Ghana - Wood Fuel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWood Fuel Price in Ghana - 2022
Contents:
- Wood Fuel Price in Ghana (FOB) - 2022
- Wood Fuel Price in Ghana (CIF) - 2022
- Wood Fuel Exports in Ghana
- Wood Fuel Imports in Ghana
Wood Fuel Price in Ghana (FOB) - 2022
The average wood fuel export price stood at $162 per cubic meter in 2022, dropping by -19.9% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood fuel export price decreased by -44.1% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 58%. Over the period under review, the average export prices reached the maximum at $290 per cubic meter in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($175 per cubic meter), while the average price for exports to Germany totaled $97 per cubic meter.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+19.3%), while the prices for the other major destinations experienced a decline.
Wood Fuel Price in Ghana (CIF) - 2022
In 2022, the average wood fuel import price amounted to $31 per cubic meter, which is down by -3.2% against the previous year. Overall, the import price recorded a abrupt setback. The growth pace was the most rapid in 2015 an increase of 433% against the previous year. As a result, import price reached the peak level of $398 per cubic meter. From 2016 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Cote d'Ivoire.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +15.4% per year.
Wood Fuel Exports in Ghana
For the third consecutive year, Ghana recorded decline in shipments abroad of wood fuel, which decreased by -8.6% to 235 cubic meters in 2022. Over the period under review, exports continue to indicate a dramatic decline. The smallest decline of -6.2% was in 2021. The exports peaked at 2K cubic meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, wood fuel exports shrank dramatically to $38K in 2022. In general, exports faced a dramatic curtailment. The smallest decline of -11.2% was in 2021. Over the period under review, the exports reached the maximum at $588K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Wood Fuel in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 114 | 58.6 | 52.1 | 34.6 | -32.8% |
| Germany | N/A | N/A | N/A | 3.6 | 0% |
| China | 41.9 | N/A | N/A | N/A | 0% |
| India | 419 | N/A | N/A | N/A | 0% |
| Others | 13.9 | N/A | N/A | N/A | 0% |
| Total | 588 | 58.6 | 52.1 | 38.2 | -59.8% |
Top Export Markets for Wood Fuel from Ghana in 2022:
- United Kingdom (198.0 cubic meters)
- Germany (37.0 cubic meters)
Wood Fuel Imports in Ghana
In 2022, wood fuel imports into Ghana expanded slightly to 440 cubic meters, picking up by 4.8% on the previous year. In general, imports recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 166% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, wood fuel imports reached $14K in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +15.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 80% against the previous year. As a result, imports attained the peak of $16K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Wood Fuel in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | N/A | 15.7 | 13.3 | 13.5 | -7.3% |
| China | 8.6 | N/A | N/A | N/A | 0% |
| Nigeria | 0.1 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.7 | 15.7 | 13.3 | 13.5 | 15.8% |
Top Suppliers of Wood Fuel to Ghana in 2022:
- Cote d'Ivoire (440.0 cubic meters)
This report provides an in-depth analysis of the wood fuel market in Ghana. 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 1627 - Wood fuel, coniferous
- FCL 1628 - Wood fuel, non-coniferous
Country coverage:
- Ghana
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ghana
- 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
-
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
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2023
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