Western Africa: Market for Wood Chips, Particles And Residues 2022

Market Size for Wood Chips, Particles And Residues in Western Africa

In 2021, after two years of decline, there was significant growth in the West African market for wood chips, particles and residues, when its value increased by X% to $X. Overall, consumption continues to indicate strong growth. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Wood Chips, Particles And Residues in Western Africa

In value terms, wood chips, particles and residues production declined remarkably to $X in 2021 estimated in export price. Overall, production saw a significant contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Production By Country in Western Africa

Liberia (X tons) remains the largest wood chips, particles and residues producing country in Western Africa, accounting for X% of total volume. Moreover, wood chips, particles and residues production in Liberia exceeded the figures recorded by the second-largest producer, Nigeria (X tons), more than tenfold. The third position in this ranking was occupied by Senegal (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume in Liberia totaled +X%. In the other countries, the average annual rates were as follows: Nigeria (+X% per year) and Senegal (+X% per year).

Exports of Wood Chips, Particles And Residues

Exports in Western Africa

Wood chips, particles and residues exports shrank modestly to X tons in 2021, almost unchanged from the previous year. In general, exports showed a abrupt decline. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, wood chips, particles and residues exports contracted to $X in 2021. Overall, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2018 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Liberia was the largest exporter of wood chips, particles and residues in Western Africa, with the volume of exports accounting for X tons, which was near X% of total exports in 2021. Nigeria (X tons) ranks second in terms of the total exports with a X% share, followed by Senegal (X%).

Exports from Liberia decreased at an average annual rate of -X% from 2012 to 2021. At the same time, Senegal (+X%) and Nigeria (+X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +X% from 2012-2021. While the share of Liberia (+X p.p.), Nigeria (+X p.p.) and Senegal (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Liberia ($X) remains the largest wood chips, particles and residues supplier in Western Africa, comprising X% of total exports. The second position in the ranking was occupied by Nigeria ($X), with a X% share of total exports.

In Liberia, wood chips, particles and residues exports plunged by an average annual rate of -X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Nigeria (+X% per year) and Senegal (+X% per year).

Export Prices by Country

The and residues in Western Africa stood at $X per ton in 2021, with a decrease of -X% against the previous year. Export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wood chips, particles and residues export price decreased by -X% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Nigeria ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Liberia (+X%), while the other leaders experienced a decline in the export price figures.

Imports of Wood Chips, Particles And Residues

Imports in Western Africa

In 2021, overseas purchases of wood chips, particles and residues were finally on the rise to reach X tons after seven years of decline. Over the period under review, imports, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth imports remained at a somewhat lower figure.

In value terms, wood chips, particles and residues imports reduced markedly to $X in 2021. In general, imports, however, saw a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the three major importers of wood chips, particles and residues, namely Mali, Ghana and Nigeria, represented more than two-thirds of total import. It was distantly followed by Cote d'Ivoire (X kg) and Gambia (X kg), together mixing up a X% share of total imports. Burkina Faso (X kg) took a little share of total imports.

From 2012 to 2021, the biggest increases were in Gambia (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Ghana ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of imports in 2021, together comprising X% of total imports. Mali, Gambia and Burkina Faso lagged somewhat behind, together comprising a further X, with a CAGR of +X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The and residues in Western Africa stood at $X per ton in 2021, reducing by -X% against the previous year. Over the period under review, the import price recorded a slight slump. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Cote d'Ivoire ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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