Western Africa: Market for Wood Chips And Particles 2024

Market Size for Wood Chips And Particles in Western Africa

After three years of growth, the West African wood chips and particles market decreased by X% to $X in 2022. Over the period under review, consumption, however, saw a strong increase. Over the period under review, the market reached the peak level at $X in 2021, and then declined in the following year.

Production of Wood Chips And Particles in Western Africa

In value terms, wood chips and particles production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Wood Chips And Particles

Exports in Western Africa

In 2022, after two years of decline, there was significant growth in shipments abroad of wood chips and particles, when their volume increased by X% to X cubic meters. Over the period under review, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of export peaked at X cubic meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, wood chips and particles exports amounted to $X in 2022. In general, exports, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Gambia represented the largest exporter of wood chips and particles in Western Africa, with the volume of exports reaching X cubic meters, which was approx. X% of total exports in 2022. It was distantly followed by Liberia (X cubic meters), making up a X% share of total exports.

Gambia was also the fastest-growing in terms of the wood chips and particles exports, with a CAGR of X% from 2012 to 2022. Liberia (X%) illustrated a downward trend over the same period. While the share of Gambia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Liberia (X p.p.) displayed negative dynamics.

In value terms, the largest wood chips and particles supplying countries in Western Africa were Gambia ($X) and Liberia ($X).

In terms of the main exporting countries, Gambia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per cubic meter, reducing by X% against the previous year. Overall, the export price showed a perceptible curtailment. The growth pace was the most rapid in 2014 when the export price increased by X%. The level of export peaked at $X per cubic meter in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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 Liberia ($X per cubic meter), while Gambia totaled $X per cubic meter.

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

Imports of Wood Chips And Particles

Imports in Western Africa

In 2022, imports of wood chips and particles in Western Africa reduced sharply to X cubic meters, which is down by X% on 2021 figures. In general, imports faced a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by X%. The volume of import peaked at X cubic meters in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, wood chips and particles imports fell remarkably to $X in 2022. Over the period under review, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Nigeria was the main importing country with an import of about X cubic meters, which amounted to X% of total imports. Gambia (X cubic meters) ranks second in terms of the total imports with a X% share, followed by Niger (X%). The following importers - Cote d'Ivoire (X cubic meters) and Ghana (X cubic meters) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Niger (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Nigeria ($X) constitutes the largest market for imported wood chips and particles in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Gambia ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

In Nigeria, wood chips and particles 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: Gambia (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per cubic meter, dropping by X% against the previous year. Over the period under review, the import price continues to indicate a mild slump. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per cubic meter in 2018; however, from 2019 to 2022, import prices stood at a somewhat 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 Cote d'Ivoire ($X per cubic meter), while Gambia ($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 Ghana (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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