ECOWAS: Market for Saw Logs And Veneer Logs (Coniferous) 2024

Market Size for Saw Logs And Veneer Logs (Coniferous) in ECOWAS

The ECOWAS market for saw logs and veneer logs (coniferous) reduced to $X in 2023, with a decrease of X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Saw Logs And Veneer Logs (Coniferous) in ECOWAS

In value terms, production of saw logs and veneer logs (coniferous) soared to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2023, production of growth remained at a somewhat lower figure.

Exports of Saw Logs And Veneer Logs (Coniferous)

Exports in ECOWAS

After two years of growth, overseas shipments of saw logs and veneer logs (coniferous) decreased by X% to X cubic meters in 2023. In general, exports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2018 to 2023, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of saw logs and veneer logs (coniferous) declined slightly to $X in 2023. Overall, exports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, the exports reached the peak of $X. From 2018 to 2023, the growth of the exports of failed to regain momentum.

Exports by Country

Togo was the largest exporter of saw logs and veneer logs (coniferous) in ECOWAS, with the volume of exports finishing at X cubic meters, which was near X% of total exports in 2023. Ghana (X cubic meters) ranks second in terms of the total exports with a X% share, followed by Nigeria (X%) and Cote d'Ivoire (X%).

Togo was also the fastest-growing in terms of the saw logs and veneer logs (coniferous) exports, with a CAGR of X% from 2012 to 2023. At the same time, Nigeria (X%) and Ghana (X%) displayed positive paces of growth. By contrast, Cote d'Ivoire (X%) illustrated a downward trend over the same period. Togo (X p.p.), Ghana (X p.p.) and Nigeria (X p.p.) significantly strengthened its position in terms of the total exports, while Cote d'Ivoire saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Togo ($X) remains the largest saw logs and veneer logs (coniferous) supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports. It was followed by Nigeria, with an X% share.

In Togo, exports of saw logs and veneer logs (coniferous) expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (X% per year) and Nigeria (X% per year).

Export Prices by Country

In 2023, the export price in ECOWAS amounted to $X per cubic meter, stabilizing at the previous year. Overall, the export price, however, continues to indicate a mild reduction. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The level of export peaked at $X per cubic meter in 2012; however, from 2013 to 2023, 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 Ghana ($X per cubic meter), while Cote d'Ivoire ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Togo (X%), while the other leaders experienced a decline in the export price figures.

Imports of Saw Logs And Veneer Logs (Coniferous)

Imports in ECOWAS

Imports of saw logs and veneer logs (coniferous) declined dramatically to X cubic meters in 2023, waning by X% on the previous year. Overall, imports showed a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X cubic meters. From 2019 to 2023, the growth of imports of remained at a lower figure.

In value terms, imports of saw logs and veneer logs (coniferous) shrank dramatically to $X in 2023. In general, imports recorded a perceptible decrease. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Nigeria (X cubic meters) and Senegal (X cubic meters) prevails in (coniferous) structure, together achieving X% of total imports. It was distantly followed by Ghana (X cubic meters), making up an X% share of total imports. The following importers - Gambia (X cubic meters), Cabo Verde (X cubic meters), Liberia (X cubic meters) and Niger (X cubic meters) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Niger (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported saw logs and veneer logs (coniferous) in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Senegal ($X), with a X% share of total imports. It was followed by Ghana, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Nigeria totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Senegal (X% per year) and Ghana (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per cubic meter in 2023, rising by X% against the previous year. Overall, the import price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices attained the peak figure in 2023 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, 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 2023, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform