Ghana: Roundwood Market 2024

Roundwood Market Size in Ghana

The Ghanian roundwood market shrank to $X in 2022, declining by X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Roundwood consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Roundwood Production in Ghana

In value terms, roundwood production declined to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Roundwood Exports

Exports from Ghana

In 2022, the amount of roundwood exported from Ghana reduced notably to X cubic meters, with a decrease of X% on the year before. In general, exports saw a deep downturn. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, roundwood exports dropped rapidly to $X in 2022. Overall, exports showed a deep slump. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

India (X cubic meters), Vietnam (X cubic meters) and China (X cubic meters) were the main destinations of roundwood exports from Ghana, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, India ($X) remains the key foreign market for roundwood exports from Ghana, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by Vietnam, with an X% share.

From 2012 to 2022, the average annual growth rate of value to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the average roundwood export price amounted to $X per cubic meter, stabilizing at the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X%. As a result, the export price attained the peak level of $X per cubic meter. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per cubic meter), while the average price for exports to Niger ($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 China (X%), while the prices for the other major destinations experienced mixed trend patterns.

Roundwood Imports

Imports into Ghana

In 2022, the amount of roundwood imported into Ghana soared to X cubic meters, jumping by X% compared with 2021. Over the period under review, imports, however, saw a pronounced decline. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X cubic meters. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, roundwood imports expanded markedly to $X in 2022. In general, imports saw prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United States (X cubic meters) constituted the largest roundwood supplier to Ghana, with a X% share of total imports. Moreover, roundwood imports from the United States exceeded the figures recorded by the second-largest supplier, South Africa (X cubic meters), threefold. Cote d'Ivoire (X cubic meters) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Cote d'Ivoire (X% per year).

In value terms, the United States ($X) constituted the largest supplier of roundwood to Ghana, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with a X% share of total imports. It was followed by Benin, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Benin (X% per year).

Import Prices by Country

The average roundwood import price stood at $X per cubic meter in 2022, falling by X% against the previous year. Overall, the import price, however, saw prominent growth. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per cubic meter, and then declined rapidly in the following year.

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 Benin ($X per cubic meter), while the price for Cote d'Ivoire ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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