Africa: Spruce Wood Market 2020

Spruce Wood Market Size in Africa

The revenue of the spruce wood market in Africa amounted to $X in 2017, increasing by X% against the previous year. The market value increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2017, when it surged by X% y-o-y. The level of spruce wood consumption peaked of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Spruce Wood Production in Africa

In 2017, the amount of spruce wood produced in Africa amounted to X cubic meters, leveling off at the previous year. The spruce wood production continues to indicate a slight expansion. The pace of growth appeared the most rapid in 2016, when it surged by X% year-to-year. The volume of spruce wood production peaked in 2017, and is expected to retain its growth in the immediate term.

Spruce Wood Exports in Africa

In 2017, exports of spruce wood in Africa stood at X cubic meters, coming down by -X% against the previous year. The spruce wood exports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2014, with an increase of X% y-o-y. Over the period under review, the spruce wood exports reached its maximum volume of X cubic meters in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, spruce wood exports stood at $X in 2017. The spruce wood exports continue to indicate a mild drop. Over the period under review, the spruce wood exports attained its maximum level of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Spruce Wood Exports by Country in Africa

Ghana was the key exporting country with an export of about X cubic meters, which accounted for X% of total exports. South Africa (X cubic meters) ranks second in terms of the global exports with a X% share, followed by Zimbabwe (X%), Mozambique (X%), Sierra Leone (X%) and Zambia (X%). Madagascar (X cubic meters) took the mild share of total exports.

From 2007 to 2017, average annual rates of growth with regard to spruce wood exports from Ghana stood at +X%. At the same time, Sierra Leone (+X%), Mozambique (+X%) and Zambia (+X%) displayed positive paces of growth. Moreover, Sierra Leone emerged as the fastest growing exporter in Africa, with a CAGR of +X% from 2007-2017. By contrast, Zimbabwe (-X%), South Africa (-X%) and Madagascar (-X%) illustrated a downward trend over the same period. While the share of South Africa (X%), Zimbabwe (X%) and Madagascar (X%) increased significantly in terms of the global exports from 2007-2017, the share of Zambia (-X%), Sierra Leone (-X%), Mozambique (-X%) and Ghana (-X%) displayed negative dynamics.

In value terms, Ghana ($X) remains the largest spruce wood supplier in Africa, making up X% of global exports. The second position in the ranking was occupied by South Africa ($X), with a X% share of global exports. It was followed by Mozambique, with a X% share.

In Ghana, spruce wood exports expanded at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: South Africa (-X% per year) and Mozambique (+X% per year).

Spruce Wood Export Prices by Country in Africa

In 2017, the spruce wood export price in Africa amounted to $X per cubic meter, coming up by X% against the previous year. The spruce wood export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017, when the export prices increased by X% against the previous year. The level of export price peaked of $X per cubic meter in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Zambia ($X per cubic meter), while Zimbabwe ($X per cubic meter) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Zambia (-X% per year), while the other leaders experienced a decline in the export price figures.

Spruce Wood Imports in Africa

In 2017, approx. X cubic meters of spruce wood were imported in Africa; picking up by X% against the previous year. The total imports indicated a prominent expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2017, with an increase of X% year-to-year. In that year, the spruce wood imports attained their peak volume, and are likely to continue its growth in the immediate term.

In value terms, spruce wood imports stood at $X in 2017. The spruce wood imports continue to indicate a relatively flat trend pattern. In that year, the spruce wood imports reached their peak level of $X. From 2015 to 2017, growth of the spruce wood imports failed to regain its momentum.

Spruce Wood Imports by Country in Africa

In 2017, Egypt (X cubic meters) was the major importer for spruce wood, mixed up X% of total imports. Algeria (X cubic meters) took a X% share (based on tons) of total imports, which put it in second place, followed by Morocco (X%). Tunisia (X cubic meters) held the weak share of total imports.

Imports into Egypt increased at an average annual rate of +X% from 2007 to 2017. At the same time, Algeria (+X%) and Tunisia (+X%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest growing importer in Africa, with a CAGR of +X% from 2007-2017. By contrast, Morocco (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Morocco increased by X% percentage points, while Algeria (-X%) and Egypt (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest spruce wood markets worldwide were Egypt ($X), Algeria ($X) and Morocco ($X), with a combined X% share of total imports.

Algeria (+X% per year) experienced the highest rates of growth with regard to imports, among the main importing countries over the last decade, while the other leaders experienced mixed trends in the imports figures.

Spruce Wood Import Prices by Country in Africa

The spruce wood import price in Africa stood at $X per cubic meter in 2017, dropping by -X% against the previous year. The spruce wood import price continues to indicate a drastic decline. The most prominent rate of growth was recorded in 2014, when it surged by X% y-o-y. The level of import price peaked of $X per cubic meter in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Morocco ($X per cubic meter), while Egypt ($X per cubic meter) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Morocco (-X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform