Africa: Market for Wood Residues, Pellets And Other Agglomerates 2024

Market Size for Wood Residues, Pellets And Other Agglomerates in Africa

The African market for wood residues, pellets and other agglomerates contracted to $X in 2022, declining by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Wood Residues, Pellets And Other Agglomerates in Africa

In value terms, production of wood residues, pellets and other agglomerates expanded to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth remained at a lower figure.

Exports of Wood Residues, Pellets And Other Agglomerates

Exports in Africa

In 2022, exports of wood residues, pellets and other agglomerates in Africa skyrocketed to X cubic meters, with an increase of X% against the previous year. In general, exports, however, saw a perceptible downturn. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at X cubic meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of wood residues, pellets and other agglomerates soared to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Nigeria (X cubic meters), distantly followed by Egypt (X cubic meters), Namibia (X cubic meters), South Africa (X cubic meters), Benin (X cubic meters) and Swaziland (X cubic meters) represented the major exporters of wood residues, pellets and other agglomerates, together committing X% of total exports. Tunisia (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Benin (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), Benin ($X) and Nigeria ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, Benin, with a CAGR of X%, recorded the highest growth rate of the value of exports, 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, approximately mirroring the previous year. Export price indicated a mild increase 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, export price for wood residues, pellets and other agglomerates decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of X%. The level of export peaked at $X per cubic meter in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Benin ($X per cubic meter), while Swaziland ($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 Tunisia (X%), while the other leaders experienced more modest paces of growth.

Imports of Wood Residues, Pellets And Other Agglomerates

Imports in Africa

After two years of growth, purchases abroad of wood residues, pellets and other agglomerates decreased by X% to X cubic meters in 2022. Overall, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports of attained the maximum at X cubic meters in 2021, and then shrank modestly in the following year.

In value terms, imports of wood residues, pellets and other agglomerates expanded rapidly to $X in 2022. Over the period under review, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

South Africa dominates agglomerates structure, accounting for X cubic meters, which was approx. X% of total imports in 2022. It was distantly followed by Botswana (X cubic meters) and Sudan (X cubic meters), together mixing up a X% share of total imports. Mauritania (X cubic meters) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to wood residues, pellets and other agglomerates imports into South Africa stood at X%. At the same time, Sudan (X%), Mauritania (X%) and Botswana (X%) displayed positive paces of growth. Moreover, Sudan emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. While the share of Botswana (X p.p.) and Sudan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sudan ($X) constitutes the largest market for imported wood residues, pellets and other agglomerates in Africa, comprising X% of total imports. The second position in the ranking was held by South Africa ($X), with a X% share of total imports. It was followed by Botswana, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Sudan amounted to X%. In the other countries, the average annual rates were as follows: South Africa (X% per year) and Botswana (X% per year).

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. Over the period under review, the import price saw a pronounced increase. The growth pace was the most rapid in 2018 when the import price increased by X%. The level of import peaked at $X per cubic meter in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sudan ($X per cubic meter), while South Africa (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 Sudan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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