Western Africa: Sawnwood Market 2024

Sawnwood Market Size in Western Africa

The West African sawnwood market reached $X in 2022, growing by X% against the previous year. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Sawnwood Production in Western Africa

In value terms, sawnwood production expanded slightly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Sawnwood Exports

Exports in Western Africa

In 2022, shipments abroad of sawnwood increased by X% to X cubic meters, rising for the second consecutive year after two years of decline. Total exports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, sawnwood exports dropped to $X in 2022. Over the period under review, exports recorded a modest expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Ghana (X cubic meters) and Cote d'Ivoire (X cubic meters) were the key exporters of sawnwood in 2022, resulting at near X% and X% of total exports, respectively. Nigeria (X cubic meters) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Gambia (X%). The following exporters - Sierra Leone (X cubic meters), Senegal (X cubic meters) and Togo (X cubic meters) - together made up X% 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 Nigeria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest sawnwood supplying countries in Western Africa were Ghana ($X), Cote d'Ivoire ($X) and Nigeria ($X), together accounting for X% of total exports. Gambia, Sierra Leone, Senegal and Togo lagged somewhat behind, together comprising a further X%.

Gambia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries 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, falling by X% against the previous year. Over the period under review, the export price recorded a perceptible reduction. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The level of export peaked at $X per cubic meter in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 ($X per cubic meter), while Togo ($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 Gambia (X%), while the other leaders experienced mixed trends in the export price figures.

Sawnwood Imports

Imports in Western Africa

In 2022, purchases abroad of sawnwood decreased by X% to X cubic meters for the first time since 2016, thus ending a five-year rising trend. Overall, imports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The volume of import peaked at X cubic meters in 2021, and then fell remarkably in the following year.

In value terms, sawnwood imports declined dramatically to $X in 2022. In general, imports saw a mild descent. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Senegal represented the major importing country with an import of about X cubic meters, which amounted to X% of total imports. Niger (X cubic meters) held the second position in the ranking, distantly followed by Burkina Faso (X cubic meters) and Cabo Verde (X cubic meters). All these countries together held near X% share of total imports. The following importers - Gambia (X cubic meters) and Mali (X cubic meters) - each resulted at a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to sawnwood imports into Senegal stood at X%. At the same time, Gambia (X%), Niger (X%), Burkina Faso (X%), Cabo Verde (X%) and Mali (X%) displayed positive paces of growth. Moreover, Gambia emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. Niger (X p.p.), Burkina Faso (X p.p.), Cabo Verde (X p.p.) and Gambia (X p.p.) significantly strengthened its position in terms of the total imports, while Senegal saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) constitutes the largest market for imported sawnwood in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Niger ($X), with a X% share of total imports. It was followed by Cabo Verde, with an X% share.

In Senegal, sawnwood imports shrank by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Niger (X% per year) and Cabo Verde (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per cubic meter, with a decrease of X% against the previous year. In general, the import price showed a drastic downturn. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, import prices attained the peak figure at $X per cubic meter in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Gambia ($X per cubic meter), while Burkina Faso ($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 Gambia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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