ECOWAS: Sawnwood (Coniferous) Market 2024

Sawnwood (Coniferous) Market Size in ECOWAS

In 2022, the ECOWAS sawnwood (coniferous) market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, showed a perceptible decrease. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Sawnwood (Coniferous) Production in ECOWAS

In value terms, sawnwood (coniferous) production stood at $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Sawnwood (Coniferous) Exports

Exports in ECOWAS

Sawnwood (coniferous) exports surged to X cubic meters in 2022, increasing by X% on the year before. In general, exports recorded modest growth. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X cubic meters in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, sawnwood (coniferous) exports declined to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Togo represented the largest exporter of sawnwood (coniferous) in ECOWAS, with the volume of exports amounting to X cubic meters, which was near X% of total exports in 2022. Mali (X cubic meters) ranks second in terms of the total exports with an X% share, followed by Ghana (X%) and Senegal (X%).

Togo was also the fastest-growing in terms of the sawnwood (coniferous) exports, with a CAGR of X.3% from 2012 to 2022. At the same time, Senegal (X%) and Mali (X%) displayed positive paces of growth. By contrast, Ghana (X%) illustrated a downward trend over the same period. While the share of Togo (X p.p.), Mali (X p.p.) and Senegal (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Ghana (X p.p.) displayed negative dynamics.

In value terms, Togo ($X), Ghana ($X) and Senegal ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Among the main exporting countries, Togo, with a CAGR of X.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in ECOWAS stood at $X per cubic meter in 2022, falling by X% against the previous year. Overall, the export price continues to indicate a abrupt descent. The growth pace was the most rapid in 2019 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per cubic meter. From 2020 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 Ghana ($X per cubic meter), while Mali ($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 Togo (X.6%), while the other leaders experienced mixed trends in the export price figures.

Sawnwood (Coniferous) Imports

Imports in ECOWAS

In 2022, approx. X cubic meters of sawnwood (coniferous) were imported in ECOWAS; falling by X% on 2021. Overall, imports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at X cubic meters in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, sawnwood (coniferous) imports declined notably to $X in 2022. In general, imports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Senegal represented the main importer of sawnwood (coniferous) in ECOWAS, with the volume of imports accounting for X cubic meters, which was approx. X% of total imports in 2022. Cabo Verde (X cubic meters) took the second position in the ranking, followed by Gambia (X cubic meters), Guinea-Bissau (X cubic meters) and Ghana (X cubic meters). All these countries together took near X% share of total imports. The following importers - Togo (X cubic meters) and Burkina Faso (X cubic meters) - each accounted for a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to sawnwood (coniferous) imports into Senegal stood at X%. At the same time, Togo (X%), Burkina Faso (X%), Gambia (X%), Guinea-Bissau (X%) and Cabo Verde (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Ghana (X%) illustrated a downward trend over the same period. Gambia (X p.p.), Guinea-Bissau (X p.p.), Senegal (X p.p.), Togo (X p.p.) and Burkina Faso (X p.p.) significantly strengthened its position in terms of the total imports, while Cabo Verde and Ghana saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the largest sawnwood (coniferous) importing markets in ECOWAS were Senegal ($X), Cabo Verde ($X) and Gambia ($X), with a combined X% share of total imports. Guinea-Bissau, Togo, Ghana and Burkina Faso lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Togo, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ECOWAS stood at $X per cubic meter in 2022, rising by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per cubic meter in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

Source: IndexBox Platform

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