Africa: Market for Wood Chips And Particles 2024

Market Size for Wood Chips And Particles in Africa

The African wood chips and particles market totaled $X in 2022, with an increase of 1.9% against the previous year. The total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.0% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Wood Chips And Particles in Africa

In value terms, wood chips and particles production stood at $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 8.2% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Wood Chips And Particles

Exports in Africa

In 2022, overseas shipments of wood chips and particles increased by 15% to X cubic meters, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 41% against the previous year. Over the period under review, the exports attained the maximum at X cubic meters in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, wood chips and particles exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 40%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

South Africa prevails in exports structure, recording X cubic meters, which was near 91% of total exports in 2022. The following exporters - Mozambique (X cubic meters), Swaziland (X cubic meters) and Gambia (X cubic meters) - together made up 7.6% of total exports.

From 2012 to 2022, average annual rates of growth with regard to wood chips and particles exports from South Africa stood at +3.8%. At the same time, Mozambique (+33.4%) and Swaziland (+27.7%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing exporter exported in Africa, with a CAGR of +33.4% from 2012-2022. By contrast, Gambia (-3.4%) illustrated a downward trend over the same period. South Africa (+14 p.p.), Mozambique (+3.4 p.p.) and Swaziland (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest wood chips and particles supplier in Africa, comprising 95% of total exports. The second position in the ranking was held by Mozambique ($X), with a 1.2% share of total exports. It was followed by Gambia, with a 0.7% share.

In South Africa, wood chips and particles exports increased at an average annual rate of +3.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Mozambique (+11.1% per year) and Gambia (-10.4% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per cubic meter, rising by 3.4% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 11% against the previous year. Over the period under review, the export prices reached the peak figure at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per cubic meter), while Swaziland ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Swaziland (+2.0%), while the other leaders experienced a decline in the export price figures.

Imports of Wood Chips And Particles

Imports in Africa

In 2022, overseas purchases of wood chips and particles were finally on the rise to reach X cubic meters for the first time since 2019, thus ending a two-year declining trend. Overall, imports enjoyed moderate growth. The most prominent rate of growth was recorded in 2018 when imports increased by 209%. The volume of import peaked at X cubic meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, wood chips and particles imports fell to $X in 2022. Over the period under review, imports, however, showed a deep slump. The growth pace was the most rapid in 2017 with an increase of 64%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the one major importers of wood chips and particles, namely South Africa, represented more than two-thirds of total import.

South Africa was also the fastest-growing in terms of the wood chips and particles imports, with a CAGR of +30.7% from 2012 to 2022. From 2012 to 2022, the share of South Africa increased by +84 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported wood chips and particles in Africa.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at +4.5%.

Import Prices by Country

The import price in Africa stood at $X per cubic meter in 2022, declining by -17.2% against the previous year. Overall, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 an increase of 122%. The level of import peaked at $X per cubic meter in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to -20.0% per year.

Source: IndexBox Platform

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