ECOWAS: Market for Wood Chips And Particles 2025

Market Size for Wood Chips And Particles in ECOWAS

In 2022, the ECOWAS wood chips and particles market decreased by -0.3% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption enjoyed a resilient expansion. Over the period under review, the market reached the maximum level at $X in 2021, and then declined modestly in the following year.

Production of Wood Chips And Particles in ECOWAS

In value terms, wood chips and particles production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the production volume increased by 8% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Wood Chips And Particles

Exports in ECOWAS

In 2022, shipments abroad of wood chips and particles was finally on the rise to reach X cubic meters after two years of decline. In general, exports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 when exports increased by 112%. The volume of export peaked at X cubic meters in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, wood chips and particles exports amounted to $X in 2022. Over the period under review, exports, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 49%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Gambia (X cubic meters) represented the major exporter of wood chips and particles, generating 63% of total exports. It was distantly followed by Liberia (X cubic meters), achieving a 36% 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 Gambia (with a CAGR of -5.2%).

In value terms, Liberia ($X) and Gambia ($X) were the countries with the highest levels of exports in 2022.

Among the main exporting countries, Gambia, with a CAGR of -12.0%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in ECOWAS stood at $X per cubic meter in 2022, approximately reflecting the previous year. Over the period under review, the export price recorded a perceptible downturn. The growth pace was the most rapid in 2014 when the export price increased by 21%. The level of export peaked at $X per cubic meter in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Liberia ($X per cubic meter), while Gambia totaled $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Liberia (-0.9%).

Imports of Wood Chips And Particles

Imports in ECOWAS

In 2022, supplies from abroad of wood chips and particles increased by 22% to X cubic meters, rising for the second year in a row after two years of decline. Overall, imports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 94%. 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, wood chips and particles imports skyrocketed to $X in 2022. Over the period under review, imports, however, faced a dramatic decrease. The pace of growth was the most pronounced in 2021 with an increase of 102%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Gambia (X cubic meters), distantly followed by Mali (X cubic meters), Niger (X cubic meters), Nigeria (X cubic meters) and Cote d'Ivoire (X cubic meters) represented the major importers of wood chips and particles, together constituting 95% of total imports. Ghana (X cubic meters) and Burkina Faso (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 leading importing countries, was attained by Niger (with a CAGR of +42.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wood chips and particles importing markets in ECOWAS were Nigeria ($X), Gambia ($X) and Cote d'Ivoire ($X), with a combined 73% share of total imports.

Gambia, with a CAGR of +32.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 ECOWAS stood at $X per cubic meter in 2022, surging by 19% against the previous year. Over the period under review, the import price, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2018 an increase of 68% 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.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Nigeria ($X per cubic meter), while Mali ($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 Burkina Faso (+27.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform