Western Africa: Market for Wood Chips, Particles And Residues 2024

Market Size for Wood Chips, Particles And Residues in Western Africa

In 2021, the West African market for wood chips, particles and residues was finally on the rise to reach $X after two years of decline. Overall, consumption showed a resilient expansion. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Wood Chips, Particles And Residues in Western Africa

In value terms, wood chips, particles and residues production contracted significantly to $X in 2021 estimated in export price. In general, production saw a dramatic contraction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Wood Chips, Particles And Residues

Exports in Western Africa

In 2021, exports of wood chips, particles and residues in Western Africa declined modestly to X cubic meters, remaining stable against the previous year. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports attained the maximum at X cubic meters in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood chips, particles and residues exports reduced to $X in 2021. In general, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Liberia (X cubic meters) represented the largest exporter of wood chips, particles and residues, generating X% of total exports. Nigeria (X cubic meters) held the second position in the ranking, followed by Senegal (X cubic meters). All these countries together held near X% share of total exports.

Exports from Liberia decreased at an average annual rate of X% from 2012 to 2021. At the same time, Senegal (X%) and Nigeria (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2021. While the share of Liberia (X p.p.), Nigeria (X p.p.) and Senegal (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Liberia ($X) remains the largest wood chips, particles and residues supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Nigeria ($X), with a X% share of total exports.

In Liberia, wood chips, particles and residues exports contracted by an average annual rate of X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Senegal (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per cubic meter in 2021, shrinking by X% against the previous year. Export price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wood chips, particles and residues export price decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 when the export price increased by X%. The level of export peaked at $X per cubic meter in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nigeria ($X per cubic meter), while Senegal ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Liberia (X%), while the other leaders experienced a decline in the export price figures.

Imports of Wood Chips, Particles And Residues

Imports in Western Africa

In 2021, overseas purchases of wood chips, particles and residues were finally on the rise to reach X cubic meters after seven years of decline. Over the period under review, imports, however, continue to indicate a abrupt decline. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of X cubic meters. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, wood chips, particles and residues imports shrank remarkably to $X in 2021. In general, imports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of wood chips, particles and residues, namely Mali, Ghana and Nigeria, represented more than two-thirds of total import. Cote d'Ivoire (X cubic meters) ranks next in terms of the total imports with a X% share, followed by Gambia (X%). Burkina Faso (X cubic meters) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Gambia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Ghana ($X) and Cote d'Ivoire ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising X% of total imports. Mali, Gambia and Burkina Faso lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Gambia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per cubic meter, falling by X% against the previous year. Overall, the import price showed a slight downturn. The growth pace was the most rapid in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per cubic meter in 2018; however, from 2019 to 2021, 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 ($X per cubic meter), while Burkina Faso ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, 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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