Nigeria - Industrial Roundwood (Non-Coniferous) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingIndustrial Roundwood (Non-Coniferous) Price in Nigeria - 2022
Contents:
- Industrial Roundwood (Non-Coniferous) Price in Nigeria (FOB) - 2022
- Industrial Roundwood (Non-Coniferous) Price in Nigeria (CIF) - 2022
- Industrial Roundwood (Non-Coniferous) Exports in Nigeria
- Industrial Roundwood (Non-Coniferous) Imports in Nigeria
Industrial Roundwood (Non-Coniferous) Price in Nigeria (FOB) - 2022
In 2022, the average industrial roundwood (non-coniferous) export price amounted to $294 per cubic meter, surging by 13% against the previous year. In general, the export price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2021 an increase of 18% against the previous year. The export price peaked at $521 per cubic meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($459 per cubic meter), while the average price for exports to Vietnam ($254 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 (+0.1%), while the prices for the other major destinations experienced a decline.
Industrial Roundwood (Non-Coniferous) Price in Nigeria (CIF) - 2022
The average industrial roundwood (non-coniferous) import price stood at $250 per cubic meter in 2022, approximately mirroring the previous year. Over the period under review, the import price showed a resilient expansion. The most prominent rate of growth was recorded in 2014 an increase of 84%. The import price peaked at $424 per cubic meter in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($254 per cubic meter), while the price for the United States stood at $235 per cubic meter.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Industrial Roundwood (Non-Coniferous) Exports in Nigeria
In 2022, exports of industrial roundwood from Nigeria contracted markedly to 161K cubic meters, waning by -39% on the year before. Overall, exports, however, showed a tangible expansion. The pace of growth was the most pronounced in 2021 with an increase of 174%. As a result, the exports attained the peak of 264K cubic meters, and then reduced remarkably in the following year.
In value terms, industrial roundwood (non-coniferous) exports shrank markedly to $47M in 2022. In general, exports, however, showed a moderate increase. The pace of growth was the most pronounced in 2021 when exports increased by 224% against the previous year. As a result, the exports attained the peak of $69M, and then dropped rapidly in the following year.
Export of Industrial Roundwood (Non-Coniferous) in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 21.7 | 14.1 | 31.6 | 16.2 | -9.3% |
China | 6.2 | 0.5 | 0.4 | 4.5 | -10.1% |
India | 13.2 | 4.6 | 0.7 | 1.3 | -53.8% |
Singapore | 1.0 | 1.1 | 2.0 | 0.7 | -11.2% |
Others | 2.0 | 0.8 | 34.0 | 24.6 | 130.8% |
Total | 44.1 | 21.2 | 68.7 | 47.3 | 2.4% |
Top Export Markets for Industrial Roundwood (Non-Coniferous) from Nigeria in 2022:
- Vietnam (63.9K cubic meters)
- China (12.9K cubic meters)
- India (2.8K cubic meters)
- Singapore (2.0K cubic meters)
Industrial Roundwood (Non-Coniferous) Imports in Nigeria
Industrial roundwood (non-coniferous) imports into Nigeria shrank to 2.4K cubic meters in 2022, waning by -12.8% compared with 2021. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +10.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, (non-coniferous) imports increased by +40.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 61%. As a result, imports attained the peak of 2.8K cubic meters, and then dropped in the following year.
In value terms, industrial roundwood (non-coniferous) imports fell to $608K in 2022. In general, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 120%. As a result, imports reached the peak of $696K, and then contracted in the following year.
Import of Industrial Roundwood (Non-Coniferous) in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 34.6 | 63.0 | 476 | 400 | 126.1% |
China | 343 | 12.4 | 219 | 184 | -18.7% |
Turkey | N/A | 241 | 0.1 | N/A | -100.0% |
Ghana | 85.3 | N/A | N/A | N/A | 0% |
Others | 4.8 | N/A | 0.2 | 24.3 | 71.7% |
Total | 468 | 316 | 696 | 608 | 9.1% |
Top Suppliers of Industrial Roundwood (Non-Coniferous) to Nigeria in 2022:
- United States (1702.0 cubic meters)
- China (727.0 cubic meters)
This report provides an in-depth analysis of the industrial roundwood (non-coniferous) 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 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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