Price for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Nigeria - 2023
Contents:
- Price for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Nigeria (CIF) - 2022
- Imports of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Nigeria
Price for Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Nigeria (CIF) - 2022
In 2022, the average import price for medium density fibreboard (MDF) of thickness under 5 mm amounted to $448 per cubic meter, jumping by 30% against the previous year. In general, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for medium density fibreboard (MDF) of thickness under 5 mm increased by +82.8% against 2019 indices. Over the period under review, average import prices attained the maximum at $466 per cubic meter in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($742 per cubic meter), while the price for Brazil ($169 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Nigeria
In 2022, supplies from abroad of medium density fibreboard (MDF) of thickness under 5 mm decreased by -19.9% to 6.8K cubic meters, falling for the second consecutive year after two years of growth. Overall, imports recorded a dramatic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 22% against the previous year. As a result, imports reached the peak of 42K cubic meters. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of medium density fibreboard (MDF) of thickness under 5 mm reached $3.1M in 2022. Over the period under review, imports saw a sharp downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 39% against the previous year. As a result, imports attained the peak of $12M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 228 | 405 | 456 | 671 | 43.3% |
| China | 3,394 | 3,269 | 592 | 480 | -47.9% |
| Hong Kong SAR | 110 | 154 | 155 | 178 | 17.4% |
| Brazil | 376 | 337 | 197 | 139 | -28.2% |
| Poland | 157 | 203 | 30.1 | 113 | -10.4% |
| Thailand | 141 | 529 | 68.2 | 42.3 | -33.1% |
| Greece | 25.6 | 35.9 | 36.1 | 41.4 | 17.4% |
| Argentina | N/A | 355 | N/A | N/A | 0% |
| Others | 4,043 | 6,485 | 1,413 | 1,402 | -29.7% |
| Total | 8,474 | 11,774 | 2,947 | 3,066 | -28.7% |
Top Suppliers of Medium Density Fibreboard (MDF) of Thickness Under 5 Mm to Nigeria in 2022:
- Turkey (1337.0 cubic meters)
- Brazil (828.0 cubic meters)
- China (647.0 cubic meters)
- Poland (501.0 cubic meters)
- Hong Kong SAR (262.0 cubic meters)
- Thailand (96.0 cubic meters)
- Greece (90.0 cubic meters)
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