SADC: Wood-Based Panels Market 2023

Wood-Based Panels Market Size in SADC

In 2022, the SADC wood-based panels market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when the market value increased by X%. As a result, consumption attained the peak level of $X, and then fell slightly in the following year.

Wood-Based Panels Production in SADC

In value terms, wood-based panels production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 2022, production growth remained at a somewhat lower figure.

Wood-Based Panels Exports

Exports in SADC

In 2022, overseas shipments of wood-based panels increased by X% to X cubic meters, rising for the second year in a row after two years of decline. Total exports indicated resilient growth from 2012 to 2022: its volume 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 pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, wood-based panels exports surged to $X in 2022. Total exports indicated prominent 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 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

South Africa was the key exporter of wood-based panels in SADC, with the volume of exports recording X cubic meters, which was approx. X% of total exports in 2022. It was distantly followed by Tanzania (X cubic meters), Swaziland (X cubic meters) and Malawi (X cubic meters), together achieving a X% share of total exports. Zimbabwe (X cubic meters) held a relatively small share of total exports.

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

In value terms, South Africa ($X) remains the largest wood-based panels supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Tanzania ($X), with a X% share of total exports. It was followed by Malawi, with a X% share.

In South Africa, wood-based panels exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Tanzania (X% per year) and Malawi (X% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per cubic meter, remaining relatively unchanged against the previous year. In general, the export price showed a pronounced downturn. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The level of export peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per cubic meter), while Swaziland ($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 Malawi (X%), while the other leaders experienced a decline in the export price figures.

Wood-Based Panels Imports

Imports in SADC

In 2022, approx. X cubic meters of wood-based panels were imported in SADC; falling by X% on the previous year. The total import 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 most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X cubic meters, and then declined modestly in the following year.

In value terms, wood-based panels imports expanded sharply to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

South Africa represented the main importing country with an import of about X cubic meters, which amounted to X% of total imports. Zimbabwe (X cubic meters) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Mauritius (X%), Mozambique (X%), Tanzania (X%), Zambia (X%) and Angola (X%).

From 2012 to 2022, average annual rates of growth with regard to wood-based panels imports into South Africa stood at X%. At the same time, Mozambique (X%), Zambia (X%), Mauritius (X%) and Zimbabwe (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Tanzania (X%) and Angola (X%) illustrated a downward trend over the same period. While the share of Mozambique (X p.p.), Zimbabwe (X p.p.), Mauritius (X p.p.) and Zambia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Africa (X p.p.), Tanzania (X p.p.) and Angola (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) constitutes the largest market for imported wood-based panels in SADC, comprising X% of total imports. The second position in the ranking was taken by Zimbabwe ($X), with an X% share of total imports. It was followed by Mauritius, with an X% share.

In South Africa, wood-based panels imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Zimbabwe (X% per year) and Mauritius (X% per year).

Import Prices by Country

The import price in SADC stood at $X per cubic meter in 2022, with an increase of X% against the previous year. In general, the import price, however, continues to indicate a mild descent. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price reached the peak level of $X per cubic meter. From 2015 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mauritius ($X per cubic meter), while Zimbabwe ($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 Tanzania (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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