Africa: Market for Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) 2024

Market Size for Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) in Africa

After five years of growth, the African market for particle board and similar board of ligneous materials (excluding wood) decreased by -1.4% to $X in 2021. Over the period under review, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) in Africa

In value terms, production of particle board and similar board of ligneous materials (excluding wood) shrank modestly to $X in 2021 estimated in export price. Overall, production recorded a mild decrease. The most prominent rate of growth was recorded in 2018 with an increase of 16% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood)

Exports in Africa

In 2021, shipments abroad of particle board and similar board of ligneous materials (excluding wood) was finally on the rise to reach X cubic meters for the first time since 2016, thus ending a four-year declining trend. Overall, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 62% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2017 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of particle board and similar board of ligneous materials (excluding wood) soared to $X in 2021. In general, exports, however, continue to indicate a abrupt curtailment. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

South Africa dominates wood) structure, amounting to X cubic meters, which was approx. 84% of total exports in 2021. It was distantly followed by Zambia (X cubic meters) and Nigeria (X cubic meters), together making up a 13% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to board of bagasse, bamboo or other particles exports from South Africa stood at -2.4%. Nigeria (-2.3%) and Zambia (-5.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of South Africa increased by +21 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest board of bagasse, bamboo or other particles supplier in Africa, comprising 88% of total exports. The second position in the ranking was held by Zambia ($X), with a 5.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value in South Africa stood at -2.9%. In the other countries, the average annual rates were as follows: Zambia (-11.8% per year) and Nigeria (-0.2% per year).

Export Prices by Country

In 2021, the export price in Africa amounted to $X per cubic meter, picking up by 30% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 34% against the previous year. As a result, the export price reached the peak level of $X per cubic meter. From 2015 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was South Africa ($X per cubic meter), while Zambia ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+2.1%), while the other leaders experienced a decline in the export price figures.

Imports of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood)

Imports in Africa

In 2021, imports of particle board and similar board of ligneous materials (excluding wood) in Africa surged to X cubic meters, rising by 71% on 2020. Total imports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of particle board and similar board of ligneous materials (excluding wood) surged to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Egypt represented the major importer of particle board and similar board of ligneous materials (excluding wood) in Africa, with the volume of imports recording X cubic meters, which was near 32% of total imports in 2021. Botswana (X cubic meters) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by Nigeria (11%), Kenya (8%) and Lesotho (5.1%). Djibouti (X cubic meters), Zimbabwe (X cubic meters), Namibia (X cubic meters), Morocco (X cubic meters), Algeria (X cubic meters) and Ethiopia (X cubic meters) took a minor share of total imports.

Egypt was also the fastest-growing in terms of the particle board and similar board of ligneous materials (excluding wood) imports, with a CAGR of +69.9% from 2012 to 2021. At the same time, Kenya (+45.5%), Djibouti (+38.9%), Nigeria (+12.5%), Botswana (+11.5%) and Lesotho (+9.2%) displayed positive paces of growth. By contrast, Zimbabwe (-6.2%), Algeria (-8.7%), Ethiopia (-11.5%), Namibia (-15.6%) and Morocco (-19.8%) illustrated a downward trend over the same period. Egypt (+32 p.p.), Botswana (+8.3 p.p.), Kenya (+7.7 p.p.), Nigeria (+6.6 p.p.), Djibouti (+3.1 p.p.) and Lesotho (+2.5 p.p.) significantly strengthened its position in terms of the total imports, while Zimbabwe, Algeria, Ethiopia, Namibia and Morocco saw its share reduced by -3.1%, -3.2%, -3.7%, -10.5% and -16.8% from 2012 to 2021, respectively.

In value terms, Egypt ($X) constitutes the largest market for imported particle board and similar board of ligneous materials (excluding wood) in Africa, comprising 31% of total imports. The second position in the ranking was taken by Nigeria ($X), with an 11% share of total imports. It was followed by Botswana, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Egypt amounted to +67.3%. In the other countries, the average annual rates were as follows: Nigeria (+15.2% per year) and Botswana (+7.1% per year).

Import Prices by Country

The import price in Africa stood at $X per cubic meter in 2021, falling by -3.4% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the import price increased by 9.7%. Over the period under review, import prices reached the peak figure at $X per cubic meter in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Algeria ($X per cubic meter), while Kenya ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Algeria (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :