| Product Code: ETC8628424 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Nigeria continued to rely heavily on log imports, with top exporters including Belgium, China, Hong Kong, Italy, and Spain. The market showed a very high concentration level, indicating limited diversification. The compound annual growth rate (CAGR) from 2020 to 2024 was notably negative at -53.63%, while the growth rate from 2023 to 2024 experienced a sharp decline of -93.47%. These trends suggest challenges and fluctuations in the Nigerian logs import market, highlighting the need for strategic planning and adaptation to changing dynamics.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Logs Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Logs Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Logs Market - Industry Life Cycle |
3.4 Nigeria Logs Market - Porter's Five Forces |
3.5 Nigeria Logs Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Logs Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Logs Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for timber and wood products in construction and furniture industries |
4.2.2 Growth in urbanization leading to higher demand for wood products |
4.2.3 Government initiatives promoting sustainable forestry practices |
4.3 Market Restraints |
4.3.1 Deforestation and illegal logging practices leading to environmental concerns |
4.3.2 Fluctuating raw material prices impacting profitability |
4.3.3 Competition from alternative materials like steel and plastic in construction and furniture industries |
5 Nigeria Logs Market Trends |
6 Nigeria Logs Market, By Types |
6.1 Nigeria Logs Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Logs Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Nigeria Logs Market Revenues & Volume, By Hardwood, 2021- 2031F |
6.1.4 Nigeria Logs Market Revenues & Volume, By Softwood, 2021- 2031F |
6.2 Nigeria Logs Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Logs Market Revenues & Volume, By Building & Construction, 2021- 2031F |
6.2.3 Nigeria Logs Market Revenues & Volume, By Furniture, 2021- 2031F |
6.2.4 Nigeria Logs Market Revenues & Volume, By Flooring, 2021- 2031F |
6.2.5 Nigeria Logs Market Revenues & Volume, By Packaging, 2021- 2031F |
6.2.6 Nigeria Logs Market Revenues & Volume, By Others, 2021- 2031F |
7 Nigeria Logs Market Import-Export Trade Statistics |
7.1 Nigeria Logs Market Export to Major Countries |
7.2 Nigeria Logs Market Imports from Major Countries |
8 Nigeria Logs Market Key Performance Indicators |
8.1 Average selling price of logs in the market |
8.2 Percentage of certified sustainable logs sourced by market players |
8.3 Number of new construction projects using timber as a primary material |
9 Nigeria Logs Market - Opportunity Assessment |
9.1 Nigeria Logs Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Logs Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Logs Market - Competitive Landscape |
10.1 Nigeria Logs Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Logs Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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