Africa: Roundwood Market 2024

Roundwood Market Size in Africa

In 2022, the African roundwood market increased by X% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Roundwood Production in Africa

In value terms, roundwood production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Roundwood Exports

Exports in Africa

In 2022, the amount of roundwood exported in Africa surged to X cubic meters, with an increase of X% compared with the year before. Overall, exports enjoyed a strong increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, roundwood exports amounted to $X in 2022. Total exports indicated a buoyant 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa dominates exports structure, accounting for X cubic meters, which was near X% of total exports in 2022. It was distantly followed by Tanzania (X cubic meters), mixing up a X% share of total exports. Morocco (X cubic meters), Cote d'Ivoire (X cubic meters), Ghana (X cubic meters), Namibia (X cubic meters) and Egypt (X cubic meters) followed a long way behind the leaders.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Morocco (X%), Tanzania (X%), Egypt (X%), Namibia (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Ghana (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa, Tanzania, Morocco, Cote d'Ivoire, Namibia and Egypt increased by X, X, X, X, X and X percentage points, respectively.

In value terms, the largest roundwood supplying countries in Africa were South Africa ($X), Ghana ($X) and Tanzania ($X), with a combined X% share of total exports. Namibia, Egypt, Morocco and Cote d'Ivoire lagged somewhat behind, together accounting for a further X%.

Morocco, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per cubic meter, declining by X% against the previous year. Overall, the export price saw a abrupt slump. The pace of growth appeared the most rapid in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per cubic meter in 2017; however, from 2018 to 2022, the export prices stood at a somewhat 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 Ghana ($X per cubic meter), while Cote d'Ivoire (less than $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 a decline in the export price figures.

Roundwood Imports

Imports in Africa

In 2022, roundwood imports in Africa surged to X cubic meters, with an increase of X% compared with 2021. Overall, imports recorded a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, roundwood imports expanded rapidly to $X in 2022. Total imports indicated a modest 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 2020 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The countries with the highest levels of roundwood imports in 2022 were South Africa (X cubic meters), together accounting for X% of total import.

South Africa was also the fastest-growing in terms of the roundwood imports, with a CAGR of X% from 2012 to 2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported roundwood in Africa.

From 2012 to 2022, the average annual growth rate of value in South Africa totaled X%.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per thousand cubic meters, with a decrease of X% against the previous year. Overall, the import price saw a abrupt setback. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, import prices attained the peak figure at $X per thousand cubic meters in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to X% per year.

Source: IndexBox Platform

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