Report Update Feb 1, 2025

Ghana - Wood Chips and Particles - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Market for Wood Chips And Particles 2025

Market Size for Wood Chips And Particles in Ghana

The Ghanian wood chips and particles market declined to $X in 2022, falling by -2.4% against the previous year. Overall, consumption posted a significant expansion. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Wood Chips And Particles in Ghana

In value terms, wood chips and particles production dropped slightly to $X in 2022 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -9.8% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 29% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Exports of Wood Chips And Particles

Exports from Ghana

In 2022, shipments abroad of wood chips and particles decreased by -16.1% to X cubic meters for the first time since 2017, thus ending a four-year declining trend. Overall, exports saw a significant decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 18%. Over the period under review, the exports attained the maximum at X cubic meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, wood chips and particles exports rose rapidly to $X in 2022. In general, exports recorded a dramatic decrease. The pace of growth appeared the most rapid in 2019 with an increase of 212% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Niger (X cubic meters) was the main destination for wood chips and particles exports from Ghana, accounting for a approx. 87% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Niger amounted to -26.7%.

In value terms, Niger ($X) also remains the key foreign market for wood chips and particles exports from Ghana.

From 2012 to 2022, the average annual rate of growth in terms of value to Niger totaled -25.6%.

Export Prices by Country

The average wood chips and particles export price stood at $X per cubic meter in 2022, growing by 30% against the previous year. Overall, the export price enjoyed a strong expansion. The pace of growth appeared the most rapid in 2019 an increase of 680%. As a result, the export price reached the peak level of $X per cubic meter. From 2020 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Niger.

From 2012 to 2022, the rate of growth in terms of prices for Ireland amounted to +126.4% per year.

Imports of Wood Chips And Particles

Imports into Ghana

After four years of growth, overseas purchases of wood chips and particles decreased by -27.9% to X cubic meters in 2022. Over the period under review, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 200% against the previous year. Imports 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 dropped rapidly to $X in 2022. Overall, imports faced a abrupt downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 127%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X cubic meters), Belgium (X cubic meters) and the United States (X cubic meters) were the main suppliers of wood chips and particles imports to Ghana, together comprising 52% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +87.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Belgium ($X), Germany ($X) and the United States ($X) appeared to be the largest wood chips and particles suppliers to Ghana, with a combined 53% share of total imports.

Among the main suppliers, Belgium, with a CAGR of +16.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average wood chips and particles import price amounted to $X per cubic meter, growing by 11% against the previous year. In general, the import price continues to indicate a mild expansion. The growth pace was the most rapid in 2013 an increase of 151% 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 remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per cubic meter), while the price for the Netherlands ($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 the United States (+13.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wood chips and particles in the world?

China constituted the country with the largest volume of wood chips and particles consumption, comprising approx. 25% of total volume. Moreover, wood chips and particles consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. Australia ranked third in terms of total consumption with a 9.9% share.

What are the largest producers of wood chips and particles in the world?

The countries with the highest volumes of in 2021 were the United States, China and Australia, together accounting for 38% of global production. These countries were followed by Vietnam, Russia, Belarus, Canada, Brazil, Chile, Sweden, Germany, Finland and France, which together accounted for a further 41%.

What are the leading suppliers of wood chips and particles to Ghana?

In value terms, the United States and the Netherlands were the largest wood chips and particles suppliers to Ghana.

What is the average export price for wood chips and particles in Ghana?

In 2019, the average wood chips and particles export price amounted to $266 per cubic meter, growing by 190% against the previous year.

What is the average import price for wood chips and particles in Ghana?

In 2021, the average wood chips and particles import price amounted to $294 per cubic meter, rising by 12% against the previous year.

This report provides an in-depth analysis of the market for wood chips and particles in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 1619 - Wood chips and particles

Country coverage:

Ghana

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ghana
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024