South Africa: Wood Barrel Market 2024

Wood Barrel Exports

Exports from South Africa

In 2022, shipments abroad of casks, barrels, vats, tubs, and coopers products of wood decreased by -28.9% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, enjoyed a slight increase. The pace of growth was the most pronounced in 2020 with an increase of 117%. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, wood barrel exports reduced dramatically to $X in 2022. In general, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 208%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for wood barrel exports from South Africa, accounting for a 69% share of total exports. Moreover, wood barrel exports to France exceeded the volume sent to the second major destination, Namibia (X units), sixfold. Kenya (X units) ranked third in terms of total exports with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France stood at +5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (-6.1% per year) and Kenya (+27.0% per year).

In value terms, France ($X) remains the key foreign market for casks, barrels, vats, tubs, and coopers products of wood exports from South Africa, comprising 67% of total exports. The second position in the ranking was taken by Namibia ($X), with a 7% share of total exports. It was followed by Australia, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value to France stood at +11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (-7.0% per year) and Australia (+78.9% per year).

Export Prices by Country

In 2022, the average wood barrel export price amounted to $X per unit, surging by 1.8% against the previous year. Overall, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood barrel export price increased by +68.4% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of 63% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

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 Australia ($X per unit), while the average price for exports to Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+25.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Barrel Imports

Imports into South Africa

After three years of growth, overseas purchases of casks, barrels, vats, tubs, and coopers products of wood decreased by -50.3% to X units in 2022. Over the period under review, imports saw a pronounced decline. The pace of growth appeared the most rapid in 2013 when imports increased by 118% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, wood barrel imports reduced notably to $X in 2022. In general, imports recorded a mild decrease. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, France (X units) constituted the largest wood barrel supplier to South Africa, with a 73% share of total imports. Moreover, wood barrel imports from France exceeded the figures recorded by the second-largest supplier, the United States (X units), eightfold. The third position in this ranking was taken by Swaziland (X units), with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France amounted to -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-13.0% per year) and Swaziland (+31.4% per year).

In value terms, France ($X) constituted the largest supplier of casks, barrels, vats, tubs, and coopers products of wood to South Africa, comprising 85% of total imports. The second position in the ranking was taken by Swaziland ($X), with a 4% share of total imports. It was followed by Austria, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France stood at -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Swaziland (+31.2% per year) and Austria (+19.5% per year).

Import Prices by Country

In 2022, the average wood barrel import price amounted to $X per unit, rising by 63% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood barrel import price increased by +69.2% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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