Nigeria - Wood Chips and Particles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNigeria: Market for Wood Chips And Particles 2024
Market Size for Wood Chips And Particles in Nigeria
The Nigerien wood chips and particles market rose to $X in 2022, growing by X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Wood chips and particles consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.
Production of Wood Chips And Particles in Nigeria
In value terms, wood chips and particles production rose modestly to $X in 2022 estimated in export price. Overall, the total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.
Exports of Wood Chips And Particles
Exports from Nigeria
In 2022, approx. X cubic meters of wood chips and particles were exported from Nigeria; waning by X% compared with 2021. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at X cubic meters in 2015; however, from 2016 to 2022, the exports failed to regain momentum.
In value terms, wood chips and particles exports rose sharply to $X in 2022. Over the period under review, exports showed a slight decrease. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.
Exports by Country
Belgium (X cubic meters) was the main destination for wood chips and particles exports from Nigeria, accounting for a X% share of total exports. Moreover, wood chips and particles exports to Belgium exceeded the volume sent to the second major destination, China (X cubic meters), fourfold. The third position in this ranking was taken by Italy (X cubic meters), with an X% share.
From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Italy (X% per year).
In value terms, Italy ($X) remains the key foreign market for wood chips and particles exports from Nigeria, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.
From 2012 to 2022, the average annual growth rate of value to Italy stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Belgium (X% per year).
Export Prices by Country
The average wood chips and particles export price stood at $X per cubic meter in 2022, with an increase of X% against the previous year. In general, the export price, however, showed a slight contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. The export price peaked at $X per cubic meter in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per cubic meter), while the average price for exports to Germany ($X per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wood Chips And Particles
Imports into Nigeria
After two years of growth, purchases abroad of wood chips and particles decreased by X% to X cubic meters in 2022. Over the period under review, imports continue to indicate a precipitous curtailment. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X cubic meters. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, wood chips and particles imports contracted significantly to $X in 2022. Overall, imports saw a precipitous shrinkage. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.
Imports by Country
In 2022, China (X cubic meters) was the main supplier of wood chips and particles to Nigeria, with a X% share of total imports. It was followed by Germany (X cubic meters), with a X% share of total imports.
From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%.
In value terms, China ($X) constituted the largest supplier of wood chips and particles to Nigeria, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports.
From 2012 to 2022, the average annual growth rate of value from China totaled X%.
Import Prices by Country
The average wood chips and particles import price stood at $X per cubic meter in 2022, with a decrease of X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X%. As a result, import price attained the peak level of $X per cubic meter. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per cubic meter), while the price for China amounted to $X per cubic meter.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for wood chips and particles 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 1619 - Wood chips and particles
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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