Western Africa: Plywood Market 2024

Plywood Market Size in Western Africa

The West African plywood market expanded significantly to $X in 2023, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Plywood Production in Western Africa

In value terms, plywood production expanded to $X in 2023 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2023, production growth failed to regain momentum.

Plywood Exports

Exports in Western Africa

After two years of growth, shipments abroad of plywood decreased by X% to X cubic meters in 2023. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X cubic meters in 2022, and then shrank in the following year.

In value terms, plywood exports totaled $X in 2023. In general, exports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Cote d'Ivoire (X cubic meters) represented the main exporter of plywood, mixing up X% of total exports. It was distantly followed by Ghana (X cubic meters), making up a X% share of total exports. Senegal (X cubic meters) followed a long way behind the leaders.

Cote d'Ivoire was also the fastest-growing in terms of the plywood exports, with a CAGR of X% from 2012 to 2023. Ghana (X%) and Senegal (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Cote d'Ivoire increased by X percentage points.

In value terms, Cote d'Ivoire ($X) remains the largest plywood supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Cote d'Ivoire was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (X% per year) and Senegal (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per cubic meter in 2023, growing by X% against the previous year. In general, the export price, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per cubic meter in 2012; however, from 2013 to 2023, 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 Senegal ($X per cubic meter), while Ghana ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced a decline in the export price figures.

Plywood Imports

Imports in Western Africa

In 2023, approx. X cubic meters of plywood were imported in Western Africa; picking up by X% on 2022 figures. Total imports indicated moderate growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of import peaked at X cubic meters in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, plywood imports expanded notably to $X in 2023. Over the period under review, imports saw a notable expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

Ghana (X cubic meters) and Senegal (X cubic meters) represented the largest importers of plywood in 2023, amounting to approx. X% and X% of total imports, respectively. It was distantly followed by Niger (X cubic meters), Burkina Faso (X cubic meters), Benin (X cubic meters), Mali (X cubic meters), Togo (X cubic meters) and Guinea (X cubic meters), together mixing up a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Ghana (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Senegal ($X) and Guinea ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

Ghana, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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 Western Africa stood at $X per cubic meter in 2023, remaining relatively unchanged against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per cubic meter in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Guinea ($X per cubic meter), while Niger ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, 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