Report Update Mar 1, 2025

Western Africa - Oriented Strand Board (OSB) - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Oriented Strandboard (Osb) Market 2025

Oriented Strandboard (Osb) Market Size in Western Africa

The West African oriented strandboard (OSB) market soared to $X in 2021, with an increase of 33% against the previous year. Overall, consumption, however, saw a abrupt setback. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Oriented Strandboard (Osb) Production in Western Africa

In value terms, oriented strandboard (OSB) production expanded markedly to $X in 2021 estimated in export price. In general, production continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2014 with an increase of 13%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Oriented Strandboard (Osb) Imports

Imports by Country

Ghana represented the largest importer of oriented strandboard (OSB) in Western Africa, with the volume of imports recording X cubic meters, which was near 55% of total imports in 2021. Guinea (X cubic meters) ranks second in terms of the total imports with a 15% share, followed by Nigeria (7.5%), Cabo Verde (7.4%) and Niger (5.4%). Benin (X cubic meters) and Cote d'Ivoire (X cubic meters) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to oriented strandboard (OSB) imports into Ghana stood at +12.5%. At the same time, Cote d'Ivoire (+31.2%) and Niger (+30.3%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +31.2% from 2012-2021. By contrast, Benin (-1.5%), Cabo Verde (-6.5%), Guinea (-7.2%) and Nigeria (-28.2%) illustrated a downward trend over the same period. Ghana (+46 p.p.), Niger (+5.2 p.p.) and Cote d'Ivoire (+2.2 p.p.) significantly strengthened its position in terms of the total imports, while Nigeria saw its share reduced by -61.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported oriented strandboard (OSB) in Western Africa, comprising 48% of total imports. The second position in the ranking was taken by Guinea ($X), with a 21% share of total imports. It was followed by Cabo Verde, with a 7.8% share.

In Ghana, oriented strandboard (OSB) imports increased at an average annual rate of +11.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Guinea (+0.5% per year) and Cabo Verde (-12.2% per year).

Import Prices by Country

The import price in Western Africa stood at $X per cubic meter in 2021, rising by 30% against the previous year. Import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, oriented strandboard (OSB) import price increased by +74.6% against 2019 indices. The pace of growth was the most pronounced in 2020 when the import price increased by 35% against the previous year. The level of import peaked at $X per cubic meter in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per cubic meter), while Nigeria ($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 Guinea (+8.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for oriented strandboard (osb) in Western Africa?

Nigeria remains the largest oriented strandboard osb) consuming country in Western Africa, accounting for 37% of total volume. Moreover, oriented strandboard osb) consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Saint Helena, Ascension and Tristan da Cunha, twofold. The third position in this ranking was occupied by Ghana, with a 12% share.

What are the largest producers of oriented strandboard (osb) in Western Africa?

The countries with the highest volumes of oriented strandboard osb) production in 2021 were Cote d'Ivoire and Guinea.

What are the leading importers of oriented strandboard (osb) in Western Africa?

In value terms, Nigeria, Saint Helena, Ascension and Tristan da Cunha and Ghana were the countries with the highest levels of imports in 2021, with a combined 69% share of total imports.

What is the average export price for oriented strandboard (osb) in Western Africa?

In 2020, the oriented strandboard osb) export price in Western Africa amounted to $157 per cubic meter, remaining stable against-% against the previous year.

What is the average import price for oriented strandboard (osb) in Western Africa?

The oriented strandboard osb) import price in Western Africa stood at $247 per cubic meter in 2021, reducing by -17.2% against the previous year.

This report provides an in-depth analysis of the oriented strandboard (osb) market in Western Africa. 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 1606 - OSB

Country coverage:

Benin
Burkina Faso
Cabo Verde
Gambia
Ghana
Guinea
Guinea-Bissau
Liberia
Mali
Mauritania
Niger
Nigeria
Saint Helena, Ascension and Tristan da Cunha
Senegal
Sierra Leone
Togo
Cote d'Ivoire

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Western Africa, split by region and country
Trade (exports and imports) in Western Africa
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. CONSUMPTION BY COUNTRY
3. 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
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
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
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
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, By Country, 2018–2024
5. Production, In Physical Terms, By Country, 2012–2024
6. Imports, In Physical Terms, By Country, 2012–2024
7. Imports, In Value Terms, By Country, 2012–2024
8. Import Prices, By Country Of Destination, 2012–2024
9. Exports, In Physical Terms, By Country, 2012–2024
10. Exports, In Value Terms, By Country, 2012–2024
11. Export Prices, By Country Of Origin, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Consumption, By Country, 2024
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2024
18. Production, In Value Terms, 2012–2024
19. Production, By Country, 2024
20. Production, In Physical Terms, By Country, 2012–2024
21. Imports, In Physical Terms, 2012–2024
22. Imports, In Value Terms, 2012–2024
23. Imports, In Physical Terms, By Country, 2024
24. Imports, In Physical Terms, By Country, 2012–2024
25. Imports, In Value Terms, By Country, 2012–2024
26. Import Prices, By Country, 2012–2024
27. Exports, In Physical Terms, 2012–2024
28. Exports, In Value Terms, 2012–2024
29. Exports, In Physical Terms, By Country, 2024
30. Exports, In Physical Terms, By Country, 2012–2024
31. Exports, In Value Terms, By Country, 2012–2024
32. Export Prices, 2012–2024