Price for Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in Nigeria - 2023
Contents:
- Price for Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in Nigeria (CIF) - 2022
- Price for Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in Nigeria (FOB) - 2022
- Imports of Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in Nigeria
- Exports of Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in Nigeria
Price for Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in Nigeria (CIF) - 2022
In 2022, the average import price for wood; assembled flooring panels, other than multilayer or mosaic amounted to $770 per ton, waning by -7% against the previous year. Overall, the import price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 17% against the previous year. Over the period under review, average import prices hit record highs at $2,557 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
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 Portugal ($7,664 per ton), while the price for the United Arab Emirates ($378 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+9.4%), while the prices for the other major suppliers experienced a decline.
Price for Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in Nigeria (FOB) - 2022
In 2022, the average export price for wood; assembled flooring panels, other than multilayer or mosaic amounted to $741 per ton, declining by -22% against the previous year. Over the period under review, the export price saw a pronounced decline. The growth pace was the most rapid in 2015 an increase of 72%. As a result, the export price attained the peak level of $3,484 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($988 per ton), while the average price for exports to Niger amounted to $524 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (-1.0%), while the prices for the other major destinations experienced a decline.
Imports of Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in Nigeria
In 2022, imports of wood; assembled flooring panels, other than multilayer or mosaic into Nigeria totaled 316 tons, therefore, remained relatively stable against 2021. Overall, total imports indicated a noticeable expansion from 2019 to 2022: its volume increased at an average annual rate of +3.8% 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 +75.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 73% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, imports of wood; assembled flooring panels, other than multilayer or mosaic contracted to $244K in 2022. Over the period under review, imports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 13% against the previous year.
| Import of Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 109 | 64.4 | 15.1 | 57.9 | -19.0% |
| China | 70.6 | 27.9 | 36.3 | 38.8 | -18.1% |
| Netherlands | 18.7 | 0.8 | 45.6 | 28.1 | 14.5% |
| Italy | 7.5 | 13.5 | 27.2 | 16.8 | 30.8% |
| United Arab Emirates | 14.3 | 10.4 | 7.3 | 9.2 | -13.7% |
| Malaysia | 17.3 | 15.5 | 18.2 | 9.1 | -19.3% |
| United States | 1.1 | 7.4 | 10.8 | 6.7 | 82.6% |
| Others | 67.6 | 89.0 | 97.7 | 76.9 | 4.4% |
| Total | 306 | 229 | 258 | 244 | -7.3% |
Top Suppliers of Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic to Nigeria in 2022:
- China (101.0 tons)
- Netherlands (55.6 tons)
- Italy (29.4 tons)
- Israel (27.1 tons)
- United Arab Emirates (24.5 tons)
- Malaysia (20.4 tons)
- United States (15.7 tons)
Exports of Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in Nigeria
In 2022, the amount of wood; assembled flooring panels, other than multilayer or mosaic exported from Nigeria skyrocketed to 928 kg, rising by 28% compared with the previous year's figure. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 185% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of wood; assembled flooring panels, other than multilayer or mosaic shrank slightly to $688 in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 141% against the previous year.
| Export of Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 241 | 377 | 490 | 430 | 21.3% |
| Niger | 45.0 | 103 | 199 | 258 | 79.0% |
| Benin | N/A | 13.0 | N/A | N/A | 0% |
| Lebanon | N/A | 194 | N/A | N/A | 0% |
| Others | N/A | 1.0 | N/A | N/A | 0% |
| Total | 286 | 688 | 689 | 688 | 34.0% |
Top Export Markets for Wood; Assembled Flooring Panels, Other than Multilayer or Mosaic from Nigeria in 2022:
- Niger (493.0 kg)
- Italy (435.0 kg)
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