Western Africa: Wood Pulp Market 2023

Wood Pulp Market Size in Western Africa

The West African wood pulp market reached $X in 2022, approximately equating the previous year. Overall, consumption, however, recorded resilient growth. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in the near future.

Wood Pulp Production in Western Africa

In value terms, wood pulp production dropped sharply to $X in 2022 estimated in export price. Overall, production showed a abrupt descent. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Wood Pulp Exports

Exports in Western Africa

In 2022, wood pulp exports in Western Africa surged to X tons, picking up by X% against 2021. In general, exports, however, recorded a abrupt decline. The growth pace was the most rapid in 2019 when exports increased by X,859%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, wood pulp exports surged to $X in 2022. Over the period under review, exports, however, saw a mild decline. The pace of growth appeared the most rapid in 2019 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Senegal dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Mauritania (X tons), making up a X% share of total exports.

Senegal was also the fastest-growing in terms of the wood pulp exports, with a CAGR of X% from 2012 to 2022. Mauritania (X%) illustrated a downward trend over the same period. While the share of Senegal (X p.p.) and Mauritania (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) emerged as the largest wood pulp supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Mauritania ($X), with an X% share of total exports.

In Senegal, wood pulp exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price, however, saw strong growth. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2018; however, from 2019 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 Mauritania ($X per ton), while Senegal amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (X%).

Wood Pulp Imports

Imports in Western Africa

Wood pulp imports skyrocketed to X tons in 2022, increasing by X% compared with 2021 figures. In general, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, wood pulp imports soared to $X in 2022. Overall, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Nigeria (X tons) represented the major importer of wood pulp, generating X% of total imports. It was distantly followed by Ghana (X tons), Senegal (X tons) and Cote d'Ivoire (X tons), together creating a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to wood pulp imports into Nigeria stood at X%. At the same time, Senegal (X%), Ghana (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. Senegal (X p.p.) and Ghana (X p.p.) significantly strengthened its position in terms of the total imports, while Nigeria saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported wood pulp in Western Africa, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with an X% share of total imports. It was followed by Cote d'Ivoire, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price, however, recorded a mild decline. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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