase of 96%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to Niger ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.

Solid Biofuel Imports

Imports into Nigeria

In 2022, imports of solid biofuels into Nigeria surged to X tons, increasing by 106% on the previous year. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 12,460%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, solid biofuel imports soared to $X in 2022. Over the period under review, imports posted a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 92,582% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest solid biofuel supplier to Nigeria, accounting for a 47% share of total imports. Moreover, solid biofuel imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at +50.9%.

In value terms, China ($X) constituted the largest supplier of solid biofuels to Nigeria, comprising 42% of total imports. The second position in the ranking was taken by the UK ($X), with a 0.5% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +52.1%.

Import Prices by Country

In 2022, the average solid biofuel import price amounted to $X per ton, with an increase of 115% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 638%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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 China ($X per ton), while the price for the UK stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+43.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for solid biofuels in the world?
+
The countries with the highest volumes of consumption in 2022 were the UK, Japan and South Korea, together comprising 26% of global consumption.
What are the largest producers of solid biofuels in the world?
+
The countries with the highest volumes of production in 2022 were the United States, Brazil and Nigeria, together comprising 22% of global production. These countries were followed by Ethiopia, Canada, Vietnam, Germany, Russia, Democratic Republic of the Congo, China, India, Latvia and Ghana, which together accounted for a further 30%.
What are the leading suppliers of solid biofuels to Nigeria?
+
In value terms, China constituted the largest supplier of solid biofuels to Nigeria, comprising 42% of total imports. The second position in the ranking was held by the UK, with a 0.5% share of total imports.
What are the leading importers of solid biofuels from Nigeria?
+
In value terms, the largest markets for solid biofuel exported from Nigeria were the United Arab Emirates, Portugal and Poland, together accounting for 18% of total exports. These countries were followed by Israel, Greece, Turkey, Belgium, the Netherlands and Niger, which together accounted for a further 6.7%.
What is the average export price for solid biofuels in Nigeria?
+
In 2022, the average solid biofuel export price amounted to $265 per ton, waning by -25.2% against the previous year.
What is the average import price for solid biofuels in Nigeria?
+
The average solid biofuel import price stood at $227 per ton in 2022, rising by 115% against the previous year.

This report provides an in-depth analysis of the solid biofuel 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 1630 - Wood charcoal
• FCL 1693 - Wood pellets
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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
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

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
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
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
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
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
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
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Imports, In Physical Terms, 2012–2022
Figure 24:
Imports, In Value Terms, 2012–2022
Figure 25:
Imports, In Physical Terms, By Country, 2022
Figure 26:
Imports, In Physical Terms, By Country, 2012–2022
Figure 27:
Imports, In Value Terms, By Country, 2012–2022
Figure 28:
Import Prices, By Country Of Origin, 2012–2022
Figure 29:
Exports, In Physical Terms, 2012–2022
Figure 30:
Exports, In Value Terms, 2012–2022
Figure 31:
Exports, In Physical Terms, By Country, 2022
Figure 32:
Exports, In Physical Terms, By Country, 2012–2022
Figure 33:
Exports, In Value Terms, By Country, 2012–2022
Figure 34:
Export Prices, By Country Of Destination, 2012–2022
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