Western Africa: Market for Saw Logs And Veneer Logs 2025

Market Size for Saw Logs And Veneer Logs in Western Africa

The West African market for saw logs and veneer logs shrank slightly to $X in 2022, dropping by X% against the previous year. In general, consumption, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2018 when the market value increased by X% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Saw Logs And Veneer Logs in Western Africa

In value terms, saw logs and veneer logs production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced contraction. The growth pace was the most rapid in 2014 when the production volume increased by X%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Saw Logs And Veneer Logs

Exports in Western Africa

Saw logs and veneer logs exports fell remarkably to X cubic meters in 2022, waning by X% compared with 2021 figures. Overall, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, saw logs and veneer logs exports declined dramatically to $X in 2022. In general, exports continue to indicate a noticeable descent. The growth pace was the most rapid in 2014 when exports increased by X%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the five major exporters of saw logs and veneer logs, namely Nigeria, Sierra Leone, Liberia, Ghana and Mali, represented more than two-thirds of total export. It was distantly followed by Gambia (X cubic meters), generating a X% share of total exports. Guinea (X cubic meters) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Mali (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Sierra Leone ($X), Nigeria ($X) and Mali ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Mali, with a CAGR of X%, saw 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

The export price in Western Africa stood at $X per cubic meter in 2022, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per cubic meter in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Guinea ($X per cubic meter), while Liberia ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guinea (X%), while the other leaders experienced more modest paces of growth.

Imports of Saw Logs And Veneer Logs

Imports in Western Africa

In 2022, purchases abroad of saw logs and veneer logs increased by X% to X cubic meters, rising for the second year in a row after two years of decline. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The volume of import peaked at X cubic meters in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, saw logs and veneer logs imports soared to $X in 2022. Over the period under review, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Mauritania (X cubic meters) represented the main importer of saw logs and veneer logs, mixing up X% of total imports. Nigeria (X cubic meters) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Ghana (X%) and Togo (X%). Senegal (X cubic meters) took a relatively small share of total imports.

Mauritania experienced a relatively flat trend pattern with regard to volume of imports of saw logs and veneer logs. At the same time, Nigeria (X%), Ghana (X%) and Togo (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Senegal (X%) illustrated a downward trend over the same period. Nigeria (X p.p.) and Ghana (X p.p.) significantly strengthened its position in terms of the total imports, while Mauritania and Senegal saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported saw logs and veneer logs in Western Africa, comprising X% of total imports. The second position in the ranking was held by Mauritania ($X), with a X% share of total imports. It was followed by Ghana, with a X% share.

In Nigeria, saw logs and veneer logs imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Mauritania (X% per year) and Ghana (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per cubic meter in 2022, surging by X% against the previous year. Over the period under review, the import price saw a remarkable increase. The pace of growth was the most pronounced in 2020 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Nigeria ($X per cubic meter), while Mauritania ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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