Report Update Feb 1, 2025

Nigeria - Wood Residues, Pellets and Other Agglomerates - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Market for Wood Residues, Pellets And Other Agglomerates 2025

Market Size for Wood Residues, Pellets And Other Agglomerates in Nigeria

For the third year in a row, the Nigerien market for wood residues, pellets and other agglomerates recorded decline in sales value, which decreased by -21.2% to $X in 2021. In general, consumption faced a abrupt descent. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Wood Residues, Pellets And Other Agglomerates in Nigeria

In value terms, production of wood residues, pellets and other agglomerates reduced slightly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2013 when the production volume increased by 62% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production of growth failed to regain momentum.

Exports of Wood Residues, Pellets And Other Agglomerates

Exports from Nigeria

For the third year in a row, Nigeria recorded growth in overseas shipments of wood residues, pellets and other agglomerates, which increased by 82% to X cubic meters in 2021. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 5,100%. Over the period under review, the exports of attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, exports of wood residues, pellets and other agglomerates surged to $X in 2021. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 1,919%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Portugal (X cubic meters) was the main destination for exports of wood residues, pellets and other agglomerates from Nigeria, with a 48% share of total exports. Moreover, exports of wood residues, pellets and other agglomerates to Portugal exceeded the volume sent to the second major destination, the UK (X cubic meters), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Portugal totaled +48.0%.

In value terms, Portugal ($X) remains the key foreign market for wood residues, pellets and other agglomerates exports from Nigeria, comprising 45% of total exports. The second position in the ranking was taken by the UK ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Portugal totaled +60.9%.

Export Prices by Country

In 2021, the average export price for wood residues, pellets and other agglomerates amounted to $X per cubic meter, surging by 13% against the previous year. Over the period under review, the export price, however, saw a deep setback. The most prominent rate of growth was recorded in 2013 when the average export price increased by 126% against the previous year. As a result, the export price attained the peak level of $X per cubic meter. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per cubic meter), while the average price for exports to Portugal amounted to $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+8.6%).

Imports of Wood Residues, Pellets And Other Agglomerates

Imports into Nigeria

After two years of growth, overseas purchases of wood residues, pellets and other agglomerates decreased by -40% to X cubic meters in 2021. Over the period under review, imports showed a noticeable slump. The growth pace was the most rapid in 2017 when imports increased by 941% against the previous year. As a result, imports attained the peak of X cubic meters. From 2018 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of wood residues, pellets and other agglomerates contracted notably to $X in 2021. Overall, imports recorded a perceptible decline. The most prominent rate of growth was recorded in 2017 with an increase of 824%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X cubic meters) was the main wood residues, pellets and other agglomerates supplier to Nigeria, with a approx. 99% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +36.7%.

In value terms, China ($X) constituted the largest supplier of wood residues, pellets and other agglomerates to Nigeria.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +85.5%.

Import Prices by Country

The average import price for wood residues, pellets and other agglomerates stood at $X per cubic meter in 2021, picking up by 6.6% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 123%. As a result, import price reached the peak level of $X per cubic meter. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to +125.9% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wood residues, pellets and other agglomerates in the world?

The UK constituted the country with the largest volume of consumption of wood residues, pellets and other agglomerates, accounting for 18% of total volume. Moreover, consumption of wood residues, pellets and other agglomerates in the UK exceeded the figures recorded by the second-largest consumer, South Korea, threefold. The U.S. ranked third in terms of total consumption with a 5.7% share.

What are the largest producers of wood residues, pellets and other agglomerates in the world?

The U.S. remains the largest wood residues, pellets and other agglomerates producing country worldwide, comprising approx. 19% of total volume. Moreover, production of wood residues, pellets and other agglomerates in the U.S. exceeded the figures recorded by the second-largest producer, Vietnam, threefold. Canada ranked third in terms of total production with a 6.6% share.

What are the leading suppliers of wood residues, pellets and other agglomerates to Nigeria?

In value terms, China constituted the largest supplier of wood residues, pellets and other agglomerates to Nigeria, comprising 80% of total imports. The second position in the ranking was occupied by the U.S., with a 19% share of total imports.

What are the leading importers of wood residues, pellets and other agglomerates from Nigeria?

In value terms, Portugal remains the key foreign market for wood residues, pellets and other agglomerates exports from Nigeria.

What is the average export price for wood residues, pellets and other agglomerates in Nigeria?

The average export price for wood residues, pellets and other agglomerates stood at $0.1 per cubic meter in 2020, shrinking by -1.8% against the previous year.

What is the average import price for wood residues, pellets and other agglomerates in Nigeria?

In 2020, the average import price for wood residues, pellets and other agglomerates amounted to $0.4 per cubic meter, jumping by 59% against the previous year.

This report provides an in-depth analysis of the market for wood residues, pellets and other agglomerates 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 1693 - Wood pellets
FCL 1694 - Other agglomerates
FCL 1620 - Wood residues

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 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
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