ECOWAS: Plywood Market 2024

Plywood Market Size in ECOWAS

The ECOWAS plywood market reached $X in 2023, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2016; however, from 2017 to 2023, consumption failed to regain momentum.

Plywood Production in ECOWAS

In value terms, plywood production stood at $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2023, production growth failed to regain momentum.

Plywood Exports

Exports in ECOWAS

For the third consecutive year, ECOWAS recorded growth in shipments abroad of plywood, which increased by X% to X cubic meters in 2023. In general, exports, however, continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2021 with an increase of X%. The volume of export peaked at X cubic meters in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, plywood exports rose sharply to $X in 2023. Overall, exports, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Cote d'Ivoire (X cubic meters) and Ghana (X cubic meters), together reaching X% of total export.

From 2012 to 2023, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of X%).

In value terms, the largest plywood supplying countries in ECOWAS were Cote d'Ivoire ($X) and Ghana ($X).

Cote d'Ivoire, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in ECOWAS stood at $X per cubic meter in 2023, increasing by X% against the previous year. In general, the export price, however, showed a deep reduction. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per cubic meter in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per cubic meter), while Ghana stood at $X per cubic meter.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%).

Plywood Imports

Imports in ECOWAS

In 2023, the amount of plywood imported in ECOWAS rose modestly to X cubic meters, growing by X% against 2022 figures. Total imports indicated pronounced growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X cubic meters. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, plywood imports rose remarkably to $X in 2023. Total imports indicated a notable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2019 with an increase of X%. The level of import peaked in 2023 and is likely to see steady growth in the immediate term.

Imports by Country

The purchases of the three major importers of plywood, namely Senegal, Ghana and Niger, represented more than half of total import. Burkina Faso (X cubic meters) took the next position in the ranking, followed by Mali (X cubic meters), Benin (X cubic meters) and Togo (X cubic meters). All these countries together held approx. X% share of total imports. Guinea (X cubic meters) held a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Ghana (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X) constitutes the largest market for imported plywood in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with an X% share of total imports. It was followed by Niger, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Senegal stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Niger (X% per year).

Import Prices by Country

In 2023, the import price in ECOWAS amounted to $X per cubic meter, increasing by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per cubic meter in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Guinea ($X per cubic meter), while Burkina Faso ($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 more modest paces of growth.

Source: IndexBox Platform