Angola: Sawnwood (Non-Coniferous) Market 2024

Sawnwood (Non-Coniferous) Market Size in Angola

The Angolan sawnwood (non-coniferous) market contracted to $X in 2022, falling by -9.7% against the previous year. Overall, consumption recorded a noticeable contraction. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Sawnwood (Non-Coniferous) Production in Angola

In value terms, sawnwood (non-coniferous) production stood at $X in 2022 estimated in export price. Overall, production enjoyed a significant expansion. The growth pace was the most rapid in 2016 with an increase of 185% against the previous year. Sawnwood (non-coniferous) production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Sawnwood (Non-Coniferous) Exports

Exports from Angola

In 2022, exports of sawnwood (non-coniferous) from Angola soared to X cubic meters, growing by 40% against the previous year. In general, exports saw a significant expansion. The growth pace was the most rapid in 2016 when exports increased by 215% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, sawnwood (non-coniferous) exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2016 when exports increased by 237%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Seychelles (X cubic meters) was the main destination for sawnwood (non-coniferous) exports from Angola, with a 70% share of total exports. Moreover, sawnwood (non-coniferous) exports to Seychelles exceeded the volume sent to the second major destination, Vietnam (X cubic meters), fivefold. The third position in this ranking was held by Portugal (X cubic meters), with a 4% share.

From 2012 to 2022, the average annual growth rate of volume to Seychelles totaled +261.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+73.5% per year) and Portugal (+21.2% per year).

In value terms, Seychelles ($X) remains the key foreign market for sawnwood (non-coniferous) exports from Angola, comprising 60% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 25% share of total exports. It was followed by Portugal, with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Seychelles amounted to +215.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+74.6% per year) and Portugal (+22.3% per year).

Export Prices by Country

The average sawnwood (non-coniferous) export price stood at $X per cubic meter in 2022, declining by -15.8% against the previous year. Over the period under review, the export price recorded a slight descent. The pace of growth appeared the most rapid in 2013 an increase of 38% against the previous year. The export price peaked at $X per cubic meter in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per cubic meter), while the average price for exports to South Africa ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Sawnwood (Non-Coniferous) Imports

Imports into Angola

In 2022, approx. X cubic meters of sawnwood (non-coniferous) were imported into Angola; waning by -65% on 2021 figures. In general, imports faced a precipitous contraction. The most prominent rate of growth was recorded in 2017 with an increase of 159%. Imports peaked at X cubic meters in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, sawnwood (non-coniferous) imports dropped markedly to $X in 2022. Overall, imports continue to indicate a significant decrease. The pace of growth appeared the most rapid in 2017 with an increase of 44%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Canada (X cubic meters), South Africa (X cubic meters) and Portugal (X cubic meters) were the main suppliers of sawnwood (non-coniferous) imports to Angola, together accounting for 65% of total imports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +50.3%), while purchases for the other leaders experienced a decline.

In value terms, the largest sawnwood (non-coniferous) suppliers to Angola were South Africa ($X), Portugal ($X) and Canada ($X), together accounting for 73% of total imports.

Canada, with a CAGR of +172.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average sawnwood (non-coniferous) import price stood at $X per cubic meter in 2022, growing by 14% against the previous year. Over the period under review, the import price posted noticeable growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 194% against the previous year. Over the period under review, average import prices attained the peak figure at $X per cubic meter in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Portugal ($X per cubic meter), while the price for France ($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 Canada (+81.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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