Africa: Market for Saw Logs And Veneer Logs (Non-Coniferous) 2024

Market Size for Saw Logs And Veneer Logs (Non-Coniferous) in Africa

The African market for saw logs and veneer logs (non-coniferous) was estimated at $X in 2023, almost unchanged from the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2023, consumption failed to regain momentum.

Production of Saw Logs And Veneer Logs (Non-Coniferous) in Africa

In value terms, production of saw logs and veneer logs (non-coniferous) reached $X in 2023 estimated in export price. Over the period under review, production recorded a noticeable descent. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production of reached the maximum level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Exports of Saw Logs And Veneer Logs (Non-Coniferous)

Exports in Africa

Exports of saw logs and veneer logs (non-coniferous) fell to X cubic meters in 2023, reducing by X% against the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded 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 2023, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of saw logs and veneer logs (non-coniferous) shrank to $X in 2023. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

Exports by Country

Cameroon (X cubic meters) and Congo (X cubic meters) represented the main exporters of saw logs and veneer logs (non-coniferous) in 2023, finishing at approx. X% and X% of total exports, respectively. Equatorial Guinea (X cubic meters) ranks next in terms of the total exports with an X% share, followed by Sierra Leone (X%) and Democratic Republic of the Congo (X%). Ghana (X cubic meters), South Africa (X cubic meters), Central African Republic (X cubic meters), Mali (X cubic meters), Liberia (X cubic meters), Zambia (X cubic meters) and Mozambique (X cubic meters) took a little share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Zambia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Congo ($X), Cameroon ($X) and Sierra Leone ($X) appeared to be the countries with the highest levels of exports in 2023, together comprising X% of total exports. Equatorial Guinea, Ghana, Democratic Republic of the Congo, Central African Republic, Mali, Liberia, South Africa, Zambia and Mozambique lagged somewhat behind, together comprising a further X%.

Mali, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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

The export price in Africa stood at $X per cubic meter in 2023, flattening at the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of export peaked at $X per cubic meter in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Sierra Leone ($X per cubic meter), while Mozambique ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Central African Republic (X%), while the other leaders experienced more modest paces of growth.

Imports of Saw Logs And Veneer Logs (Non-Coniferous)

Imports in Africa

In 2023, the amount of saw logs and veneer logs (non-coniferous) imported in Africa contracted significantly to X cubic meters, shrinking by X% against the previous year's figure. In general, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2018 when imports increased by X%. As a result, imports reached the peak of X cubic meters. From 2019 to 2023, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of saw logs and veneer logs (non-coniferous) dropped remarkably to $X in 2023. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2023, the growth of imports of failed to regain momentum.

Imports by Country

Morocco (X cubic meters), Egypt (X cubic meters) and Mauritania (X cubic meters) represented roughly X% of total imports in 2023. Algeria (X cubic meters) took the next position in the ranking, distantly followed by Mauritius (X cubic meters). All these countries together held near X% share of total imports. Tunisia (X cubic meters) and Senegal (X cubic meters) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Algeria (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Egypt ($X), Mauritius ($X) and Algeria ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Algeria, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Africa amounted to $X per cubic meter, dropping by X% against the previous year. Import price indicated a moderate expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, import price for saw logs and veneer logs (non-coniferous) decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. As a result, import price attained the peak level of $X per cubic meter. From 2020 to 2023, the import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform