Latest Report Update: Feb 23, 2019

Nigeria - Wood-Based Panels - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Wood-Based Panels Market Overview 2019

Wood-Based Panels Market Size in Nigeria

The revenue of the wood-based panels market in Nigeria amounted to $X in 2017, surging by X% against the previous year. Overall, the total market indicated a perceptible growth from 2007 to 2017: its value decreased at an average annual rate of -X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the wood-based panels consumption increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2008, with an increase of X% year-to-year. In that year, the wood-based panels market reached their peak level of $X. From 2009 to 2017, growth of the wood-based panels market failed to regain its momentum.

Wood-Based Panels Production in Nigeria

Wood-based panels production in Nigeria amounted to X cubic meters in 2017, flattening at the previous year. In general, wood-based panels production continues to indicate a relatively flat trend pattern. Over the period under review, the wood-based panels production attained its maximum volume of X cubic meters in 2007; afterwards, it flattened through to 2017.

Wood-Based Panels Exports from Nigeria

In 2017, the amount of wood-based panels exported from Nigeria totaled X cubic meters, coming up by X% against the previous year. In general, wood-based panels exports continue to indicate a strong growth. The most prominent rate of growth was recorded in 2015, when exports increased by X% against the previous year. Over the period under review, the wood-based panels exports attained its peak figure volume in 2017, and are expected to retain its growth in the near future.

In value terms, wood-based panels exports totaled $X in 2017. Overall, wood-based panels exports continue to indicate a prominent increase. Over the period under review, the wood-based panels exports attained its maximum level in 2017, and are likely to continue its growth in the immediate term.

Wood-Based Panels Exports by Country from Nigeria

The countries with the highest levels of wood-based panels exports in 2017 were Canada (X cubic meters), Germany (X cubic meters), Thailand (X cubic meters), China (X cubic meters), Russia (X cubic meters), Austria (X cubic meters), France (X cubic meters), Poland (X cubic meters), Belarus (X cubic meters), Belgium (X cubic meters), Romania (X cubic meters) and Spain (X cubic meters), together resulting at X% of total export.

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

In value terms, China ($X) remains the largest wood-based panels supplier from Nigeria, making up X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by Canada, with a X% share.

In China, wood-based panels exports expanded at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Germany (-X% per year) and Canada (+X% per year).

Wood-Based Panels Export Prices by Country in Nigeria

In 2017, the wood-based panels export price in Nigeria amounted to $X per thousand cubic meters, coming up by X% against the previous year. Overall, wood-based panels export price continues to indicate a mild drop. The pace of growth appeared the most rapid in 2012, an increase of X% against the previous year. In that year, the export prices for wood-based panels reached their peak level of $X per thousand cubic meters. From 2013 to 2017, growth of the export prices for wood-based panels stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was China ($X per thousand cubic meters), while Thailand ($X per thousand cubic meters) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by China (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Wood-Based Panels Imports into Nigeria

Wood-based panels imports into Nigeria stood at X cubic meters in 2017, going down by -X% against the previous year. In general, wood-based panels imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when imports increased by X% against the previous year. In that year, the wood-based panels imports attained their peak volume of X cubic meters. From 2011 to 2017, growth of the wood-based panels imports failed to regain its momentum.

In value terms, wood-based panels imports stood at $X in 2017. In general, wood-based panels imports continue to indicate a relatively flat trend pattern. Over the period under review, the wood-based panels imports attained its peak figure level in 2017, and are likely to see steady growth in the immediate term.

Wood-Based Panels Imports by Country into Nigeria

In 2017, the U.S. (X cubic meters), distantly followed by Germany (X cubic meters) represented the largest importers of wood-based panels, together committing X% of total imports. Poland (X cubic meters), Italy (X cubic meters), the UK (X cubic meters), Japan (X cubic meters), South Korea (X cubic meters), France (X cubic meters), the Netherlands (X cubic meters), Belgium (X cubic meters), China (X cubic meters) and Canada (X cubic meters) occupied the slight share of total imports.

From 2007 to 2017, average annual rates of growth with regard to wood-based panels imports into the U.S. stood at +X%. At the same time, Poland (+X%), Germany (+X%), Italy (+X%), South Korea (+X%), Belgium (+X%), the Netherlands (+X%), China (+X%), Japan (+X%) and Canada (+X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest growing importer in the world, with a CAGR of +X% from 2007-2017. The UK experienced a relatively flat trend pattern. By contrast, France (-X%) illustrated a downward trend over the same period. Poland (-X%), Germany (-X%) and the U.S. (-X%) significantly weakened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported wood-based panels into Nigeria, making up X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by Japan, with a X% share.

In the U.S., wood-based panels imports remained relatively stable over the period from 2007-2017. In the other countries, the average annual rates were as follows: Germany (+X% per year) and Japan (-X% per year).

Wood-Based Panels Import Prices by Country in Nigeria

In 2017, the wood-based panels import price in Nigeria amounted to $X per thousand cubic meters, picking up by X% against the previous year. Overall, wood-based panels import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013, when it surged by X% y-o-y. Nigeria import price peaked in 2017, and is expected to retain its growth in the immediate term.

Import prices varied noticeably by the country of destination; the country with the highest import price was Japan ($X per thousand cubic meters), while Poland ($X per thousand cubic meters) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by France (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform

Product coverage:
• FCL 1647 - Hardboard
• FCL 1648 - MDF/HDF
• FCL 1650 - Other fibreboard
• FCL 1697 - Particle board
• FCL 1606 - OSB
• FCL 1640 - Plywood
• FCL 1634 - Veneer sheets

This report provides an in-depth analysis of the wood-based panels 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 2025.


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
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
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 2025
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

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

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

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 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2018
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

LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption In 2007–2018
Table 5:
Imports, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Value Terms, By Country, 2007–2018
Table 7:
Import Prices, By Country Of Origin, 2007–2018
Table 8:
Exports, In Physical Terms, By Country, 2007–2018
Table 9:
Exports, In Value Terms, By Country, 2007–2018
Table 10:
Export Prices, By Country Of Destination, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2018
Figure 5:
Trade Balance, In Physical Terms, 2007–2018
Figure 6:
Trade Balance, In Value Terms, 2007–2018
Figure 7:
Per Capita Consumption, 2007–2018
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2018
Figure 21:
Production, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, 2007–2018
Figure 23:
Imports, In Value Terms, 2007–2018
Figure 24:
Imports, In Physical Terms, By Country, 2018
Figure 25:
Imports, In Physical Terms, By Country, 2007–2018
Figure 26:
Imports, In Value Terms, By Country, 2007–2018
Figure 27:
Import Prices, By Country Of Origin, 2007–2018
Figure 28:
Exports, In Physical Terms, 2007–2018
Figure 29:
Exports, In Value Terms, 2007–2018
Figure 30:
Exports, In Physical Terms, By Country, 2018
Figure 31:
Exports, In Physical Terms, By Country, 2007–2018
Figure 32:
Exports, In Value Terms, By Country, 2007–2018
Figure 33:
Export Prices, By Country Of Destination, 2007–2018
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