Ghana - Wood Fuel - Market Analysis, Forecast, Size, Trends and Insights
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Wood Fuel Market Size in Ghana
In 2022, after eight years of growth, there was decline in the Ghanian wood fuel market, when its value decreased by X% to $X. In general, consumption posted a strong increase. Over the period under review, the market hit record highs at $X in 2021, and then dropped slightly in the following year.
Wood Fuel Production in Ghana
In value terms, wood fuel production contracted to $X in 2022 estimated in export price. In general, the total production indicated a remarkable increase from 2012 to 2022: its value 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Wood fuel production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.
Wood Fuel Exports
Exports from Ghana
In 2022, shipments abroad of wood fuel decreased by X% to X cubic meters, falling for the eighth consecutive year after three years of growth. In general, exports continue to indicate a precipitous shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2015 to 2022, the growth of the exports failed to regain momentum.
In value terms, wood fuel exports plummeted to $X in 2022. Over the period under review, exports showed a sharp slump. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.
Exports by Country
The UK (X cubic meters) was the main destination for wood fuel exports from Ghana, with a X% share of total exports. Moreover, wood fuel exports to the UK exceeded the volume sent to the second major destination, Germany (X cubic meters), fivefold.
From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to X%.
In value terms, the UK ($X) remains the key foreign market for wood fuel exports from Ghana, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports.
From 2012 to 2022, the average annual growth rate of value to the UK stood at X%.
Export Prices by Country
The average wood fuel export price stood at $X per cubic meter in 2022, falling by X% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2022: its price 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, wood fuel export price decreased by X% against 2019 indices. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per cubic meter in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per cubic meter), while the average price for exports to Germany stood at $X per cubic meter.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced a decline.
Wood Fuel Imports
Imports into Ghana
In 2022, the amount of wood fuel imported into Ghana reached X cubic meters, increasing by X% compared with the year before. Overall, imports enjoyed a significant expansion. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, wood fuel imports reached $X in 2022. Over the period under review, imports showed a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.
Imports by Country
In 2022, Cote d'Ivoire (X cubic meters) was the main supplier of wood fuel to Ghana, with a approx. X% share of total imports.
From 2012 to 2022, the average annual rate of growth in terms of volume from Cote d'Ivoire totaled X%.
In value terms, Cote d'Ivoire ($X) constituted the largest supplier of wood fuel to Ghana.
From 2012 to 2022, the average annual growth rate of value from Cote d'Ivoire amounted to X%.
Import Prices by Country
In 2022, the average wood fuel import price amounted to $X per cubic meter, dropping by X% against the previous year. In general, the import price showed a deep slump. The growth pace was the most rapid in 2015 an increase of X%. As a result, import price attained the peak level of $X per cubic meter. From 2016 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Cote d'Ivoire.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the wood fuel market in Ghana. 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:
- FCL 1627 - Wood fuel, coniferous
- FCL 1628 - Wood fuel, non-coniferous
Country coverage:
- Ghana
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ghana
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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