Ghana: Veneer Sheets Market 2024

Veneer Sheets Market Size in Ghana

The Ghanian veneer sheets market fell modestly to $X in 2022, declining by X% against the previous year. In general, consumption saw a pronounced descent. Veneer sheets consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Veneer Sheets Production in Ghana

In value terms, veneer sheets production dropped modestly to $X in 2022 estimated in export price. In general, production showed a noticeable shrinkage. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Veneer sheets production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Veneer Sheets Exports

Exports from Ghana

Veneer sheets exports from Ghana shrank modestly to X cubic meters in 2022, leveling off at 2021. Overall, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports reached the maximum at X cubic meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, veneer sheets exports declined to $X in 2022. Over the period under review, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X cubic meters) was the main destination for veneer sheets exports from Ghana, accounting for a X% share of total exports. Moreover, veneer sheets exports to Italy exceeded the volume sent to the second major destination, the United Arab Emirates (X cubic meters), threefold. The United States (X cubic meters) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and the United States (X% per year).

In value terms, Italy ($X), the United States ($X) and Canada ($X) constituted the largest markets for veneer sheets exported from Ghana worldwide, together comprising X% of total exports. The United Arab Emirates, Egypt, Lebanon, Burkina Faso, Vietnam, India, Greece, Spain, Morocco and China lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

The average veneer sheets export price stood at $X per cubic meter in 2022, with a decrease of X% against the previous year. In general, the export price continues to indicate a mild decline. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per cubic meter), while the average price for exports to Burkina Faso ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (X%), while the prices for the other major destinations experienced more modest paces of growth.

Veneer Sheets Imports

Imports into Ghana

In 2022, approx. X cubic meters of veneer sheets were imported into Ghana; surging by X% on the year before. Over the period under review, imports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2014 when imports increased by X%. Imports peaked at X cubic meters in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, veneer sheets imports skyrocketed to $X in 2022. In general, imports posted buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

China (X cubic meters), the United Arab Emirates (X cubic meters) and Tanzania (X cubic meters) were the main suppliers of veneer sheets imports to Ghana, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of veneer sheets to Ghana, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an X% share of total imports. It was followed by Tanzania, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Tanzania (X% per year).

Import Prices by Country

In 2022, the average veneer sheets import price amounted to $X per cubic meter, falling by X% against the previous year. Over the period under review, the import price, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, average import prices hit record highs at $X per cubic meter in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lebanon ($X per cubic meter), while the price for South Africa ($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 Israel (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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