Nigeria: Roundwood (Non-Coniferous) Market 2020

Roundwood (Non-Coniferous) Market Size in Nigeria

The revenue of the roundwood (non-coniferous) market in Nigeria amounted to $X in 2017, rising by X% against the previous year. In general, roundwood (non-coniferous) consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008, with an increase of X% y-o-y. Over the period under review, the roundwood (non-coniferous) market reached its maximum level of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Roundwood (Non-Coniferous) Production in Nigeria

Roundwood (non-coniferous) production in Nigeria amounted to X cubic meters in 2017, leveling off at the previous year. In general, roundwood (non-coniferous) production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014, when the output figure increased by X% y-o-y. Over the period under review, the roundwood (non-coniferous) production attained its peak figure volume of X cubic meters in 2016, leveling off in the following year.

Roundwood (Non-Coniferous) Exports from Nigeria

Roundwood (non-coniferous) exports from Nigeria totaled X cubic meters in 2017, picking up by X% against the previous year. In general, roundwood (non-coniferous) exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009, when it surged by X% year-to-year. In that year, the roundwood (non-coniferous) exports reached their peak volume of X cubic meters. From 2010 to 2017, growth of the roundwood (non-coniferous) exports stood at a somewhat lower level.

In value terms, roundwood (non-coniferous) exports stood at $X in 2017. Overall, roundwood (non-coniferous) exports continue to indicate a drastic downturn. Nigeria exports peaked of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Roundwood (Non-Coniferous) Exports by Country from Nigeria

In 2017, Russia (X cubic meters), distantly followed by the U.S. (X cubic meters), Solomon Islands (X cubic meters), France (X cubic meters), Papua New Guinea (X cubic meters), Latvia (X cubic meters), Myanmar (X cubic meters) and Malaysia (X cubic meters) represented the key exporters of roundwood (non-coniferous), together constituting X% of total exports. The following exporters - Uruguay (X cubic meters), Estonia (X cubic meters), Spain (X cubic meters) and Germany (X cubic meters) together made up X% of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Spain (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Solomon Islands ($X) and Uruguay ($X) appeared to be the countries with the highest levels of exports in 2017, with a combined X% share of total exports.

Uruguay (+X% per year) experienced the highest growth rate of exports, in terms of the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Roundwood (Non-Coniferous) Export Prices by Country in Nigeria

The roundwood (non-coniferous) export price in Nigeria stood at $X per cubic meter in 2017, going down by -X% against the previous year. In general, roundwood (non-coniferous) export price continues to indicate an abrupt deduction. The growth pace was the most rapid in 2009, an increase of X% year-to-year. Nigeria export price peaked of $X per cubic meter in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Uruguay ($X per cubic meter), while Latvia ($X per cubic meter) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Uruguay (+X% per year), while the other leaders experienced more modest paces of growth.

Roundwood (Non-Coniferous) Imports into Nigeria

In 2017, roundwood (non-coniferous) imports into Nigeria totaled X cubic meters, picking up by X% against the previous year. In general, roundwood (non-coniferous) imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2016, when imports increased by X% against the previous year. Nigeria imports peaked in 2017, and are expected to retain its growth in the near future.

In value terms, roundwood (non-coniferous) imports amounted to $X in 2017. Overall, roundwood (non-coniferous) imports continue to indicate a remarkable increase. Nigeria imports peaked in 2017, and are expected to retain its growth in the near future.

Roundwood (Non-Coniferous) Imports by Country into Nigeria

In 2017, China (X cubic meters) represented the main importer for roundwood (non-coniferous), making up X% of total imports. India (X cubic meters) took a X% share (based on tons) of total imports, which put it in second place, followed by Finland (X%) and Canada (X%). The following importers - Austria (X cubic meters), Sweden (X cubic meters), Vietnam (X cubic meters), Italy (X cubic meters), Portugal (X cubic meters), Spain (X cubic meters), Poland (X cubic meters) and Taiwan, Chinese (X cubic meters) together made up X% of total imports.

From 2007 to 2017, average annual rates of growth with regard to roundwood (non-coniferous) imports into China stood at -X%. At the same time, Portugal (+X%) and Vietnam (+X%) displayed positive paces of growth. Moreover, Portugal emerged as the fastest growing importer in the world, with a CAGR of +X% from 2007-2017. India and Austria experienced a relatively flat trend pattern. By contrast, Canada (-X%), Taiwan, Chinese (-X%), Poland (-X%), Spain (-X%), Italy (-X%), Sweden (-X%) and Finland (-X%) illustrated a downward trend over the same period. China (X%), Finland (X%), Sweden (X%), Italy (X%) and Spain (X%) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported roundwood (non-coniferous) into Nigeria, making up X% of global imports. The second position in the ranking was occupied by India ($X), with a X% share of global imports. It was followed by Vietnam, with a X% share.

In China, roundwood (non-coniferous) imports decreased by an average annual rate of -X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: India (+X% per year) and Vietnam (+X% per year).

Roundwood (Non-Coniferous) Import Prices by Country in Nigeria

In 2017, the roundwood (non-coniferous) import price in Nigeria amounted to $X per cubic meter, growing by X% against the previous year. In general, roundwood (non-coniferous) import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015, an increase of X% against the previous year. Over the period under review, the import prices for roundwood (non-coniferous) reached its maximum level of $X per cubic meter in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Vietnam ($X per cubic meter), while Poland ($X per cubic meter) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Vietnam (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform