ECOWAS: Sawnwood Market 2025

Sawnwood Market Size in ECOWAS

The ECOWAS sawnwood market was estimated at $X in 2022, increasing by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Sawnwood Production in ECOWAS

In value terms, sawnwood production stood at $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Sawnwood Exports

Exports in ECOWAS

Sawnwood exports declined modestly to X cubic meters in 2022, almost unchanged from 2021 figures. Total exports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The growth pace was the most rapid in 2015 when exports increased by X%. As a result, the exports reached the peak of X cubic meters. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, sawnwood exports dropped to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ghana (X cubic meters) and Cote d'Ivoire (X cubic meters) represented roughly X% of total exports in 2022. Nigeria (X cubic meters) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Gambia (X%). Sierra Leone (X cubic meters), Senegal (X cubic meters) and Togo (X cubic meters) took a relatively small share 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 Nigeria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Cote d'Ivoire ($X) and Nigeria ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Gambia, Sierra Leone, Senegal and Togo lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Gambia, with a CAGR of X%, 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 ECOWAS amounted to $X per cubic meter, shrinking by X% against the previous year. In general, the export price recorded a pronounced contraction. The pace of growth appeared the most rapid in 2016 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per cubic meter in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sierra Leone ($X per cubic meter), while Togo ($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 Gambia (X%), while the other leaders experienced mixed trends in the export price figures.

Sawnwood Imports

Imports in ECOWAS

After three years of growth, overseas purchases of sawnwood decreased by X% to X cubic meters in 2022. Over the period under review, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports hit record highs at X cubic meters in 2021, and then shrank in the following year.

In value terms, sawnwood imports reduced dramatically to $X in 2022. Overall, imports saw a mild contraction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Senegal (X cubic meters) represented the main importer of sawnwood, committing X% of total imports. Niger (X cubic meters) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Burkina Faso (X%) and Cabo Verde (X%). The following importers - Gambia (X cubic meters) and Mali (X cubic meters) - each finished at a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to sawnwood imports into Senegal stood at X%. At the same time, Gambia (X%), Niger (X%), Burkina Faso (X%), Cabo Verde (X%) and Mali (X%) displayed positive paces of growth. Moreover, Gambia emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Niger, Burkina Faso, Cabo Verde and Gambia increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) constitutes the largest market for imported sawnwood in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Niger ($X), with a X% share of total imports. It was followed by Cabo Verde, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Senegal amounted to X%. In the other countries, the average annual rates were as follows: Niger (X% per year) and Cabo Verde (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per cubic meter, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2013 when the import price increased by X%. As a result, import price attained the peak level of $X per cubic meter. From 2014 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 Gambia ($X per cubic meter), while Burkina Faso ($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 Gambia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform