Nigeria: Wood Pulp Market 2022

Wood Pulp Market Size in Nigeria

The Nigerien wood pulp market contracted to $X in 2021, waning by -X% against the previous year. Overall, consumption, however, saw a buoyant expansion. As a result, consumption reached the peak level of $X, and then fell in the following year.

Wood Pulp Production in Nigeria

In value terms, wood pulp production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, saw buoyant growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Wood pulp production peaked at $X in 2020, and then fell in the following year.

Wood Pulp Exports

Exports from Nigeria

After seven years of decline, shipments abroad of wood pulp increased by X% to X tons in 2021. In general, exports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, wood pulp exports rose markedly to $X in 2021. Over the period under review, exports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

South Africa (X kg) was the main destination for wood pulp exports from Nigeria, accounting for a approx. less than X% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to South Africa was relatively modest.

From 2012 to 2020, the average annual growth rate of value to South Africa was relatively modest.

Export Prices by Country

The average wood pulp export price stood at $X per ton in 2020, shrinking by -X% against the previous year. Overall, the export price continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2020, the the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2020, the rate of growth in terms of prices for South Africa amounted to X% per year.

Wood Pulp Imports

Imports into Nigeria

In 2021, approx. X tons of wood pulp were imported into Nigeria; growing by X% on 2020. The total import volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, wood pulp imports soared to $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of wood pulp to Nigeria, accounting for a X% share of total imports. Moreover, wood pulp imports from the United States exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), twofold. Brazil (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+X% per year) and Brazil (+X% per year).

In value terms, the United States ($X) constituted the largest supplier of wood pulp to Nigeria, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+X% per year) and China (+X% per year).

Import Prices by Country

In 2021, the average wood pulp import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, showed a mild descent. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably countryorigin: the country with the highest price was Russia ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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