Africa: Wood Pellets Market 2024

Wood Pellets Market Size in Africa

The African wood pellets market shrank modestly to $X in 2022, dropping by X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Wood Pellets Production in Africa

In value terms, wood pellets production rose modestly to $X in 2022 estimated in export price. The total production indicated a pronounced expansion 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

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Wood Pellets Exports

Exports in Africa

Wood pellets exports soared to X tons in 2022, growing by X% compared with the previous year. In general, exports, however, continue to indicate a abrupt downturn. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, wood pellets exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Egypt (X tons), Morocco (X tons) and Tunisia (X tons), together resulting at X% of total export. South Africa (X tons) ranks next in terms of the total exports with a X% share, followed by Ghana (X%) and Nigeria (X%). Rwanda (X tons) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Rwanda (with a CAGR of X.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest wood pellets supplying countries in Africa were Egypt ($X), Tunisia ($X) and Morocco ($X), together comprising X% of total exports. South Africa, Ghana, Rwanda and Nigeria lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Rwanda, with a CAGR of X.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, rising by X% against the previous year. In general, the export price posted a moderate increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the other leaders experienced more modest paces of growth.

Wood Pellets Imports

Imports in Africa

In 2022, the amount of wood pellets imported in Africa rose significantly to X tons, with an increase of X% compared with the previous year. Overall, imports, however, showed a sharp setback. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, wood pellets imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Africa dominates imports structure, accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by Kenya (X tons), Swaziland (X tons), Malawi (X tons) and Zimbabwe (X tons), together mixing up a X% share of total imports. Nigeria (X tons) followed a long way behind the leaders.

Imports into South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Malawi (X%), Kenya (X%) and Nigeria (X%) displayed positive paces of growth. Moreover, Malawi emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Zimbabwe (X%) and Swaziland (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kenya, Malawi, Zimbabwe and Nigeria increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Swaziland ($X), Kenya ($X) and Malawi ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports.

In terms of the main importing countries, Malawi, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 Africa stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Swaziland ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Swaziland (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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