Ghana: Sawnwood (Coniferous) Market 2025

Sawnwood (Coniferous) Market Size in Ghana

The Ghanian sawnwood (coniferous) market expanded slightly to $X in 2022, with an increase of 1.7% against the previous year. Overall, consumption saw prominent growth. Sawnwood (coniferous) consumption peaked in 2022 and is expected to retain growth in the near future.

Sawnwood (Coniferous) Production in Ghana

In value terms, sawnwood (coniferous) production declined modestly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a pronounced increase. The pace of growth appeared the most rapid in 2017 with an increase of 27% against the previous year. Over the period under review, production reached the maximum level at $X in 2021, and then dropped in the following year.

Sawnwood (Coniferous) Exports

Exports from Ghana

In 2022, overseas shipments of sawnwood (coniferous) decreased by -8.4% to X cubic meters, falling for the fourth year in a row after two years of growth. Overall, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 172% against the previous year. Over the period under review, the exports reached the maximum at X cubic meters in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, sawnwood (coniferous) exports amounted to $X in 2022. In general, exports showed a slight decline. The pace of growth was the most pronounced in 2018 when exports increased by 1,004% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X cubic meters) was the main destination for sawnwood (coniferous) exports from Ghana, with a 77% share of total exports. Moreover, sawnwood (coniferous) exports to the UK exceeded the volume sent to the second major destination, Canada (X cubic meters), ninefold.

From 2012 to 2022, the average annual growth rate of volume to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-24.0% per year) and Jordan (-6.2% per year).

In value terms, the UK ($X) emerged as the key foreign market for sawnwood (coniferous) exports from Ghana, comprising 80% of total exports. The second position in the ranking was held by Canada ($X), with an 8.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+1.7% per year) and Jordan (-0.9% per year).

Export Prices by Country

In 2022, the average sawnwood (coniferous) export price amounted to $X per cubic meter, growing by 12% against the previous year. Over the period under review, the export price showed a strong expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 306%. The export price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per cubic meter), while the average price for exports to Jordan ($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 Canada (+33.8%), while the prices for the other major destinations experienced more modest paces of growth.

Sawnwood (Coniferous) Imports

Imports into Ghana

In 2022, supplies from abroad of sawnwood (coniferous) increased by 11% to X cubic meters, rising for the second year in a row after two years of decline. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 1,002% 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 lower figure.

In value terms, sawnwood (coniferous) imports expanded rapidly to $X in 2022. Overall, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2018 with an increase of 914% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Croatia (X cubic meters) constituted the largest supplier of sawnwood (coniferous) to Ghana, with a 25% share of total imports. Moreover, sawnwood (coniferous) imports from Croatia exceeded the figures recorded by the second-largest supplier, France (X cubic meters), twofold. The third position in this ranking was held by Spain (X cubic meters), with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Croatia totaled +69.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (0.0% per year) and Spain (0.0% per year).

In value terms, Croatia ($X) constituted the largest supplier of sawnwood (coniferous) to Ghana, comprising 30% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports. It was followed by Spain, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value from Croatia totaled +86.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+20.3% per year) and Spain (0.0% per year).

Import Prices by Country

The average sawnwood (coniferous) import price stood at $X per cubic meter in 2022, leveling off at the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 44% against the previous year. As a result, import price reached the peak level of $X per cubic meter. From 2014 to 2022, the average import prices failed to regain momentum.

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 China ($X per cubic meter), while the price for France ($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 Latvia (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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