Africa: Coniferous Roundwood Market 2023

Coniferous Roundwood Market Size in Africa

In 2021, after two years of decline, there was growth in the African coniferous roundwood market, when its value increased by 1.3% to $X. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Coniferous Roundwood Production in Africa

In value terms, coniferous roundwood production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by 36%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Coniferous Roundwood Exports

Exports in Africa

After four years of growth, overseas shipments of roundwood (coniferous) decreased by -19.6% to X cubic meters in 2021. In general, exports, however, recorded a significant increase. The growth pace was the most rapid in 2013 with an increase of 154%. The volume of export peaked at X cubic meters in 2020, and then shrank dramatically in the following year.

In value terms, coniferous roundwood exports soared to $X in 2021. Overall, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2013 when exports increased by 177%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

South Africa dominates exports structure, reaching X cubic meters, which was near 93% of total exports in 2021. Madagascar (X cubic meters) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to coniferous roundwood exports from South Africa stood at +34.5%. At the same time, Madagascar (+51.7%) displayed positive paces of growth. Moreover, Madagascar emerged as the fastest-growing exporter exported in Africa, with a CAGR of +51.7% from 2012-2021. From 2012 to 2021, the share of South Africa and Madagascar increased by +50 and +3.3 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest coniferous roundwood supplier in Africa, comprising 81% of total exports. The second position in the ranking was held by Madagascar ($X), with a 17% share of total exports.

In South Africa, coniferous roundwood exports increased at an average annual rate of +39.8% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Africa amounted to $X per cubic meter, surging by 54% against the previous year. Export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue 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 South Africa totaled $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Madagascar (+12.0%).

Coniferous Roundwood Imports

Imports in Africa

In 2021, overseas purchases of roundwood (coniferous) were finally on the rise to reach X cubic meters after five years of decline. Overall, imports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 when imports increased by 343% against the previous year. Over the period under review, imports hit record highs at X cubic meters in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, coniferous roundwood imports soared to $X in 2021. Over the period under review, imports, however, recorded a deep reduction. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Algeria (X cubic meters), Morocco (X cubic meters), Ghana (X cubic meters), Mozambique (X cubic meters) and Nigeria (X cubic meters) was the main importer of roundwood (coniferous) in Africa, creating 74% of total import. Democratic Republic of the Congo (X cubic meters) ranks next in terms of the total imports with a 5.2% share, followed by Botswana (5%) and Lesotho (4.6%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Nigeria (with a CAGR of +112.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest coniferous roundwood importing markets in Africa were Nigeria ($X), Morocco ($X) and Ghana ($X), together comprising 62% of total imports.

In terms of the main importing countries, Nigeria, with a CAGR of +117.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Africa amounted to $X per cubic meter, declining by -8.9% against the previous year. Overall, the import price, however, enjoyed a perceptible expansion. The growth pace was the most rapid in 2013 when the import price increased by 291% against the previous year. As a result, import price reached the peak level of $X per cubic meter. From 2014 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Nigeria ($X per cubic meter), while Democratic Republic of the Congo ($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 Botswana (+12.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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