Ghana: Coniferous Roundwood Market 2025

Coniferous Roundwood Market Size in Ghana

The Ghanian coniferous roundwood market dropped to $X in 2022, waning by -9.2% against the previous year. Over the period under review, consumption, however, enjoyed a notable expansion. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Coniferous Roundwood Production in Ghana

In value terms, coniferous roundwood production declined to $X in 2022 estimated in export price. Overall, production saw a remarkable increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by 123%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Coniferous Roundwood Exports

Exports from Ghana

In 2022, overseas shipments of roundwood (coniferous) increased by 1,340% to X cubic meters for the first time since 2018, thus ending a three-year declining trend. Overall, exports recorded a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, coniferous roundwood exports skyrocketed to $X in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 1,004% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India (X cubic meters) was the main destination for coniferous roundwood exports from Ghana, accounting for a 100% share of total exports. It was followed by Togo (X cubic meters), with a 0.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to India totaled +9.9%.

In value terms, India ($X) remains the key foreign market for roundwood (coniferous) exports from Ghana, comprising 100% of total exports. The second position in the ranking was held by Togo ($X), with a 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to India totaled +19.9%.

Export Prices by Country

The average coniferous roundwood export price stood at $X per cubic meter in 2022, shrinking by -50.3% against the previous year. Overall, the export price, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 123%. Over the period under review, the average export prices attained the maximum at $X per cubic meter in 2021, and then shrank significantly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per cubic meter), while the average price for exports to Togo stood at $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+21.4%), while the prices for the other major destinations experienced more modest paces of growth.

Coniferous Roundwood Imports

Imports into Ghana

In 2022, supplies from abroad of roundwood (coniferous) decreased by -10.7% to X cubic meters, falling for the fourth consecutive year after two years of growth. In general, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 749% against the previous year. As a result, imports attained the peak of X cubic meters. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, coniferous roundwood imports dropped to $X in 2022. Overall, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2018 when imports increased by 914%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, South Africa (X cubic meters) was the main coniferous roundwood supplier to Ghana, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from South Africa amounted to -8.0%.

In value terms, South Africa ($X) constituted the largest supplier of roundwood (coniferous) to Ghana.

From 2012 to 2022, the average annual rate of growth in terms of value from South Africa totaled +3.3%.

Import Prices by Country

In 2022, the average coniferous roundwood import price amounted to $X per cubic meter, waning by -2.2% against the previous year. In general, the import price, however, continues to indicate a perceptible expansion. The growth pace was the most rapid in 2019 an increase of 52%. As a result, import price reached the peak level of $X per cubic meter. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for Burkina Faso amounted to +137.8% per year.

Source: IndexBox Platform

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