Western Africa: Market for Wood Chips And Particles 2025

Market Size for Wood Chips And Particles in Western Africa

In 2022, after three years of growth, there was decline in the West African wood chips and particles market, when its value decreased by -1.6% to $X. In general, consumption, however, posted a buoyant increase. Over the period under review, the market attained the peak level at $X in 2021, and then shrank modestly in the following year.

Production of Wood Chips And Particles in Western Africa

In value terms, wood chips and particles production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2019 when the production volume increased by 8.9%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Wood Chips And Particles

Exports in Western Africa

In 2022, shipments abroad of wood chips and particles increased by 15% to X cubic meters for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 109%. The volume of export peaked at X cubic meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, wood chips and particles exports rose significantly to $X in 2022. Over the period under review, exports, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 48%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Gambia represented the largest exporting country with an export of about X cubic meters, which recorded 67% of total exports. It was distantly followed by Liberia (X cubic meters), making up a 32% share of total exports.

Gambia was also the fastest-growing in terms of the wood chips and particles exports, with a CAGR of -3.4% from 2012 to 2022. Liberia (-18.1%) illustrated a downward trend over the same period. Gambia (+47 p.p.) significantly strengthened its position in terms of the total exports, while Liberia saw its share reduced by -17.3% from 2012 to 2022, respectively.

In value terms, the largest wood chips and particles supplying countries in Western Africa were Gambia ($X) and Liberia ($X).

Gambia, with a CAGR of -10.4%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per cubic meter, waning by -3.3% against the previous year. In general, the export price continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2014 when the export price increased by 22% against the previous year. The level of export peaked at $X per cubic meter in 2017; however, from 2018 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 Liberia ($X per cubic meter), while Gambia totaled $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Liberia (-0.9%).

Imports of Wood Chips And Particles

Imports in Western Africa

In 2022, imports of wood chips and particles in Western Africa reduced notably to X cubic meters, declining by -20.7% compared with the previous year's figure. In general, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 98% against the previous year. The volume of import peaked at X cubic meters in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, wood chips and particles imports contracted markedly to $X in 2022. Overall, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 152%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Nigeria (X cubic meters) was the key importer of wood chips and particles, creating 48% of total imports. It was distantly followed by Gambia (X cubic meters) and Niger (X cubic meters), together generating a 44% share of total imports. Cote d'Ivoire (X cubic meters) and Ghana (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Niger (with a CAGR of +52.4%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Nigeria ($X) constitutes the largest market for imported wood chips and particles in Western Africa, comprising 45% of total imports. The second position in the ranking was taken by Gambia ($X), with a 17% share of total imports. It was followed by Cote d'Ivoire, with a 14% share.

In Nigeria, wood chips and particles imports contracted by an average annual rate of -22.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Gambia (+23.4% per year) and Cote d'Ivoire (-15.9% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per cubic meter, which is down by -14% against the previous year. Overall, the import price saw a slight setback. The pace of growth appeared the most rapid in 2016 an increase of 75%. Over the period under review, import prices attained the maximum at $X per cubic meter in 2018; however, from 2019 to 2022, 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 ($X per cubic meter), while Gambia ($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 Ghana (+1.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :