Africa: Market for Coniferous Wood In The Rough 2023

Market Size for Coniferous Wood In The Rough in Africa

The African market for coniferous wood in the rough dropped to $X in 2021, reducing by -7.8% against the previous year. The total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +51.2% against 2015 indices. The level of consumption peaked at $X in 2020, and then reduced in the following year.

Production of Coniferous Wood In The Rough in Africa

In value terms, coniferous wood in the rough production reduced to $X in 2021 estimated in export price. Overall, production, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 63%. Over the period under review, coniferous wood in rough production reached the peak level at $X in 2020, and then shrank in the following year.

Exports of Coniferous Wood In The Rough

Exports in Africa

After two years of growth, overseas shipments of coniferous wood in the rough decreased by -8.4% to X cubic meters in 2021. Overall, exports saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 172% against the previous year. The volume of export peaked at X cubic meters in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, coniferous wood in the rough exports expanded rapidly to $X in 2021. Over the period under review, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by 165%. Over the period under review, the coniferous wood in rough exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Madagascar (X cubic meters), distantly followed by Mozambique (X cubic meters), Congo (X cubic meters) and Zimbabwe (X cubic meters) represented the major exporters of coniferous wood in the rough, together achieving 72% of total exports. The following exporters - Swaziland (X cubic meters), South Africa (X cubic meters), Benin (X cubic meters), Togo (X cubic meters), Ghana (X cubic meters), Democratic Republic of the Congo (X cubic meters), Tanzania (X cubic meters), Egypt (X cubic meters) and Central African Republic (X cubic meters) - together made up 22% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Benin (with a CAGR of +49.3%), while the other leaders experienced more modest paces of growth.

In value terms, Madagascar ($X) remains the largest coniferous wood in the rough supplier in Africa, comprising 67% of total exports. The second position in the ranking was taken by Mozambique ($X), with a 19% share of total exports. It was followed by South Africa, with a 2.8% share.

From 2012 to 2021, the average annual growth rate of value in Madagascar amounted to +69.3%. In the other countries, the average annual rates were as follows: Mozambique (+23.1% per year) and South Africa (-17.9% per year).

Export Prices by Country

The export price in Africa stood at $X per cubic meter in 2021, surging by 25% against the previous year. In general, the export price showed a strong increase. The pace of growth appeared the most rapid in 2020 when the export price increased by 39%. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Madagascar ($X per cubic meter), while Swaziland ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+28.7%), while the other leaders experienced more modest paces of growth.

Imports of Coniferous Wood In The Rough

Imports in Africa

For the fifth year in a row, Africa recorded growth in purchases abroad of coniferous wood in the rough, which increased by 6.8% to X cubic meters in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +87.3% against 2014 indices. The growth pace was the most rapid in 2017 with an increase of 46% against the previous year. Over the period under review, coniferous wood in rough imports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, coniferous wood in the rough imports rose to $X in 2021. In general, imports saw a resilient increase. The pace of growth was the most pronounced in 2017 when imports increased by 106%. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

Imports by Country

Egypt was the key importing country with an import of around X cubic meters, which reached 77% of total imports. It was distantly followed by Morocco (X cubic meters), generating a 17% share of total imports. Algeria (X cubic meters) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to coniferous wood in the rough imports into Egypt stood at +11.3%. At the same time, Algeria (+39.3%) and Morocco (+3.0%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing importer imported in Africa, with a CAGR of +39.3% from 2012-2021. While the share of Egypt (+27 p.p.) and Algeria (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Morocco (-5 p.p.) displayed negative dynamics.

In value terms, Egypt ($X) constitutes the largest market for imported coniferous wood in the rough in Africa, comprising 81% of total imports. The second position in the ranking was taken by Morocco ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Egypt stood at +11.8%. The remaining importing countries recorded the following average annual rates of imports growth: Morocco (-1.8% per year) and Algeria (+12.7% per year).

Import Prices by Country

The import price in Africa stood at $X per cubic meter in 2021, with a decrease of -3.7% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by 41%. As a result, import price attained the peak level of $X per cubic meter. From 2018 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Egypt ($X per cubic meter), while Algeria ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :