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ECOWAS - Saw Logs and Veneer Logs (Non-Coniferous) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingECOWAS: Market for Saw Logs And Veneer Logs (Non-Coniferous) 2024
Market Size for Saw Logs And Veneer Logs (Non-Coniferous) in ECOWAS
In 2023, the ECOWAS market for saw logs and veneer logs (non-coniferous) increased by X% to $X, rising for the third year in a row after two years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level in 2023 and is expected to retain growth in the immediate term.
Production of Saw Logs And Veneer Logs (Non-Coniferous) in ECOWAS
In value terms, production of saw logs and veneer logs (non-coniferous) reached $X in 2023 estimated in export price. Overall, production continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.
Exports of Saw Logs And Veneer Logs (Non-Coniferous)
Exports in ECOWAS
In 2023, exports of saw logs and veneer logs (non-coniferous) in ECOWAS reduced to X cubic meters, which is down by X% against 2022 figures. In general, exports recorded a pronounced setback. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of export peaked at X cubic meters in 2017; however, from 2018 to 2023, the exports remained at a lower figure.
In value terms, exports of saw logs and veneer logs (non-coniferous) declined to $X in 2023. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports of attained the peak figure at $X in 2017; however, from 2018 to 2023, the exports remained at a lower figure.
Exports by Country
Sierra Leone was the main exporter of saw logs and veneer logs (non-coniferous) in ECOWAS, with the volume of exports resulting at X cubic meters, which was near X% of total exports in 2023. Mali (X cubic meters) took the second position in the ranking, followed by Liberia (X cubic meters), Gambia (X cubic meters) and Ghana (X cubic meters). All these countries together took approx. X% share of total exports. The following exporters - Guinea (X cubic meters) and Nigeria (X cubic meters) - together made up X% of total exports.
From 2012 to 2023, average annual rates of growth with regard to saw logs and veneer logs (non-coniferous) exports from Sierra Leone stood at X%. At the same time, Mali (X%), Ghana (X%) and Guinea (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2023. By contrast, Liberia (X%), Nigeria (X%) and Gambia (X%) illustrated a downward trend over the same period. While the share of Sierra Leone (X p.p.), Mali (X p.p.), Ghana (X p.p.) and Guinea (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Nigeria (X p.p.), Liberia (X p.p.) and Gambia (X p.p.) displayed negative dynamics.
In value terms, Sierra Leone ($X) remains the largest saw logs and veneer logs (non-coniferous) supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Mali ($X), with a X% share of total exports. It was followed by Gambia, with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of value in Sierra Leone amounted to X%. In the other countries, the average annual rates were as follows: Mali (X% per year) and Gambia (X% per year).
Export Prices by Country
The export price in ECOWAS stood at $X per cubic meter in 2023, surging by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. The level of export peaked in 2023 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Guinea ($X per cubic meter), while Liberia ($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 Sierra Leone (X%), while the other leaders experienced more modest paces of growth.
Imports of Saw Logs And Veneer Logs (Non-Coniferous)
Imports in ECOWAS
In 2023, imports of saw logs and veneer logs (non-coniferous) in ECOWAS shrank modestly to X cubic meters, with a decrease of X% compared with the year before. Overall, imports saw a mild reduction. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked at X cubic meters in 2018; however, from 2019 to 2023, imports failed to regain momentum.
In value terms, imports of saw logs and veneer logs (non-coniferous) shrank to $X in 2023. Over the period under review, imports, however, recorded a measured expansion. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports of remained at a lower figure.
Imports by Country
In 2023, Senegal (X cubic meters) represented the main importer of saw logs and veneer logs (non-coniferous), committing X% of total imports. Togo (X cubic meters) ranks second in terms of the total imports with a X% share, followed by Cabo Verde (X%) and Guinea (X%). The following importers - Ghana (X cubic meters), Nigeria (X cubic meters) and Niger (X cubic meters) - each recorded a X% share of total imports.
From 2012 to 2023, the biggest increases were recorded for Nigeria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Senegal ($X) constitutes the largest market for imported saw logs and veneer logs (non-coniferous) in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Togo ($X), with a X% share of total imports. It was followed by Cabo Verde, with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of value in Senegal totaled X%. In the other countries, the average annual rates were as follows: Togo (X% per year) and Cabo Verde (X% per year).
Import Prices by Country
The import price in ECOWAS stood at $X per cubic meter in 2023, dropping by X% against the previous year. Import price indicated a strong expansion from 2012 to 2023: its price 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, import price for saw logs and veneer logs (non-coniferous) increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per cubic meter in 2022, and then fell slightly in the following year.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cabo Verde ($X per cubic meter), while Guinea ($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 Ghana (X%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for saw logs and veneer logs (non-coniferous) in ECOWAS. 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 1603 - Pulpwood, round and split, non-coniferous (production)
- FCL 1604 - Sawlogs and veneer logs, non-coniferous
- FCL 1626 - Other industrial roundwood, non-coniferous (production)
Country coverage:
- Benin
- Burkina Faso
- Cabo Verde
- Cote d'Ivoire
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Niger
- Nigeria
- Senegal
- Sierra Leone
- Togo
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in ECOWAS, split by region and country
- Trade (exports and imports) in ECOWAS
- 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
- CONSUMPTION BY COUNTRY
- 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
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- 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 -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Niger
- Nigeria
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 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
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 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, 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, 2012–2023
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