Price for Wood; Posts and Beams in Ghana - 2022

Contents:

1. Price for Wood; Posts and Beams in Ghana (CIF) - 2022
2. Price for Wood; Posts and Beams in Ghana (FOB) - 2022
3. Imports of Wood; Posts and Beams in Ghana
4. Exports of Wood; Posts and Beams in Ghana

Price for Wood; Posts and Beams in Ghana (CIF) - 2022

The average wood; posts and beams import price stood at $1,643 per ton in 2022, remaining relatively unchanged against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2020 an increase of 16%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 the Netherlands ($14,917 per ton), while the price for Portugal ($133 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+54.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Wood; Posts and Beams in Ghana (FOB) - 2022

In 2022, the average wood; posts and beams export price amounted to $310 per ton, waning by -80.1% against the previous year. In general, the export price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2021 when the average export price increased by 554% against the previous year. As a result, the export price reached the peak level of $1,555 per ton, and then reduced rapidly in the following year.

As there is only one major export destination, the average price level is determined by prices for Togo.

From 2012 to 2022, the rate of growth in terms of prices for Togo amounted to -13.0% per year.

Imports of Wood; Posts and Beams in Ghana

After three years of growth, supplies from abroad of wood; posts and beamses decreased by -29.2% to 100 tons in 2022. Over the period under review, imports, however, posted resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 110%. As a result, imports attained the peak of 141 tons, and then dropped rapidly in the following year.

In value terms, wood; posts and beams imports contracted sharply to $164K in 2022. In general, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 133% against the previous year. As a result, imports attained the peak of $230K, and then contracted remarkably in the following year.

Top Suppliers of Wood; Posts and Beams to Ghana in 2022:

1. Portugal (27.7 tons)
2. Israel (15.1 tons)
3. Belgium (12.8 tons)
4. Turkey (12.1 tons)
5. Italy (8.3 tons)
6. Slovenia (5.8 tons)
7. Germany (5.3 tons)
8. Cote d'Ivoire (5.3 tons)
9. Spain (4.1 tons)

Exports of Wood; Posts and Beams in Ghana

Wood; posts and beams exports from Ghana soared to 24 tons in 2022, picking up by 156% compared with the previous year's figure. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 648%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, wood; posts and beams exports reduced markedly to $7.3K in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 4,790% against the previous year. As a result, the exports reached the peak of $14K, and then dropped rapidly in the following year.

Top Export Markets for Wood; Posts and Beams from Ghana in 2022:

1. Togo (23.7 tons)

Source: IndexBox Market Intelligence Platform