Africa: Industrial Roundwood Market 2024

Industrial Roundwood Market Size in Africa

The African industrial roundwood market shrank slightly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Industrial Roundwood Production in Africa

In value terms, industrial roundwood production declined modestly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Industrial Roundwood Exports

Exports in Africa

In 2022, overseas shipments of industrial roundwood increased by X% to X cubic meters, rising for the second year in a row after three years of decline. Total exports indicated a pronounced increase from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, industrial roundwood exports reached $X in 2022. Over the period under review, exports recorded a noticeable increase. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Cameroon (X cubic meters), distantly followed by Congo (X cubic meters), South Africa (X cubic meters), Equatorial Guinea (X cubic meters), Nigeria (X cubic meters) and Democratic Republic of the Congo (X cubic meters) were the key exporters of industrial roundwood, together creating X% of total exports. Sierra Leone (X cubic meters) and Liberia (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial roundwood supplying countries in Africa were Congo ($X), Cameroon ($X) and Sierra Leone ($X), together comprising X% of total exports. Nigeria, Equatorial Guinea, South Africa, Democratic Republic of the Congo and Liberia lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Democratic Republic of the Congo, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Africa stood at $X per cubic meter in 2022, surging by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per cubic meter. From 2017 to 2022, the export prices remained at a lower figure.

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 Sierra Leone ($X per cubic meter), while South Africa ($X per cubic meter) was amongst the lowest.

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

Industrial Roundwood Imports

Imports in Africa

In 2022, purchases abroad of industrial roundwood increased by X% to X cubic meters, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X cubic meters in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, industrial roundwood imports expanded significantly to $X in 2022. In general, imports, however, saw a perceptible decrease. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Egypt represented the largest importing country with an import of around X cubic meters, which amounted to X% of total imports. Algeria (X cubic meters) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Morocco (X%) and Mauritania (X%). Mozambique (X cubic meters), Rwanda (X cubic meters), Botswana (X cubic meters), Cameroon (X cubic meters), Nigeria (X cubic meters), Mauritius (X cubic meters), Togo (X cubic meters) and Ghana (X cubic meters) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to industrial roundwood imports into Egypt stood at X%. At the same time, Rwanda (X%), Nigeria (X%), Cameroon (X%), Algeria (X%), Botswana (X%), Mauritius (X%), Mozambique (X%) and Togo (X%) displayed positive paces of growth. Moreover, Rwanda emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Mauritania experienced a relatively flat trend pattern. By contrast, Ghana (X%) and Morocco (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Algeria, Mauritania, Rwanda, Cameroon, Mozambique, Nigeria and Botswana increased by X, X, 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, Egypt ($X) constitutes the largest market for imported industrial roundwood in Africa, comprising X% of total imports. The second position in the ranking was held by Algeria ($X), with a X% share of total imports. It was followed by Nigeria, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Egypt stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Algeria (X% per year) and Nigeria (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per cubic meter, leveling off at the previous year. Over the period under review, the import price continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per cubic meter in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per cubic meter), while Rwanda ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform

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