Africa: Sawnwood Market 2024

Sawnwood Market Size in Africa

For the fourth consecutive year, the African sawnwood market recorded decline in sales value, which decreased by X% to $X in 2022. In general, consumption, however, continues to indicate a noticeable setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Sawnwood Production in Africa

In value terms, sawnwood production stood at $X in 2022 estimated in export price. Over the period under review, production, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Sawnwood Exports

Exports in Africa

In 2022, overseas shipments of sawnwood increased by X% to X cubic meters, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, sawnwood exports amounted to $X in 2022. Total exports indicated resilient growth 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 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

In 2022, Cameroon (X cubic meters) and Gabon (X cubic meters) were the major exporters of sawnwood in Africa, together reaching approx. X% of total exports. Congo (X cubic meters) held the next position in the ranking, followed by South Africa (X cubic meters) and Swaziland (X cubic meters). All these countries together held near X% share of total exports. Ghana (X cubic meters), Tanzania (X cubic meters), Cote d'Ivoire (X cubic meters) and Nigeria (X cubic meters) followed a long way behind the leaders.

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

In value terms, Cameroon ($X), Gabon ($X) and Congo ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Ghana, Swaziland, South Africa, Cote d'Ivoire, Tanzania and Nigeria lagged somewhat behind, together accounting for a further X%.

Nigeria, with a CAGR of X%, saw the highest growth rate of 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 2022, shrinking by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the export price increased by X%. The level of export peaked at $X per cubic meter in 2021, and then reduced modestly in the following year.

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 Congo ($X per cubic meter), while South Africa ($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 South Africa (X%), while the other leaders experienced a decline in the export price figures.

Sawnwood Imports

Imports in Africa

For the fourth consecutive year, Africa recorded decline in purchases abroad of sawnwood, which decreased by X% to X cubic meters in 2022. Over the period under review, imports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X cubic meters. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, sawnwood imports fell to $X in 2022. In general, imports showed a slight shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Algeria (X cubic meters) and Egypt (X cubic meters) represented roughly X% of total imports in 2022. Morocco (X cubic meters) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Tunisia (X%), South Africa (X%) and Libya (X%). Somalia (X cubic meters) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Somalia (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Egypt ($X), Algeria ($X) and Morocco ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Tunisia, South Africa, Somalia and Libya lagged somewhat behind, together accounting for a further X%.

Somalia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per cubic meter, with an increase of X% against the previous year. Import price indicated a mild expansion from 2012 to 2022: its price 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, sawnwood import price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per cubic meter), while Libya ($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 South Africa (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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