Sierra Leone: Wood Fuel (Non-Coniferous) Market 2020

Wood Fuel (Non-Coniferous) Market Size in Sierra Leone

The revenue of the wood fuel (non-coniferous) market in Sierra Leone amounted to $X in 2018, declining by -X% against the previous year. Overall, wood fuel (non-coniferous) consumption, however, continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2008 when the market value increased by X% y-o-y. Over the period under review, the wood fuel (non-coniferous) market attained its maximum level at $X in 2011; however, from 2012 to 2018, consumption failed to regain its momentum.

Wood Fuel (Non-Coniferous) Production in Sierra Leone

In value terms, wood fuel (non-coniferous) production totaled $X in 2018 estimated in export prices. In general, wood fuel (non-coniferous) production continues to indicate a moderate drop. The pace of growth appeared the most rapid in 2008 when production volume increased by X% y-o-y. Sierra Leone wood fuel (non-coniferous) production peaked at $X in 2011; however, from 2012 to 2018, production remained at a lower figure.

Wood Fuel (Non-Coniferous) Exports

Exports from Sierra Leone

In 2018, approx. X cubic meters of wood fuel (non-coniferous) were exported from Sierra Leone; surging by X% against the previous year. Overall, wood fuel (non-coniferous) exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, wood fuel (non-coniferous) exports reached their maximum at X cubic meters in 2012; however, from 2013 to 2018, exports remained at a lower figure.

In value terms, wood fuel (non-coniferous) exports stood at $X in 2018. Over the period under review, wood fuel (non-coniferous) exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Sierra Leone exports peaked at $X in 2012; however, from 2013 to 2018, exports remained at a lower figure.

Exports by Country

In 2018, Indonesia (X cubic meters), distantly followed by Brazil (X cubic meters), China (X cubic meters) and the U.S. (X cubic meters) represented the major exporters of wood fuel (non-coniferous), together mixing up X% of total exports. Poland (X cubic meters), Malaysia (X cubic meters), Canada (X cubic meters), Vietnam (X cubic meters), Bosnia and Herzegovina (X cubic meters), Italy (X cubic meters), Germany (X cubic meters) and the Netherlands (X cubic meters) took a relatively small share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the U.S., while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Brazil ($X) and the U.S. ($X) appeared to be the countries with the highest levels of exports in 2018, together accounting for X% of total exports. These countries were followed by China, Poland, Italy, Malaysia, Germany, Canada, the Netherlands, Vietnam, Bosnia and Herzegovina and Sierra Leone, which together accounted for a further X and Herzegovina recorded the highest rates of growth with regard to exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the wood fuel (non-coniferous) export price in Sierra Leone amounted to $X per cubic meter, declining by -X% against the previous year. Over the period under review, the wood fuel (non-coniferous) export price continues to indicate a significant downturn. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. Over the period under review, the export prices for wood fuel (non-coniferous) reached their maximum at $X per cubic meter in 2011; however, from 2012 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Italy ($X per cubic meter), while Indonesia ($X per cubic meter) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina, while the other leaders experienced more modest paces of growth.

Wood Fuel (Non-Coniferous) Imports

Imports into Sierra Leone

In 2018, approx. X cubic meters of wood fuel (non-coniferous) were imported into Sierra Leone; falling by -X% against the previous year. Over the period under review, wood fuel (non-coniferous) imports continue to indicate an abrupt contraction. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. In that year, wood fuel (non-coniferous) imports reached their peak of X cubic meters. From 2012 to 2018, the growth of wood fuel (non-coniferous) imports failed to regain its momentum.

In value terms, wood fuel (non-coniferous) imports amounted to $X in 2018. Overall, wood fuel (non-coniferous) imports continue to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% year-to-year. In that year, wood fuel (non-coniferous) imports reached their peak of $X, and then declined slightly in the following year.

Imports by Country

The U.S. (X cubic meters) and Taiwan, Chinese (X cubic meters) represented roughly X% of total imports of wood fuel (non-coniferous) in 2018. It was distantly followed by Mexico (X cubic meters), France (X cubic meters), South Korea (X cubic meters) and Australia (X cubic meters), together constituting a X% share of total imports. Germany (X cubic meters), Japan (X cubic meters), the UK (X cubic meters), Italy (X cubic meters), Belgium (X cubic meters) and India (X cubic meters) occupied a little share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Mexico, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported wood fuel (non-coniferous) into Sierra Leone, comprising X% of global imports. The second position in the ranking was occupied by Mexico ($X), with a X% share of global imports. It was followed by the UK, with a X% share.

In the U.S., wood fuel (non-coniferous) imports remained relatively stable over the period from 2007-2018. In the other countries, the average annual rates were as follows: Mexico (+X% per year) and the UK (-X% per year).

Import Prices by Country

The wood fuel (non-coniferous) import price in Sierra Leone stood at $X per cubic meter in 2018, remaining constant against the previous year. Overall, the wood fuel (non-coniferous) import price, however, continues to indicate remarkable growth. The most prominent rate of growth was recorded in 2017 when the import price increased by X% y-o-y. In that year, the import prices for wood fuel (non-coniferous) reached their peak level of $X per cubic meter, leveling off in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per cubic meter), while Taiwan, Chinese ($X per cubic meter) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform