Western Africa: Sawnwood (Non-Coniferous) Market 2024

Sawnwood (Non-Coniferous) Market Size in Western Africa

The West African sawnwood (non-coniferous) market totaled $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Sawnwood (Non-Coniferous) Production in Western Africa

In value terms, sawnwood (non-coniferous) production stood at $X in 2022 estimated in export price. Overall, production, however, showed a mild slump. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Sawnwood (Non-Coniferous) Exports

Exports in Western Africa

In 2022, shipments abroad of sawnwood (non-coniferous) increased by X% to X cubic meters, rising for the second consecutive year after two years of decline. Total exports indicated a perceptible expansion 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 growth pace was the most rapid in 2013 when exports increased by X%. The volume of export peaked at X cubic meters in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, sawnwood (non-coniferous) exports declined to $X in 2022. Total exports indicated a moderate increase 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 pace of growth was the most pronounced in 2013 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Ghana (X cubic meters) and Cote d'Ivoire (X cubic meters) represented roughly X% of total exports in 2022. Nigeria (X cubic meters) ranks next in terms of the total exports with a X% share, followed by Gambia (X%). Sierra Leone (X cubic meters), Senegal (X cubic meters) and Benin (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 main exporting countries, was attained by Gambia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Cote d'Ivoire ($X) and Nigeria ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Gambia, Sierra Leone, Benin and Senegal lagged somewhat behind, together comprising a further X%.

Gambia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per cubic meter, declining by X% against the previous year. Over the period under review, the export price recorded a noticeable decrease. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per cubic meter in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Benin ($X per cubic meter), while Senegal ($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 Sierra Leone (X%), while the other leaders experienced mixed trends in the export price figures.

Sawnwood (Non-Coniferous) Imports

Imports in Western Africa

In 2022, the amount of sawnwood (non-coniferous) imported in Western Africa fell significantly to X cubic meters, which is down by X% against 2021. Total imports indicated a temperate expansion 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. The pace of growth appeared the most rapid in 2019 when imports increased by X%. The volume of import peaked at X cubic meters in 2021, and then dropped rapidly in the following year.

In value terms, sawnwood (non-coniferous) imports fell rapidly to $X in 2022. Overall, imports saw a mild reduction. The pace of growth was the most pronounced in 2019 when imports increased by X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Senegal represented the main importing country with an import of around X cubic meters, which recorded X% of total imports. Burkina Faso (X cubic meters) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Niger (X%). The following importers - Cabo Verde (X cubic meters) and Mali (X cubic meters) - each resulted at a X% share of total imports.

Imports into Senegal increased at an average annual rate of X% from 2012 to 2022. At the same time, Burkina Faso (X%), Niger (X%) and Cabo Verde (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Mali (X%) illustrated a downward trend over the same period. While the share of Burkina Faso (X p.p.) and Niger (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Senegal (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) constitutes the largest market for imported sawnwood (non-coniferous) in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Niger ($X), with a X% share of total imports. It was followed by Cabo Verde, with a X% share.

In Senegal, sawnwood (non-coniferous) imports shrank by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Niger (X% per year) and Cabo Verde (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per cubic meter in 2022, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price attained the peak level of $X per cubic meter. From 2015 to 2022, the 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 Cabo Verde ($X per cubic meter), while Burkina Faso ($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 Cabo Verde (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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