Western Africa: Market for Saw Logs And Veneer Logs (Non-Coniferous) 2025

Market Size for Saw Logs And Veneer Logs (Non-Coniferous) in Western Africa

In 2022, the West African market for saw logs and veneer logs (non-coniferous) increased by 0.5% to $X, rising for the second consecutive year after four years of decline. In general, consumption, however, recorded a mild downturn. 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 (Non-Coniferous) in Western Africa

In value terms, production of saw logs and veneer logs (non-coniferous) shrank to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced curtailment. The most prominent rate of growth was recorded in 2014 when the production volume increased by 11% against the previous year. Over the period under review, production of reached the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Saw Logs And Veneer Logs (Non-Coniferous)

Exports in Western Africa

In 2022, exports of saw logs and veneer logs (non-coniferous) in Western Africa contracted rapidly to X cubic meters, with a decrease of -46.9% on 2021. In general, exports saw a drastic downturn. The growth pace was the most rapid in 2014 when exports increased by 38% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2015 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of saw logs and veneer logs (non-coniferous) contracted dramatically to $X in 2022. Overall, exports continue to indicate a pronounced decrease. The growth pace was the most rapid in 2014 with an increase of 62% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Nigeria (X cubic meters) and Sierra Leone (X cubic meters) were the key exporters of saw logs and veneer logs (non-coniferous) in Western Africa, together constituting 54% of total exports. Ghana (X cubic meters) held a 16% share (based on physical terms) of total exports, which put it in second place, followed by Mali (14%), Liberia (7.3%) and Gambia (6.8%).

From 2012 to 2022, the biggest increases were recorded for Mali (with a CAGR of +59.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest saw logs and veneer logs (non-coniferous) supplying countries in Western Africa were Sierra Leone ($X), Nigeria ($X) and Ghana ($X), together comprising 72% of total exports. Mali, Gambia and Liberia lagged somewhat behind, together accounting for a further 26%.

In terms of the main exporting countries, Mali, with a CAGR of +69.1%, 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

In 2022, the export price in Western Africa amounted to $X per cubic meter, growing by 9.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2014 when the export price increased by 18%. The level of export peaked in 2022 and is expected to retain growth in years to come.

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 Sierra Leone ($X per cubic meter), while Liberia ($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 Sierra Leone (+7.7%), while the other leaders experienced more modest paces of growth.

Imports of Saw Logs And Veneer Logs (Non-Coniferous)

Imports in Western Africa

In 2022, supplies from abroad of saw logs and veneer logs (non-coniferous) decreased by -12.8% to X cubic meters, falling for the fourth year in a row after two years of growth. Over the period under review, imports showed a deep setback. The growth pace was the most rapid in 2015 with an increase of 15%. 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, imports of saw logs and veneer logs (non-coniferous) declined remarkably to $X in 2022. Overall, imports showed a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of 49%. As a result, imports reached the peak of $X, and then dropped markedly in the following year.

Imports by Country

Mauritania represented the key importing country with an import of about X cubic meters, which resulted at 51% of total imports. Ghana (X cubic meters) ranks second in terms of the total imports with a 31% share, followed by Nigeria (11%). The following importers - Senegal (X cubic meters) and Togo (X cubic meters) - each finished at a 3.8% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Ghana (with a CAGR of +28.4%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Ghana ($X) constitutes the largest market for imported saw logs and veneer logs (non-coniferous) in Western Africa, comprising 55% of total imports. The second position in the ranking was taken by Mauritania ($X), with a 16% share of total imports. It was followed by Nigeria, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Ghana stood at +42.6%. The remaining importing countries recorded the following average annual rates of imports growth: Mauritania (-14.0% per year) and Nigeria (+20.9% per year).

Import Prices by Country

The import price in Western Africa stood at $X per cubic meter in 2022, declining by -16% against the previous year. Overall, the import price, however, continues to indicate a measured expansion. The pace of growth appeared the most rapid in 2021 an increase of 62%. As a result, import price attained the peak level of $X per cubic meter, and then dropped markedly in the following year.

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 Ghana ($X per cubic meter), while Mauritania ($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 Togo (+17.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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