That Nigeria has a comparative advantage in the Agricultural sector is not in doubt but harnessing and developing these potentials has been the challenge. Of the less than 40% Agriculture contributes to the Gross Domestic Product {GDP} of the economy, forestry accounts for 3% only whereas out of the total landmass 92.4 million hectares of the country, 31.3 million hectares is covered by forest having over 490 tress whereas only about 100 are utilized.
The southern rainforest and southern middle belt areas of the country provides avenues for the provision of logs exploited on regulation by the various state Governments with checks on deforestation and afforestation programmes.
There are different kinds of wood available in Nigeria, irrespective of their location and usage. They include: Apa, Black,Afara, White Afara, Afromosia, Gmelina, Idigbo, Canarium, Okan, Antiaria, Lagos Mahogany, Berlinia, Ekki, Scented Guarea, Dry zone Mahogany, Camwood, Pterygote, Albizia, Alstonia, Makore, White sterculia, Owewe,Dist, Okwen, Obeche, Opepe, African Walnut, Mansonia, Teak, Ebony, Guarea, Iroko, Abura, Ogea, Pterocarpus, Erimado, Agba, Akpu, Danta, Celtis, walnut, etc.
Some of the states in Nigeria were woods can gotten include Ogun, Ondo, Osun, Ekiti, Edo, Cross River, Awka Ibom, Delata, Benue etc
Gmelina arborea, locally known as Gamhar, is a fast growing deciduous tree, occurring naturally throughout greater part of India at altitudes up to 1,500 meters. It also occurs naturally in Myanmar, Thailand, Laos, Cambodia, Vietnam, and in southern provinces of China, and has been planted extensively in Sierra Leone, Nigeria, Malaysia, and on experimental basis in other countries as well. It is also planted in gardens and avenues.
Gmelina arborea timber is reasonably strong for its weight. It is used in constructions, furniture, carriages, sports, musical instruments and artificial limbs. Once seasoned, it is a very steady timber and moderately resistant to decay and ranges from very resistant to moderately resistant to termites.
Its timber is highly esteemed for door and window panels, joinery and furniture especially for drawers, wardrobes, cupboards, kitchen and camp furniture, and musical instruments because of its lightweight, stability and durability. It is also used for bentwood articles. In boat building it is used for decking and for oars. Gmelina arborea is a popular timber for picture and slate frames, turnery articles and various types of brush backs, brush handles and toys also for handles of chisels, files, saws, screw drivers, sickles etc. The wood is also used for manufacturing tea chests and general purpose plywood, blackboards, frame core and cross bands of flushdoor shutters.
In the instrument industry gambhar timber is widely employed for the manufacture of drawing boards, plane tables, instrument boxes, thermometer scales and cheaper grade metric scales. It is also used in artificial limbs, carriages and bobbins. It is an approved timber for handles of tennis rackets, frames and reinforcements of carom boards and packing cases and crates. Gamhar is used in papermaking and matchwood industry too.
Export of a variety of processed hardwood products presents a very good opportunity for savvy investors desirous of earning good returns on investment.
Out of the 92.4 million hectare of land area, forest covers 31.3 million hectares. Out of about 490 utilizable tree species in the Nigerian forest, only about 100 are currently utilized.
Export market for processed wood is very vast and wide. Wood products are used in every facet of human life which includes homes, offices, industries, schools, farms, paper production, construction, furniture etc.
European countries import on the average about four million {4,000,000} cubic metres of hardwood products annually from tropical regions of the world.
The return on investment on the export of processed wood is estimated between 20%- 30% per container.
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At Foraminifera Market Research {www.foramfera.com}, we provide bespoke and up to date market research reports for beginners and exporters already in the commodity export market.
Our reports are designed to assist start-ups to understand the legal and financial requirements of starting the business, the market trends vis-a-vis demand and supply, competition, risk identification and mitigation strategies.
You can order our detailed feasibility report on exporting processed wood { Teak, Eki and Gmelina} in Nigeria by clicking on the link below.
Report Title: PROCESSED WOOD EXPORT IN NIGERIA; THE FEASIBILITY REPORT.
Report Code: FORA/010/2013/0600
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