Cost of Timber on the Rise!
Our current survey of timber (at the famous Ebute Metta Timber market) shows that there has been a significant increase in the cost of hardwood. This is in spite of the fact that material is locally produced. The 2 x 6 x 12 length was particularly affected as prices doubled from N800 per length in July to N1,650. Other price increases ranged from
50% – 75%. The opposite was the case for White plywood, which showed its local content with prices remaining virtually unchanged except for Marine plywood which saw a N1,000 jump in price for the period under review.
|TIMBER – WORK||UNIT||JULY 2016||OCT 2016||DIFF (JULY 16 – OCT 16|
|(HARDWOOD – OKILOLO OR AKU)|
|2 x 6 x 12 per length||lgth||800.00||1,650.00||850.00|
|2 x 4 x 12 per length||lgth||450.00||800.00||350.00|
|2 x 3 x 12 per length||lgth||400.00||600.00||200.00|
|1 x 12 x 12 per length||lgth||1,600.00||1,800.00||200.00|
|3 x 4 x 12 per length||lgth||900.00||1,300.00||400.00|
|2X2X12 per length||lgth||250.00||450.00||200.00|
¾ x 4 x 8 – 4mm thick
|½ x 4 x 8 – 4 mm thick||no||5,500.00||5,600.00||100.00|
|White plywood board 1/4||no||2,500.00||2,500.00||0.00|
|MDF Board size 2400mm x 1200mm – 3/4||no||13,500.00||13,500.00||0.00|