Ghana: Preservative-Treated Rough Wood Market 2024

Preservative-Treated Rough Wood Market Size in Ghana

The Ghanian preservative-treated rough wood market contracted to $X in 2021, with a decrease of -8.8% against the previous year. Over the period under review, consumption, however, posted a perceptible expansion. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Preservative-Treated Rough Wood Production in Ghana

In value terms, preservative-treated rough wood production soared to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable decrease. The pace of growth appeared the most rapid in 2015 with an increase of 115%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Preservative-Treated Rough Wood Exports

Exports from Ghana

Preservative-treated rough wood exports from Ghana reduced rapidly to X cubic meters in 2021, with a decrease of -86.5% on the year before. Over the period under review, exports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 235% against the previous year. Over the period under review, the exports attained the maximum at X cubic meters in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, preservative-treated rough wood exports dropped significantly to $X in 2021. Overall, exports saw a precipitous decline. The most prominent rate of growth was recorded in 2019 with an increase of 258%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Cambodia (X cubic meters), the UK (X cubic meters) and Benin (X cubic meters) were the main destinations of preservative-treated rough wood exports from Ghana, with a combined 60% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +5.2%), while the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Cambodia ($X) and Benin ($X) were the largest markets for preservative-treated rough wood exported from Ghana worldwide, with a combined 70% share of total exports. These countries were followed by the UK and Malaysia, which together accounted for a further 6.5%.

In terms of the main countries of destination, the UK, with a CAGR of +3.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average preservative-treated rough wood export price amounted to $X per cubic meter, growing by 76% against the previous year. Overall, the export price recorded a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per cubic meter), while the average price for exports to the UK ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+7.1%), while the prices for the other major destinations experienced mixed trend patterns.

Preservative-Treated Rough Wood Imports

Imports into Ghana

In 2021, purchases abroad of preservative-treated rough wood decreased by -57.1% to X cubic meters for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports showed a pronounced downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 152% against the previous year. Over the period under review, imports hit record highs at X cubic meters in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, preservative-treated rough wood imports reduced notably to $X in 2021. Overall, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 243% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Chile (X cubic meters), the United States (X cubic meters) and Turkey (X cubic meters) were the main suppliers of preservative-treated rough wood imports to Ghana, together comprising 88% of total imports.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +3.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preservative-treated rough wood suppliers to Ghana were Chile ($X), the United States ($X) and Turkey ($X), with a combined 93% share of total imports.

In terms of the main suppliers, Chile, with a CAGR of +0.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average preservative-treated rough wood import price amounted to $X per cubic meter, growing by 14% against the previous year. Overall, the import price, however, saw a perceptible contraction. The pace of growth appeared the most rapid in 2017 when the average import price increased by 58% against the previous year. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per cubic meter), while the price for Nigeria ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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