Report Update Nov 1, 2024

Ghana - Wood Pellets - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Wood Pellets Market 2024

Wood Pellets Market Size in Ghana

In 2022, the Ghanian wood pellets market increased by 93% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, showed a drastic downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Wood Pellets Production in Ghana

In value terms, wood pellets production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a pronounced curtailment. The pace of growth was the most pronounced in 2018 with an increase of 13%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Wood Pellets Exports

Exports from Ghana

After three years of growth, overseas shipments of wood pellets decreased by -5.4% to X tons in 2022. Overall, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 207%. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, wood pellets exports shrank to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 152%. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

The UK (X tons) was the main destination for wood pellets exports from Ghana, accounting for a 95% share of total exports. Moreover, wood pellets exports to the UK exceeded the volume sent to the second major destination, Italy (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the UK amounted to +37.4%.

In value terms, the UK ($X) remains the key foreign market for wood pellets exports from Ghana, comprising 98% of total exports. The second position in the ranking was held by Italy ($X), with a 1.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled +23.5%.

Export Prices by Country

In 2022, the average wood pellets export price amounted to $X per ton, increasing by 5.7% against the previous year. In general, the export price, however, continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when the average export price increased by 31% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Italy amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-10.1%).

Wood Pellets Imports

Imports into Ghana

In 2019, imports of wood pellets into Ghana soared to X tons, rising by 20% on the previous year's figure. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 637% against the previous year. Imports peaked in 2019 and are likely to continue growth in years to come.

In value terms, wood pellets imports surged to $X in 2019. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 1,755% against the previous year. Imports peaked in 2019 and are likely to continue growth in the near future.

Imports by Country

In 2019, the Netherlands (X tons) was the main wood pellets supplier to Ghana, with a approx. 100% share of total imports.

From 2015 to 2019, the average annual rate of growth in terms of volume from the Netherlands was relatively modest.

In value terms, the Netherlands ($X) constituted the largest supplier of wood pellets to Ghana.

From 2015 to 2019, the average annual growth rate of value from the Netherlands was relatively modest.

Import Prices by Country

In 2019, the average wood pellets import price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the import price saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 an increase of 152% against the previous year. Over the period under review, average import prices hit record highs in 2019 and is likely to see steady growth in years to come.

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

From 2015 to 2019, the rate of growth in terms of prices for China amounted to -61.1% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wood pellets in the world?

The UK constituted the country with the largest volume of wood pellets consumption, comprising approx. 23% of total volume. Moreover, wood pellets consumption in the UK exceeded the figures recorded by the second-largest consumer, Italy, threefold. The third position in this ranking was occupied by the Netherlands, with a 6.5% share.

What are the largest producers of wood pellets in the world?

United States constituted the country with the largest volume of wood pellets production, accounting for 19% of total volume. Moreover, wood pellets production in United States exceeded the figures recorded by the second-largest producer, Canada, twofold. Viet Nam ranked third in terms of total production with a 7.4% share.

What are the leading suppliers of wood pellets to Ghana?

In value terms, the Netherlands constituted the largest supplier of wood pellets to Ghana.

What are the leading importers of wood pellets from Ghana?

In value terms, the UK remains the key foreign market for wood pellets exports from Ghana, comprising 76% of total exports. The second position in the ranking was occupied by Italy, with a 24% share of total exports.

What is the average export price for wood pellets in Ghana?

The average wood pellets export price stood at $246 per ton in 2020, approximately reflecting the previous year.

What is the average import price for wood pellets in Ghana?

The average wood pellets import price stood at $1,443 per ton in 2019, growing by 24% against the previous year.

This report provides an in-depth analysis of the wood pellets market 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 1693 - Wood pellets

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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023