| Product Code: ETC8638651 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Nigeria continued to import wood-based panels primarily from Turkey, Romania, South Africa, Gabon, and Slovenia. Despite a slight growth in the CAGR from 2020 to 2024 at 0.85%, the market experienced a significant decline in growth rate from 2023 to 2024 at -26.5%. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting potential challenges for new entrants. Stakeholders should closely monitor market trends and competition dynamics to make informed business decisions in the Nigerian wood-based panel import sector.

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 Wood Based Panel Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Wood Based Panel Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Wood Based Panel Market - Industry Life Cycle |
3.4 Nigeria Wood Based Panel Market - Porter's Five Forces |
3.5 Nigeria Wood Based Panel Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Nigeria Wood Based Panel Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Wood Based Panel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for sustainable and eco-friendly building materials |
4.2.2 Growth in the construction and real estate sectors in Nigeria |
4.2.3 Rising urbanization and population growth leading to higher demand for housing |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials such as timber |
4.3.2 Challenges in the supply chain and logistics, including transportation and storage issues |
4.3.3 Competition from alternative materials like steel, concrete, and plastic |
5 Nigeria Wood Based Panel Market Trends |
6 Nigeria Wood Based Panel Market, By Types |
6.1 Nigeria Wood Based Panel Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Wood Based Panel Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Nigeria Wood Based Panel Market Revenues & Volume, By Medium density fiberboard (MDF), 2021- 2031F |
6.1.4 Nigeria Wood Based Panel Market Revenues & Volume, By High density fiberboard (HDF), 2021- 2031F |
6.1.5 Nigeria Wood Based Panel Market Revenues & Volume, By Particleboard, 2021- 2031F |
6.1.6 Nigeria Wood Based Panel Market Revenues & Volume, By Oriented Strand Board (OSB), 2021- 2031F |
6.1.7 Nigeria Wood Based Panel Market Revenues & Volume, By Softboard, 2021- 2031F |
6.1.8 Nigeria Wood Based Panel Market Revenues & Volume, By Hardboard, 2021- 2031F |
6.2 Nigeria Wood Based Panel Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Wood Based Panel Market Revenues & Volume, By Furniture, 2021- 2031F |
6.2.3 Nigeria Wood Based Panel Market Revenues & Volume, By Construction, 2021- 2031F |
6.2.4 Nigeria Wood Based Panel Market Revenues & Volume, By Packaging, 2021- 2031F |
7 Nigeria Wood Based Panel Market Import-Export Trade Statistics |
7.1 Nigeria Wood Based Panel Market Export to Major Countries |
7.2 Nigeria Wood Based Panel Market Imports from Major Countries |
8 Nigeria Wood Based Panel Market Key Performance Indicators |
8.1 Average selling price of wood-based panels in Nigeria |
8.2 Import/export volume of wood-based panels in Nigeria |
8.3 Number of new construction projects utilizing wood-based panels |
8.4 Adoption rate of wood-based panels in commercial and residential buildings |
8.5 Investment in research and development for new wood-based panel technologies |
9 Nigeria Wood Based Panel Market - Opportunity Assessment |
9.1 Nigeria Wood Based Panel Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Nigeria Wood Based Panel Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Wood Based Panel Market - Competitive Landscape |
10.1 Nigeria Wood Based Panel Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Wood Based Panel Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |