Africa: Densified Wood Market 2024

Densified Wood Market Size in Africa

In 2022, after three years of growth, there was significant decline in the African densified wood market, when its value decreased by X% to $X. Over the period under review, consumption recorded prominent growth. The level of consumption peaked at $X in 2021, and then contracted remarkably in the following year.

Densified Wood Production in Africa

In value terms, densified wood production amounted to $X in 2022 estimated in export price. The total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

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Densified Wood Exports

Exports in Africa

In 2022, the amount of densified wood exported in Africa reduced remarkably to X tons, waning by X% compared with the previous year. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, densified wood exports shrank modestly to $X in 2022. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

South Africa was the largest exporter of densified wood in Africa, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. Cameroon (X tons) ranks second in terms of the total exports with an X% share, followed by Angola (X%), Ghana (X%), Zambia (X%) and Gabon (X%). Nigeria (X tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Angola (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Angola ($X) remains the largest densified wood supplier in Africa, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with a X% share of total exports. It was followed by Cameroon, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Angola stood at X%. In the other countries, the average annual rates were as follows: South Africa (X% per year) and Cameroon (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price enjoyed significant growth. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Angola ($X per ton), while Zambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Gabon (X%), while the other leaders experienced mixed trends in the export price figures.

Densified Wood Imports

Imports in Africa

Densified wood imports skyrocketed to X tons in 2022, rising by X% against the previous year's figure. Over the period under review, imports enjoyed a buoyant increase. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, densified wood imports rose sharply to $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

Burkina Faso was the largest importing country with an import of about X tons, which amounted to X% of total imports. It was distantly followed by Somalia (X tons), Sudan (X tons) and Comoros (X tons), together mixing up a X% share of total imports. Libya (X tons) followed a long way behind the leaders.

Imports into Burkina Faso increased at an average annual rate of X% from 2012 to 2022. At the same time, Somalia (X%), Comoros (X%), Libya (X%) and Sudan (X%) displayed positive paces of growth. Moreover, Somalia emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Somalia (X p.p.) and Comoros (X p.p.) significantly strengthened its position in terms of the total imports, while Burkina Faso and Sudan saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Somalia ($X) constitutes the largest market for imported densified wood in Africa, comprising X% of total imports. The second position in the ranking was held by Sudan ($X), with a X% share of total imports. It was followed by Burkina Faso, with a X% share.

In Somalia, densified wood imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sudan (X% per year) and Burkina Faso (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2021, and then declined dramatically in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Libya ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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