Nigeria: Chipped Non-Coniferous Wood Market 2020

Chipped Non-Coniferous Wood Market Size in Nigeria

The revenue of the chipped non-coniferous wood market in Nigeria amounted to $X in 2018, going up by X% against the previous year. Overall, the total market indicated a buoyant increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, chipped non-coniferous wood consumption increased by +X% against 2014 indices. The growth pace was the most rapid in 2017 when the market value increased by X% against the previous year. Chipped non-coniferous wood consumption peaked in 2018 and is likely to continue its growth in the near future.

Chipped Non-Coniferous Wood Production in Nigeria

In value terms, chipped non-coniferous wood production stood at $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. In that year, chipped non-coniferous wood production reached its peak level and is likely to continue its growth in the immediate term.

Chipped Non-Coniferous Wood Exports

Exports from Nigeria

In 2018, the exports of non-coniferous wood in chips or particles from Nigeria totaled X tons, picking up by X% against the previous year. Overall, chipped non-coniferous wood exports continue to indicate a skyrocketing increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. In that year, chipped non-coniferous wood exports attained their peak and are likely to continue its growth in the immediate term.

In value terms, chipped non-coniferous wood exports amounted to $X in 2018. Over the period under review, chipped non-coniferous wood exports continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, chipped non-coniferous wood exports reached their peak figure at $X in 2008; however, from 2009 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons) was the main destination for chipped non-coniferous wood exports from Nigeria, with a approx. X% share of total exports.

From 2007 to 2018, the average annual rate of growth in terms of volume to Poland was relatively modest.

From 2007 to 2018, the average annual growth rate of value to Poland was relatively modest.

Export Prices by Country

In 2018, the average chipped non-coniferous wood export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the chipped non-coniferous wood export price, however, continues to indicate a dramatic setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% year-to-year. The export price peaked at $X per ton in 2008; however, from 2009 to 2018, export prices failed to regain their momentum.

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

From 2007 to 2018, the rate of growth in terms of prices for Poland amounted to X% per year.

Chipped Non-Coniferous Wood Imports

Imports into Nigeria

In 2014, the chipped non-coniferous wood imports into Nigeria totaled X tons, coming down by -X% against the previous year. In general, chipped non-coniferous wood imports continue to indicate a sharp reduction. The pace of growth appeared the most rapid in 2014 with a decrease of -X% year-to-year. Over the period under review, chipped non-coniferous wood imports attained their peak figure at X tons in 2013, and then declined slightly in the following year.

In value terms, chipped non-coniferous wood imports stood at $X in 2014. Overall, chipped non-coniferous wood imports continue to indicate a precipitous downturn. The pace of growth was the most pronounced in 2014 with a decrease of -X% y-o-y. Over the period under review, chipped non-coniferous wood imports attained their peak figure at $X in 2013, and then declined slightly in the following year.

Imports by Country

China (X tons) and Germany (X tons) were the main suppliers of chipped non-coniferous wood imports to Nigeria. Moreover, chipped non-coniferous wood imports in China exceeded the figures recorded by the second-largest supplier, Germany, more than tenfold.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by China.

In value terms, the largest chipped non-coniferous wood suppliers to Nigeria were China ($X) and Germany ($X). Moreover, chipped non-coniferous wood imports in China exceeded the figures recorded by the second-largest supplier, Germany, fivefold.

Among the main suppliers, China experienced the highest growth rate of imports, over the last eleven years.

Import Prices by Country

In 2018, the average chipped non-coniferous wood import price amounted to $X per ton, leveling off at the previous year. Overall, the chipped non-coniferous wood import price continues to indicate an outstanding expansion. The pace of growth was the most pronounced in 2014 an increase of X% y-o-y. In that year, the average import prices for non-coniferous wood in chips or particles reached their peak level of $X per ton. From 2015 to 2018, the growth in terms of the average import prices for non-coniferous wood in chips or particles remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per ton), while the price for China totaled $X per ton.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany.

Source: IndexBox Platform