Western Africa: Market for Saw Logs And Veneer Logs (Coniferous) 2024

Market Size for Saw Logs And Veneer Logs (Coniferous) in Western Africa

The West African market for saw logs and veneer logs (coniferous) fell remarkably to $X in 2023, with a decrease of X% against the previous year. In general, consumption, however, showed a remarkable increase. As a result, consumption reached the peak level of $X. From 2019 to 2023, the growth of the market remained at a lower figure.

Production of Saw Logs And Veneer Logs (Coniferous) in Western Africa

In value terms, production of saw logs and veneer logs (coniferous) reduced dramatically to $X in 2023 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, production of attained the maximum level at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Exports of Saw Logs And Veneer Logs (Coniferous)

Exports in Western Africa

After two years of growth, shipments abroad of saw logs and veneer logs (coniferous) decreased by X% to X cubic meters in 2023. In general, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2018 to 2023, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of saw logs and veneer logs (coniferous) fell to $X in 2023. Overall, exports, however, recorded resilient growth. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, the exports attained the peak of $X. From 2018 to 2023, the growth of the exports of failed to regain momentum.

Exports by Country

Togo represented the major exporter of saw logs and veneer logs (coniferous) in Western Africa, with the volume of exports finishing at X cubic meters, which was approx. X% of total exports in 2023. Nigeria (X cubic meters) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Ghana (X%) and Cote d'Ivoire (X%).

Togo was also the fastest-growing in terms of the saw logs and veneer logs (coniferous) exports, with a CAGR of X% from 2012 to 2023. At the same time, Nigeria (X%) and Ghana (X%) displayed positive paces of growth. By contrast, Cote d'Ivoire (X%) illustrated a downward trend over the same period. Togo (X p.p.), Nigeria (X p.p.) and Ghana (X p.p.) significantly strengthened its position in terms of the total exports, while Cote d'Ivoire saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Togo ($X) remains the largest saw logs and veneer logs (coniferous) supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with a X% share of total exports. It was followed by Nigeria, with a X% share.

In Togo, exports of saw logs and veneer logs (coniferous) increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Nigeria (X% per year).

Export Prices by Country

In 2023, the export price in Western Africa amounted to $X per cubic meter, with a decrease of X% against the previous year. In general, the export price continues to indicate a mild setback. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per cubic meter in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per cubic meter), while Cote d'Ivoire ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Togo (X%), while the other leaders experienced a decline in the export price figures.

Imports of Saw Logs And Veneer Logs (Coniferous)

Imports in Western Africa

In 2023, the amount of saw logs and veneer logs (coniferous) imported in Western Africa shrank sharply to X cubic meters, dropping by X% on the previous year's figure. Overall, imports saw a deep reduction. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports reached the peak of X cubic meters. From 2019 to 2023, the growth of imports of failed to regain momentum.

In value terms, imports of saw logs and veneer logs (coniferous) shrank sharply to $X in 2023. In general, imports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Nigeria was the largest importing country with an import of about X cubic meters, which resulted at X% of total imports. Senegal (X cubic meters) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Saint Helena, Ascension and Tristan da Cunha (X%). Ghana (X cubic meters), Mauritania (X cubic meters), Gambia (X cubic meters) and Cabo Verde (X cubic meters) followed a long way behind the leaders.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2023. At the same time, Gambia (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Gambia emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2023. Cabo Verde experienced a relatively flat trend pattern. By contrast, Saint Helena, Ascension and Tristan da Cunha (X%), Mauritania (X%) and Ghana (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Nigeria, Senegal and Gambia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported saw logs and veneer logs (coniferous) in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Senegal ($X), with a X% share of total imports. It was followed by Gambia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Nigeria amounted to X%. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Gambia (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per cubic meter in 2023, remaining relatively unchanged against the previous year. Overall, the import price, however, recorded notable growth. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per cubic meter in 2022, and then contracted slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Cabo Verde ($X per cubic meter), while Saint Helena, Ascension and Tristan da Cunha ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Gambia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform