Africa: Particle Board Market 2024

Particle Board Market Size in Africa

The African particle board market declined slightly to $X in 2022, shrinking by -4.7% against the previous year. The total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +77.4% against 2013 indices. The level of consumption peaked at $X in 2021, and then declined in the following year.

Particle Board Production in Africa

In value terms, particle board production stood at $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 29%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Particle Board Exports

Exports in Africa

In 2022, the amount of particle board exported in Africa reduced to X cubic meters, which is down by -8.2% compared with the year before. Total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 51%. The volume of export peaked at X cubic meters in 2021, and then declined in the following year.

In value terms, particle board exports dropped to $X in 2022. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 34% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa represented the major exporter of particle board in Africa, with the volume of exports resulting at X cubic meters, which was near 66% of total exports in 2022. It was distantly followed by Swaziland (X cubic meters), creating a 29% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to particle board exports from South Africa stood at +5.2%. At the same time, Swaziland (+16.7%) displayed positive paces of growth. Moreover, Swaziland emerged as the fastest-growing exporter exported in Africa, with a CAGR of +16.7% from 2012-2022. While the share of Swaziland (+19 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest particle board supplier in Africa, comprising 82% of total exports. The second position in the ranking was held by Swaziland ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa totaled +4.7%.

Export Prices by Country

The export price in Africa stood at $X per cubic meter in 2022, growing by 7.3% against the previous year. Overall, the export price, however, saw a pronounced downturn. The growth pace was the most rapid in 2014 an increase of 36% against the previous year. The level of export peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per cubic meter), while Swaziland amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-0.5%).

Particle Board Imports

Imports in Africa

In 2022, approx. X cubic meters of particle board were imported in Africa; which is down by -10.1% compared with 2021 figures. Over the period under review, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 33%. As a result, imports attained the peak of X cubic meters, and then reduced in the following year.

In value terms, particle board imports declined to $X in 2022. Overall, imports, however, saw strong growth. The growth pace was the most rapid in 2021 when imports increased by 51%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

Algeria was the main importing country with an import of about X cubic meters, which finished at 35% of total imports. Morocco (X cubic meters) took an 18% share (based on physical terms) of total imports, which put it in second place, followed by Libya (5.8%), South Africa (5.5%), Zimbabwe (5.5%) and Tunisia (4.6%). Kenya (X cubic meters), Egypt (X cubic meters), Mozambique (X cubic meters), Namibia (X cubic meters), Botswana (X cubic meters), Zambia (X cubic meters) and Ghana (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Ghana (with a CAGR of +36.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Algeria ($X), Morocco ($X) and Zimbabwe ($X) were the countries with the highest levels of imports in 2022, together comprising 52% of total imports.

Among the main importing countries, Morocco, with a CAGR of +36.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per cubic meter in 2022, remaining constant against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 13% against the previous year. 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.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Namibia ($X per cubic meter), while Algeria ($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 Botswana (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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