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Report Nigeria - Veneer Sheets and Sheets for Plywood and Other Wood Sawn Lengthwise - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Feb 1, 2025

Nigeria - Veneer Sheets and Sheets for Plywood and Other Wood Sawn Lengthwise - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Veneer Sheet Market 2025

Veneer Sheet Exports

Exports from Nigeria

In 2022, shipments abroad of veneer sheets and sheets for plywood and other wood sawn lengthwise decreased by -55.5% to X square meters for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, showed temperate growth. The growth pace was the most rapid in 2017 when exports increased by 12,136% against the previous year. As a result, the exports attained the peak of X square meters. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, veneer sheet exports expanded remarkably to $X in 2022. Over the period under review, exports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2017 when exports increased by 6,531%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X square meters), Benin (X square meters) and Turkey (X square meters) were the main destinations of veneer sheet exports from Nigeria, together accounting for 92% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +72.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and Benin ($X) appeared to be the largest markets for veneer sheet exported from Nigeria worldwide, together comprising 42% of total exports.

Among the main countries of destination, China, with a CAGR of +40.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average veneer sheet export price amounted to $X per square meter, surging by 157% against the previous year. In general, the export price saw a strong increase. The export price peaked at $X per square meter in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per square meter), while the average price for exports to Benin ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+1.4%), while the prices for the other major destinations experienced a decline.

Veneer Sheet Imports

Imports into Nigeria

In 2022, purchases abroad of veneer sheets and sheets for plywood and other wood sawn lengthwise decreased by -9.9% to X square meters, falling for the second consecutive year after four years of growth. Overall, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 601% against the previous year. As a result, imports attained the peak of X square meters. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, veneer sheet imports soared to $X in 2022. In general, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 477% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X square meters) was the main veneer sheet supplier to Nigeria, accounting for a 98% share of total imports. It was followed by Romania (X square meters), with a 1.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +208.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+130.0% per year) and Ghana (-14.2% per year).

In value terms, China ($X) constituted the largest supplier of veneer sheets and sheets for plywood and other wood sawn lengthwise to Nigeria, comprising 97% of total imports. The second position in the ranking was taken by Romania ($X), with a 2% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +196.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+157.2% per year) and Ghana (-29.1% per year).

Import Prices by Country

The average veneer sheet import price stood at $X per square meter in 2022, rising by 46% against the previous year. Overall, the import price, however, showed a deep contraction. The growth pace was the most rapid in 2016 an increase of 59%. The import price peaked at $X per square meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Romania ($X per square meter), while the price for Ghana ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+11.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 43% share of global consumption. Russia, Indonesia, Japan, Brazil, Ethiopia, Turkey, France, Italy, Taiwan Chinese) and Spain lagged somewhat behind, together comprising a further 25%.
China remains the largest veneer sheet producing country worldwide, accounting for 27% of total volume. Moreover, veneer sheet production in China exceeded the figures recorded by the second-largest producer, Russia, twofold. The United States ranked third in terms of total production with a 9.9% share.
In value terms, Italy constituted the largest supplier of veneer sheet to Nigeria, comprising 63% of total imports. The second position in the ranking was occupied by Germany, with a 19% share of total imports. It was followed by the UK, with a 17% share.
In value terms, Benin remains the key foreign market for veneer sheet exports from Nigeria.
In 2021, the average veneer sheet export price amounted to $2.4 per square meter, growing by 15% against the previous year.
The average veneer sheet import price stood at $7 per square meter in 2021, jumping by 402% against the previous year.

This report provides an in-depth analysis of the veneer sheet 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:

  • Prodcom 16212113 - Veneer sheets, sheets for plywood and other wood sawn lengthwise, sliced/peeled, thickness . 6 mm and end-jointed, p laned/sanded/small boards for the manufacture of pencils
  • Prodcom 16212118 - Coniferous and tropical wood veneer sheets and sheets for plywood, sawn lengthwise, sliced or peeled, of a thickness . 6 mm excluding end-jointed, planed or sanded

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    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, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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