Africa: Market for Saw Logs And Veneer Logs (Non-Coniferous) 2024

Market Size for Saw Logs And Veneer Logs (Non-Coniferous) in Africa

In 2022, after two years of growth, there was decline in the African market for saw logs and veneer logs (non-coniferous), when its value decreased by -0.3% to $X. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Saw Logs And Veneer Logs (Non-Coniferous) in Africa

In value terms, production of saw logs and veneer logs (non-coniferous) declined modestly to $X in 2022 estimated in export price. In general, production saw a noticeable downturn. The pace of growth appeared the most rapid in 2014 when the production volume increased by 23% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production of growth remained at a lower figure.

Exports of Saw Logs And Veneer Logs (Non-Coniferous)

Exports in Africa

Exports of saw logs and veneer logs (non-coniferous) contracted to X cubic meters in 2022, waning by -13.1% against the previous year's figure. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 25%. The volume of export peaked at X cubic meters in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, exports of saw logs and veneer logs (non-coniferous) fell to $X in 2022. Total exports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.8% 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 +14.1% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 36%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Cameroon (X cubic meters) and Congo (X cubic meters) were the largest exporters of saw logs and veneer logs (non-coniferous) in Africa, together mixing up 49% of total exports. It was distantly followed by Equatorial Guinea (X cubic meters) and Democratic Republic of the Congo (X cubic meters), together constituting a 22% share of total exports. The following exporters - Nigeria (X cubic meters), Sierra Leone (X cubic meters), South Africa (X cubic meters), Central African Republic (X cubic meters), Ghana (X cubic meters) and Mali (X cubic meters) - together made up 21% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Mali (with a CAGR of +59.6%), while the other leaders experienced more modest paces of growth.

In value terms, Congo ($X), Cameroon ($X) and Democratic Republic of the Congo ($X) constituted the countries with the highest levels of exports in 2022, with a combined 58% share of total exports. Equatorial Guinea, Sierra Leone, Central African Republic, Nigeria, Ghana, Mali and South Africa lagged somewhat behind, together comprising a further 35%.

Among the main exporting countries, Mali, with a CAGR of +69.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per cubic meter, picking up by 5.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2014 when the export price increased by 17% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sierra Leone ($X per cubic meter), while South Africa ($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 Central African Republic (+15.5%), while the other leaders experienced more modest paces of growth.

Imports of Saw Logs And Veneer Logs (Non-Coniferous)

Imports in Africa

In 2022, imports of saw logs and veneer logs (non-coniferous) in Africa fell significantly to X cubic meters, waning by -40.4% against 2021 figures. In general, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 76% against the previous year. The volume of import peaked at X cubic meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of saw logs and veneer logs (non-coniferous) contracted markedly to $X in 2022. Over the period under review, imports continue to indicate a slight descent. The growth pace was the most rapid in 2019 when imports increased by 85% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, Egypt (X cubic meters), distantly followed by Algeria (X cubic meters), Morocco (X cubic meters), Mauritania (X cubic meters) and Mozambique (X cubic meters) represented the main importers of saw logs and veneer logs (non-coniferous), together creating 73% of total imports. The following importers - Tunisia (X cubic meters), Mauritius (X cubic meters), Madagascar (X cubic meters) and Ghana (X cubic meters) - each reached a 16% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Madagascar (with a CAGR of +39.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest saw logs and veneer logs (non-coniferous) importing markets in Africa were Egypt ($X), Algeria ($X) and Mauritius ($X), together accounting for 66% of total imports. Ghana, Mozambique, Morocco, Tunisia, Mauritania and Madagascar lagged somewhat behind, together comprising a further 20%.

In terms of the main importing countries, Ghana, with a CAGR of +42.6%, recorded the highest growth rate of 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. Import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for saw logs and veneer logs (non-coniferous) decreased by -18.2% against 2017 indices. The pace of growth appeared the most rapid in 2017 an increase of 34%. As a result, import price attained the peak level of $X per cubic meter. From 2018 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mauritius ($X per cubic meter), while Mauritania ($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 Ghana (+11.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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