Price for Wood; Shingles and Shakes in Ghana - 2022
Contents:
- Price for Wood; Shingles and Shakes in Ghana (FOB) - 2022
- Price for Wood; Shingles and Shakes in Ghana (CIF) - 2022
- Exports of Wood; Shingles and Shakes in Ghana
- Imports of Wood; Shingles and Shakes in Ghana
Price for Wood; Shingles and Shakes in Ghana (FOB) - 2022
In 2022, the average wood; shingles and shakes export price amounted to $2,197 per ton, standing approx. at the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 28%. The export price peaked at $3,615 per ton in 2015; however, from 2016 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 Canada ($2,329 per ton), while the average price for exports to the UK ($170 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+0.2%).
Price for Wood; Shingles and Shakes in Ghana (CIF) - 2022
In 2022, the average wood; shingles and shakes import price amounted to $1,055 per ton, reducing by -18.4% against the previous year. In general, the import price showed a perceptible decline. The most prominent rate of growth was recorded in 2013 an increase of 68%. As a result, import price reached the peak level of $2,638 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($8,667 per ton), while the price for the UK ($171 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+19.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Wood; Shingles and Shakes in Ghana
In 2022, exports of wood; shingles and shakeses from Ghana skyrocketed to 11 tons, rising by 48% on the year before. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 953% against the previous year. As a result, the exports attained the peak of 15 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, wood; shingles and shakes exports soared to $25K in 2022. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 1,248%. As a result, the exports attained the peak of $33K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Wood; Shingles and Shakes in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 2.3 | 32.7 | 16.5 | 24.4 | 119.7% |
| Cote d'Ivoire | N/A | N/A | N/A | 0.2 | 0% |
| United Kingdom | 0.1 | 0.3 | 0.1 | 0.1 | 0.0% |
| Others | 0.1 | 0.4 | 0.2 | 0.4 | 58.7% |
| Total | 2.5 | 33.3 | 16.8 | 25.1 | 115.7% |
Top Export Markets for Wood; Shingles and Shakes from Ghana in 2022:
- Canada (10.5 tons)
- United Kingdom (0.7 tons)
- Cote d'Ivoire (0.2 tons)
Imports of Wood; Shingles and Shakes in Ghana
In 2022, approx. 11 tons of wood; shingles and shakeses were imported into Ghana; picking up by 12% compared with the previous year. The total import volume increased at an average annual rate of +13.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 44% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, wood; shingles and shakes imports shrank to $12K in 2022. The total import value increased at an average annual rate of +9.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 21%. As a result, imports reached the peak of $13K, and then shrank in the following year.
| Import of Wood; Shingles and Shakes in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.2 | 5.4 | 6.9 | 7.2 | 19.7% |
| China | 2.8 | 3.4 | 4.2 | 3.4 | 6.7% |
| Canada | 1.3 | 1.2 | 1.2 | 0.7 | -18.6% |
| Belgium | 0.1 | 0.2 | 0.2 | 0.2 | 26.0% |
| United Kingdom | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.5 | 0.5 | 0.5 | 0.3 | -15.7% |
| Total | 9.0 | 10.8 | 13.1 | 11.9 | 9.8% |
Top Suppliers of Wood; Shingles and Shakes to Ghana in 2022:
- China (6.4 tons)
- United States (2.3 tons)
- Canada (2.0 tons)
- United Kingdom (0.4 tons)
- Belgium (0.2 tons)
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