Africa: Wood Residues Market 2024

Wood Residues Market Size in Africa

In 2020, the African wood residues market decreased by X% to $X, falling for the second year in a row after seven years of growth. In general, consumption enjoyed prominent growth. As a result, consumption reached the peak level of $X. From 2019 to 2020, the growth of the market failed to regain momentum.

Wood Residues Production in Africa

In value terms, wood residues production dropped to $X in 2020 estimated in export price. Over the period under review, production showed a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2020, production growth failed to regain momentum.

Wood Residues Exports

Exports in Africa

In 2020, the amount of wood residues exported in Africa rose rapidly to X cubic meters, increasing by X% on the year before. The total export volume increased at an average annual rate of X% over the period from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The volume of export peaked in 2020 and is expected to retain growth in years to come.

In value terms, wood residues exports stood at $X in 2020. Total exports indicated a buoyant expansion from 2012 to 2020: its value increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports attained the maximum in 2020 and are likely to see gradual growth in years to come.

Exports by Country

Egypt dominates exports structure, recording X cubic meters, which was near X% of total exports in 2020. It was distantly followed by South Africa (X cubic meters), achieving a X% share of total exports. Mozambique (X cubic meters) followed a long way behind the leaders.

Exports from Egypt increased at an average annual rate of X% from 2012 to 2020. At the same time, South Africa (X%) displayed positive paces of growth. Moreover, South Africa emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2020. Mozambique experienced a relatively flat trend pattern. Egypt (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) remains the largest wood residues supplier in Africa, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with a X% share of total exports.

From 2012 to 2020, the average annual growth rate of value in Egypt totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: South Africa (X% per year) and Mozambique (X% per year).

Export Prices by Country

In 2020, the export price in Africa amounted to $X per cubic meter, growing by X% against the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 an increase of X%. The level of export peaked at $X per cubic meter in 2018; however, from 2019 to 2020, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2020, amid the top suppliers, the country with the highest price was Egypt ($X per cubic meter), while Mozambique ($X per cubic meter) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced a decline in the export price figures.

Wood Residues Imports

Imports in Africa

In 2020, supplies from abroad of wood residues increased by X% to X cubic meters, rising for the second consecutive year after two years of decline. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by X%. As a result, imports attained the peak of X cubic meters. From 2017 to 2020, the growth of imports remained at a somewhat lower figure.

In value terms, wood residues imports reached $X in 2020. The total import value increased at an average annual rate of X% over the period from 2012 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2019 with an increase of X%. The level of import peaked in 2020 and is expected to retain growth in the near future.

Imports by Country

Swaziland (X cubic meters) and Reunion (X cubic meters) were the key importers of wood residues in 2020, reaching approx. X% and X% of total imports, respectively. It was distantly followed by Morocco (X cubic meters), Mozambique (X cubic meters), Namibia (X cubic meters), South Africa (X cubic meters) and Zimbabwe (X cubic meters), together making up a X% share of total imports. The following importers - Rwanda (X cubic meters), Zambia (X cubic meters), Mauritania (X cubic meters), Egypt (X cubic meters) and Botswana (X cubic meters) - each amounted to a X% share of total imports.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Mozambique (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported wood residues in Africa, comprising X% of total imports. The second position in the ranking was taken by Morocco ($X), with a X% share of total imports. It was followed by Reunion, with a X% share.

In South Africa, wood residues imports expanded at an average annual rate of X% over the period from 2012-2020. The remaining importing countries recorded the following average annual rates of imports growth: Morocco (X% per year) and Reunion (X% per year).

Import Prices by Country

The import price in Africa stood at $X per cubic meter in 2020, approximately reflecting the previous year. Over the last eight years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2019 when the import price increased by X% against the previous year. The level of import peaked in 2020 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2020, amid the top importers, the country with the highest price was South Africa ($X per cubic meter), while Mozambique ($X per cubic meter) was amongst the lowest.

From 2012 to 2020, 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 import price figures.

Source: IndexBox Platform

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