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Analysis of sales, costs and demands for timber species in selected timber markets of Plateau State, Nigeria Cover

Analysis of sales, costs and demands for timber species in selected timber markets of Plateau State, Nigeria

Open Access
|Dec 2023

Figures & Tables

Figure 1.

Schematic representation of design framework
Schematic representation of design framework

Figure 2.

Cost per timber species in surveyed markets of Plateau state, Nigeria
Cost per timber species in surveyed markets of Plateau state, Nigeria

Figure 3.

Timber sales of surveyed timber markets of Plateau State, Nigeria
Timber sales of surveyed timber markets of Plateau State, Nigeria

F-test statistics for timber sales and associated variables at α = 5% level of significance

ModelaSum of squaresdfMean squareFp-value
Regression612.1824153.045100.0720.000(b)++
Residual601.0373931.529
Total1213.219397

Response of timber sales to demand, cost, stored quantity and spoiled quantity of timber in selected timber markets of Plateau State

ModelaRR2Adjusted R2Std error of the estimate
10.710b0.5050.5001.237

Pairwise PPMC of cost per timber, demand, quantity of timber stored and quantity spoiled with timber sales in selected timber markets of Plateau State

PPMCCost per timberDemand for timberStored timber speciesSpoiled timber species
Timber sales0.3810.6340.5920.265

Demand for timber species by pieces demanded monthly in selected timber markets of Plateau State

Timber species1–100 pieces101–200 pieces201–300 pieces301–400 pieces401–500 piecesAbove 500 piecesTotal% demands from consumers
Khaya senegalensis (mahogany)3552437132917944.8
Triplochiton scleroxylon (obeche)12241510097017.5
Prunus avium (cherry)353001123.0
Milicia excels (iroko)574125246.0
Betula pendula (birch)01001241.0
Quercus robur (oak)20000461.5
Juglans regia (walnut)01000120.5
Cedrus deodara (cedar)01000010.3
Others514371133210225.5
Total62105102291983400100.0

t-test statistics of timber sales when associated with predictor variables

ModelaBStd errorBetatp-valueLower boundUpper bound
(constant)0.3460.193 1.7880.074 ++0.0340.725
Cost per timber0.1600.0550.1142.8980.004++0.0510.268
Demand for timber0.4130.0440.4079.3220.000++0.3260.500
Stored timber0.2870.0420.3076.8950.000++0.2050.369
Spoiledtimber0.0870.0400.0812.1770.030++0.0080.165
DOI: https://doi.org/10.2478/ffp-2023-0018 | Journal eISSN: 2199-5907 | Journal ISSN: 0071-6677
Language: English
Page range: 179 - 186
Submitted on: Jul 12, 2022
Accepted on: Aug 8, 2023
Published on: Dec 12, 2023
Published by: Forest Research Institute
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2023 Oludare Adedire, Yahaya Sadiku, Adedayo Stephen Popoola, Afolabi Ola Oladejo, Godfrey Chiabuotu Onuwa, Jacob Jepthah Mbah, Gbenga Kola Sikiru, published by Forest Research Institute
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.