Report Update May 5, 2024

Nigeria - Saw Logs and Veneer Logs (Coniferous) - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Market for Saw Logs And Veneer Logs (Coniferous) 2024

Market Size for Saw Logs And Veneer Logs (Coniferous) in Nigeria

In 2023, after eleven years of growth, there was significant decline in the Nigerien market for saw logs and veneer logs (coniferous), when its value decreased by X% to $X. In general, consumption, however, showed a significant expansion. As a result, consumption attained the peak level of $X, and then shrank dramatically in the following year.

Production of Saw Logs And Veneer Logs (Coniferous) in Nigeria

In value terms, production of saw logs and veneer logs (coniferous) reduced to $X in 2023 estimated in export price. Over the period under review, production posted a mild expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2023, production of growth failed to regain momentum.

Exports of Saw Logs And Veneer Logs (Coniferous)

Exports from Nigeria

In 2023, after five years of growth, there was significant decline in overseas shipments of saw logs and veneer logs (coniferous), when their volume decreased by X% to X cubic meters. In general, exports, however, recorded a significant increase. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked at X cubic meters in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of saw logs and veneer logs (coniferous) plummeted to $X in 2023. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X cubic meters) and India (X cubic meters) were the main destinations of exports of saw logs and veneer logs (coniferous) from Nigeria.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of X%).

In value terms, Vietnam ($X) emerged as the key foreign market for saw logs and veneer logs (coniferous) exports from Nigeria, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to Vietnam stood at X%.

Export Prices by Country

In 2023, the average export price for saw logs and veneer logs (coniferous) amounted to $X per cubic meter, with an increase of X% against the previous year. Overall, the export price, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2020; however, from 2021 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Vietnam ($X per cubic meter), while the average price for exports to India stood at $X per cubic meter.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Saw Logs And Veneer Logs (Coniferous)

Imports into Nigeria

In 2023, supplies from abroad of saw logs and veneer logs (coniferous) decreased by X% to X cubic meters for the first time since 2017, thus ending a five-year rising trend. In general, imports, however, saw strong growth. The growth pace was the most rapid in 2022 when imports increased by X%. As a result, imports reached the peak of X cubic meters, and then reduced dramatically in the following year.

In value terms, imports of saw logs and veneer logs (coniferous) shrank rapidly to $X in 2023. Overall, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum at $X in 2022, and then reduced dramatically in the following year.

Imports by Country

In 2023, China (X cubic meters) was the main supplier of saw logs and veneer logs (coniferous) to Nigeria, with a approx. X% share of total imports.

From 2012 to 2023, the average annual growth rate of volume from China stood at X%.

In value terms, China ($X) constituted the largest supplier of saw logs and veneer logs (coniferous) to Nigeria.

From 2012 to 2023, the average annual rate of growth in terms of value from China totaled X%.

Import Prices by Country

The average import price for saw logs and veneer logs (coniferous) stood at $X per cubic meter in 2023, approximately equating the previous year. Over the period under review, the import price recorded a strong increase. The growth pace was the most rapid in 2018 an increase of X%. The import price peaked at $X per cubic meter in 2019; however, from 2020 to 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2023, the rate of growth in terms of prices for Romania amounted to X% per year.

Source: IndexBox Platform

This report provides an in-depth analysis of the market for saw logs and veneer logs (coniferous) 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 1601 - Sawlogs and veneer logs, coniferous
FCL 1602 - Pulpwood, round and split, coniferous (production)
FCL 1623 - Other industrial roundwood, coniferous (production)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023