Africa: Wood Barrel Market 2024

Wood Barrel Market Size in Africa

The African wood barrel market contracted to $X in 2022, with a decrease of X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Wood Barrel Production in Africa

In value terms, wood barrel production fell to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Wood Barrel Exports

Exports in Africa

In 2022, shipments abroad of casks, barrels, vats, tubs, and coopers products of wood decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports reached the maximum at X units in 2021, and then reduced markedly in the following year.

In value terms, wood barrel exports reduced sharply to $X in 2022. In general, exports, however, saw a resilient expansion. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Swaziland represented the largest exporting country with an export of around X units, which amounted to X% of total exports. It was distantly followed by South Africa (X units), committing a X% share of total exports.

Swaziland was also the fastest-growing in terms of the casks, barrels, vats, tubs, and coopers products of wood exports, with a CAGR of X% from 2012 to 2022. At the same time, South Africa (X%) displayed positive paces of growth. Swaziland (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, South Africa ($X) and Swaziland ($X) appeared to be the countries with the highest levels of exports in 2022.

Swaziland, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2013 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Swaziland totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Wood Barrel Imports

Imports in Africa

In 2022, after two years of growth, there was significant decline in supplies from abroad of casks, barrels, vats, tubs, and coopers products of wood, when their volume decreased by X% to X units. Over the period under review, imports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wood barrel imports shrank significantly to $X in 2022. In general, imports continue to indicate a slight descent. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Africa dominates imports structure, reaching X units, which was near X% of total imports in 2022. It was distantly followed by Burkina Faso (X units), achieving a X% share of total imports. Mauritius (X units), Angola (X units), Democratic Republic of the Congo (X units), Tanzania (X units), Mozambique (X units) and Nigeria (X units) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to wood barrel imports into South Africa stood at X%. At the same time, Burkina Faso (X%), Nigeria (X%), Democratic Republic of the Congo (X%), Mozambique (X%), Mauritius (X%), Angola (X%) and Tanzania (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Burkina Faso, Mauritius, Democratic Republic of the Congo, Angola and Nigeria increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported casks, barrels, vats, tubs, and coopers products of wood in Africa, comprising X% of total imports. The second position in the ranking was held by Angola ($X), with a X% share of total imports. It was followed by Mauritius, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Angola (X% per year) and Mauritius (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per unit, jumping by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. The level of import peaked 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 South Africa ($X per unit), while Democratic Republic of the Congo ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :