We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
Report Western Africa - Wooden Particle Board - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Western Africa - Wooden Particle Board - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Western Africa: Wooden Particle Board Market 2024

Wooden Particle Board Market Size in Western Africa

The West African wooden particle board market contracted to $X in 2021, which is down by -2.4% against the previous year. Overall, consumption showed a deep contraction. The most prominent rate of growth was recorded in 2017 when the market value increased by 8.5%. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Wooden Particle Board Production in Western Africa

In value terms, wooden particle board production contracted modestly to $X in 2021 estimated in export price. In general, production showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 8.3% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Wooden Particle Board Exports

Exports in Western Africa

In 2021, shipments abroad of wooden particle board decreased by -70.7% to X cubic meters, falling for the fourth consecutive year after four years of growth. Over the period under review, exports faced a precipitous shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 1,289% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, wooden particle board exports contracted notably to $X in 2021. In general, exports faced a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of 1,146% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Wooden Particle Board Imports

Imports in Western Africa

In 2021, approx. X cubic meters of wooden particle board were imported in Western Africa; with an increase of 12% against the previous year. Total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +32.6% against 2017 indices. The pace of growth was the most pronounced in 2014 with an increase of 123%. As a result, imports attained the peak of X cubic meters. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, wooden particle board imports surged to $X in 2021. Overall, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2014 when imports increased by 140%. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

Imports by Country

Nigeria was the largest importer of wooden particle board in Western Africa, with the volume of imports finishing at X cubic meters, which was approx. 53% of total imports in 2021. Senegal (X cubic meters) took a 23% share (based on physical terms) of total imports, which put it in second place, followed by Ghana (10%). The following importers - Sierra Leone (X cubic meters), Cabo Verde (X cubic meters) and Cote d'Ivoire (X cubic meters) - together made up 6.7% of total imports.

Imports into Nigeria decreased at an average annual rate of -1.7% from 2012 to 2021. At the same time, Sierra Leone (+78.7%), Senegal (+52.6%), Ghana (+22.3%) and Cote d'Ivoire (+3.3%) displayed positive paces of growth. Moreover, Sierra Leone emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +78.7% from 2012-2021. By contrast, Cabo Verde (-11.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Senegal, Ghana and Sierra Leone increased by +22, +8 and +3.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X), Ghana ($X) and Senegal ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 83% share of total imports. Sierra Leone, Cote d'Ivoire and Cabo Verde lagged somewhat behind, together comprising a further 9.4%.

Sierra Leone, with a CAGR of +85.9%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Western Africa stood at $X per cubic meter in 2021, jumping by 34% against the previous year. Import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wooden particle board import price increased by +76.2% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ghana ($X per cubic meter), while Senegal ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+12.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Nigeria remains the largest wooden particle board consuming country in Western Africa, comprising approx. 86% of total volume. Moreover, wooden particle board consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Ghana, more than tenfold. Cote d'Ivoire ranked third in terms of total consumption with a 4.4% share.
The country with the largest volume of wooden particle board production was Nigeria, comprising approx. 86% of total volume. Moreover, wooden particle board production in Nigeria exceeded the figures recorded by the second-largest producer, Ghana, more than tenfold. Cote d'Ivoire ranked third in terms of total production with a 4.4% share.
In value terms, Cote d'Ivoire, Nigeria and Ghana constituted the countries with the highest levels of exports in 2021, with a combined 93% share of total exports. These countries were followed by Senegal, which accounted for a further 7.2%.
In value terms, Nigeria, Cabo Verde and Ghana appeared to be the countries with the highest levels of imports in 2021, together comprising 92% of total imports.
The wooden particle board export price in Western Africa stood at $461 per cubic meter in 2021, with an increase of 36% against the previous year.
In 2021, the wooden particle board import price in Western Africa amounted to $477 per cubic meter, rising by 7.2% against the previous year.

This report provides an in-depth analysis of the wooden particle board market in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 16211319 - Waferboard and similar board, of wood (excluding particle board and oriented strand board [OSB])

Country coverage:

  • Benin
  • Burkina Faso
  • Cabo Verde
  • Gambia
  • Ghana
  • Guinea
  • Guinea-Bissau
  • Liberia
  • Mali
  • Mauritania
  • Niger
  • Nigeria
  • Saint Helena, Ascension and Tristan da Cunha
  • Senegal
  • Sierra Leone
  • Togo
  • Cote d'Ivoire

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Western Africa, split by region and country
  • Trade (exports and imports) in Western Africa
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Benin
    • Burkina Faso
    • Cabo Verde
    • Gambia
    • Ghana
    • Guinea
    • Guinea-Bissau
    • Liberia
    • Mali
    • Mauritania
    • Niger
    • Nigeria
    • Saint Helena, Ascension and Tristan da Cunha
    • Senegal
    • Sierra Leone
    • Togo
    • Cote d'Ivoire

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

Recommended reports

Asia - Wooden Particle Board - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 279

This report provides an in-depth analysis of the wooden particle board market in Asia.

World - Wooden Particle Board - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 451

This report provides an in-depth analysis of the global wooden particle board market.

EU - Wooden Particle Board - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 358

This report provides an in-depth analysis of the wooden particle board market in the EU.

U.S. - Wooden Particle Board - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 388

This report provides an in-depth analysis of the wooden particle board market in the U.S..

China - Wooden Particle Board - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 293

This report provides an in-depth analysis of the wooden particle board market in China.

Free Data: Wooden Particle Board - Western Africa
Table
Wooden Particle Board - Western Africa - Table
Dashboard
Wooden Particle Board - Western Africa - Dashboard
Report
Wooden Particle Board - Western Africa - Report