Nigeria: Market for Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels) 2025

Market Size for Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels) in Nigeria

In 2022, the Nigerien market for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) increased by 513% to $X, rising for the second year in a row after two years of decline. Overall, consumption posted a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels)

Exports from Nigeria

For the sixth consecutive year, Nigeria recorded growth in overseas shipments of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels), which increased by 69% to X tons in 2022. Overall, exports recorded significant growth. The pace of growth was the most pronounced in 2017 with an increase of 597%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) skyrocketed to $X in 2022. Over the period under review, exports showed a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by 186%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Benin (X tons) was the main destination for exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) from Nigeria, with a 72% share of total exports. Moreover, exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) to Benin exceeded the volume sent to the second major destination, Niger (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Benin totaled +74.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (+10.8% per year) and China (+38.9% per year).

In value terms, Benin ($X) remains the key foreign market for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) exports from Nigeria, comprising 65% of total exports. The second position in the ranking was taken by China ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Benin stood at +44.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+16.7% per year) and Niger (+8.6% per year).

Export Prices by Country

The average export price for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) stood at $X per ton in 2022, with a decrease of -23% against the previous year. In general, the export price recorded a abrupt descent. The pace of growth was the most pronounced in 2014 when the average export price increased by 204%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat 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 China ($X per ton), while the average price for exports to Niger ($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 Niger (-2.1%), while the prices for the other major destinations experienced a decline.

Imports of Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels)

Imports into Nigeria

In 2022, supplies from abroad of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) increased by 353% to X tons, rising for the second consecutive year after two years of decline. In general, imports enjoyed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) skyrocketed to $X in 2022. Overall, imports posted a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Slovenia (X tons), South Korea (X tons) and China (X tons) were the main suppliers of imports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) to Nigeria, with a combined 51% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +42.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X) constituted the largest supplier of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) to Nigeria, comprising 29% of total imports. The second position in the ranking was held by China ($X), with an 8.2% share of total imports. It was followed by Italy, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Slovenia totaled +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.1% per year) and Italy (+4.2% per year).

Import Prices by Country

The average import price for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) stood at $X per ton in 2022, rising by 48% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) increased by +80.6% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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