Africa: Pine Wood Market 2020

Pine Wood Market Size in Africa

The revenue of the pine wood market in Africa amounted to $X in 2017, growing by X% against the previous year. The market value increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. The growth pace was the most rapid in 2017, with an increase of X% against the previous year. In that year, the pine wood market attained their peak level, and is likely to continue its growth in the immediate term.

Pine Wood Production in Africa

In 2017, approx. X cubic meters of pine wood were produced in Africa; remaining constant against the previous year. The pine wood production continues to indicate a mild increase. The most prominent rate of growth was recorded in 2016, when the output figure increased by X% against the previous year. Over the period under review, the pine wood production attained its maximum volume in 2017, and is expected to retain its growth in the immediate term.

Pine Wood Exports in Africa

In 2017, the amount of pine wood exported in Africa amounted to X cubic meters, flattening at the previous year. The pine wood exports continue to indicate a mild drop. The most prominent rate of growth was recorded in 2014, when exports increased by X% against the previous year. The volume of exports peaked of X cubic meters in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, pine wood exports totaled $X in 2017. The pine wood exports continue to indicate a relatively flat trend pattern. Over the period under review, the pine wood exports attained its maximum level in 2017, and are expected to retain its growth in the near future.

Pine Wood Exports by Country in Africa

Ghana represented the key exporter of pine wood in Africa, with the volume of exports accounting for X cubic meters, which was near X% of total exports in 2017. South Africa (X cubic meters) took a X% share (based on tons) of total exports, which put it in second place, followed by Zimbabwe (X%), Mozambique (X%), Sierra Leone (X%) and Zambia (X%). Madagascar (X cubic meters) followed a long way behind the leaders.

Exports from Ghana increased at an average annual rate of +X% from 2007 to 2017. At the same time, Sierra Leone (+X%), Mozambique (+X%) and Zambia (+X%) displayed positive paces of growth. Moreover, Sierra Leone emerged as the fastest growing exporter in Africa, with a CAGR of +X% from 2007-2017. By contrast, Zimbabwe (-X%), South Africa (-X%) and Madagascar (-X%) illustrated a downward trend over the same period. South Africa (X%), Zimbabwe (X%) and Madagascar (X%) significantly strengthened its position in terms of the global exports, while Zambia, Sierra Leone, Mozambique and Ghana saw its share reduced by -X%, -X%, -X% and -X% from 2007 to 2017, respectively.

In value terms, Ghana ($X) remains the largest pine wood supplier in Africa, making up X% of global exports. The second position in the ranking was occupied by South Africa ($X), with a X% share of global exports. It was followed by Mozambique, with a X% share.

In Ghana, pine wood exports increased at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: South Africa (-X% per year) and Mozambique (+X% per year).

Pine Wood Export Prices by Country in Africa

The pine wood export price in Africa stood at $X per cubic meter in 2017, coming up by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2017, an increase of X% year-to-year. In that year, the export prices for pine wood attained their peak level, and is likely to continue its growth in the immediate term.

Export prices varied noticeably by the country of destination; the country with the highest export price was Ghana ($X per cubic meter), while Zimbabwe ($X per cubic meter) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Zambia (-X% per year), while the other leaders experienced a decline in the export price figures.

Pine Wood Imports in Africa

In 2017, approx. X cubic meters of pine wood were imported in Africa; coming up by X% against the previous year. The total imports indicated a strong growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2017, with an increase of X% y-o-y. In that year, the pine wood imports attained their peak volume, and are likely to continue its growth in the immediate term.

In value terms, pine wood imports stood at $X in 2017. The pine wood imports continue to indicate a relatively flat trend pattern. In that year, the pine wood imports attained their peak level of $X. From 2015 to 2017, growth of the pine wood imports failed to regain its momentum.

Pine Wood Imports by Country in Africa

In 2017, Egypt (X cubic meters) was the major importer for pine wood, achieving X% of total imports. Algeria (X cubic meters) occupied the second position in the ranking, distantly followed by Morocco (X cubic meters). All these countries together held near X% share of total imports. Tunisia (X cubic meters) held the slight share of total imports.

From 2007 to 2017, average annual rates of growth with regard to pine wood imports into Egypt stood at +X%. At the same time, Algeria (+X%) and Tunisia (+X%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest growing importer in Africa, with a CAGR of +X% from 2007-2017. By contrast, Morocco (-X%) illustrated a downward trend over the same period. While the share of Morocco (X%) increased significantly in terms of the global imports from 2007-2017, the share of Algeria (-X%) and Egypt (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X), Algeria ($X) and Morocco ($X) constituted the countries with the highest levels of imports in 2017, together accounting for X% of total imports.

Algeria (+X% per year) experienced the highest rates of growth with regard to imports, in terms of the main importing countries over the last decade, while the other leaders experienced mixed trends in the imports figures.

Pine Wood Import Prices by Country in Africa

In 2017, the pine wood import price in Africa amounted to $X per cubic meter, waning by -X% against the previous year. The pine wood import price continues to indicate an abrupt downturn. The most prominent rate of growth was recorded in 2014, an increase of X% y-o-y. Over the period under review, the import prices for pine wood reached its peak figure level of $X per cubic meter in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Morocco ($X per cubic meter), while Egypt ($X per cubic meter) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Morocco (-X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform