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Nigeria - Casks, Barrels, Vats, Tubs, And Coopers Products Of Wood - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWood Barrel Price in Nigeria - 2022
Contents:
- Wood Barrel Price in Nigeria (CIF) - 2022
- Wood Barrel Price in Nigeria (FOB) - 2022
- Wood Barrel Imports in Nigeria
- Wood Barrel Exports in Nigeria
Wood Barrel Price in Nigeria (CIF) - 2022
The average wood barrel import price stood at $99 per unit in 2022, shrinking by -13.2% against the previous year. In general, the import price, however, showed a noticeable expansion. The growth pace was the most rapid in 2015 when the average import price increased by 150% against the previous year. The import price peaked at $114 per unit in 2021, and then shrank in the following year.
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 South Africa ($235 per unit), while the price for the United States ($86 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+29.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Wood Barrel Price in Nigeria (FOB) - 2022
In 2022, the average wood barrel export price amounted to $145 per unit, remaining constant against the previous year. In general, the export price enjoyed a significant increase. The pace of growth was the most pronounced in 2020 an increase of 0.1%. The export price peaked in 2022 and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Canada.
From 2014 to 2022, the rate of growth in terms of prices for Ghana amounted to 0.0% per year.
Wood Barrel Imports in Nigeria
In 2022, after three years of growth, there was significant decline in purchases abroad of casks, barrels, vats, tubs, and coopers products of wood, when their volume decreased by -6.7% to 28 units. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +15.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 33%. Imports peaked at 30 units in 2021, and then declined in the following year.
In value terms, wood barrel imports shrank rapidly to $2.8K in 2022. Overall, imports, however, showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 166% against the previous year. Over the period under review, imports reached the maximum at $3.5K in 2021, and then reduced sharply in the following year.
Import of Wood Barrel in Nigeria (USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 460 | 1,578 | 2,557 | 1,994 | 63.1% |
China | 182 | 360 | 504 | 294 | 17.3% |
United Kingdom | 6.0 | 25.0 | 76.0 | 206 | 225.0% |
Others | 157 | 177 | 337 | 313 | 25.9% |
Total | 805 | 2,140 | 3,474 | 2,807 | 51.6% |
Top Suppliers of Wood Barrel to Nigeria in 2022:
- United States (23.0 units)
- China (2.0 units)
- United Kingdom (1.0 units)
Wood Barrel Exports in Nigeria
In 2022, shipments abroad of casks, barrels, vats, tubs, and coopers products of wood decreased by 0% to 298 units, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 20% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.
In value terms, wood barrel exports totaled $43K in 2022. Overall, exports recorded a strong expansion. The growth pace was the most rapid in 2020 with an increase of 20%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
Export of Wood Barrel in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | N/A | N/A | N/A | 43.2 | 0% |
Benin | N/A | 39.3 | N/A | N/A | 0% |
Ghana | 32.7 | N/A | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 32.7 | 39.3 | N/A | 43.2 | 9.7% |
Top Export Markets for Wood Barrel from Nigeria in 2022:
- Canada (298.0 units)
This report provides an in-depth analysis of the wood barrel 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 16241200 - Casks, barrels, vats, tubs, and coopers products and parts thereof of wood (including staves)
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
This report provides an in-depth analysis of the wood barrel market in Nigeria.
This report provides an in-depth analysis of the market for wooden case and box in Nigeria.
This report provides an in-depth analysis of the global wood barrel market.
This report provides an in-depth analysis of the global market for wooden case and box.
This report provides an in-depth analysis of the wood barrel market in Nigeria.
This report provides an in-depth analysis of the global wood barrel market.
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