Cost of Timber on the Rise!

Timber

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.


Related Article

  1. LATEST BUILDING MATERIALS PRICES COMPARISON OF PRICES FROM JULY 2016 – OCTOBER 2016


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

 

White Plywood

¾ x 4 x 8 – 4mm thick

no 7,000.00 7,100.00 100.00
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
Marine plywood/no no 8,500.00 9,500.00 1,000.00
MDF Board size 2400mm x 1200mm – 3/4 no 13,500.00 13,500.00 0.00

 

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