Price for Wood Chips and Particles in Ghana - 2022
Contents:
- Price for Wood Chips and Particles in Ghana (FOB) - 2022
- Price for Wood Chips and Particles in Ghana (CIF) - 2022
- Exports of Wood Chips and Particles in Ghana
- Imports of Wood Chips and Particles in Ghana
Price for Wood Chips and Particles in Ghana (FOB) - 2022
The average wood chips and particles export price stood at $48 per cubic meter in 2022, reducing by -11.4% against the previous year. Over the period under review, the export price, however, showed a notable increase. The pace of growth appeared the most rapid in 2016 an increase of 258% against the previous year. The export price peaked at $325 per cubic meter in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Niger.
From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to +238.9% per year.
Price for Wood Chips and Particles in Ghana (CIF) - 2022
In 2022, the average wood chips and particles import price amounted to $125 per cubic meter, jumping by 60% against the previous year. Overall, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($461 per cubic meter), while the price for the UK ($3 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+115.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wood Chips and Particles in Ghana
In 2022, the amount of wood chips and particles exported from Ghana fell slightly to 411 cubic meters, with a decrease of -4.6% on the previous year. Over the period under review, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 401% against the previous year. As a result, the exports attained the peak of 431 cubic meters, and then reduced in the following year.
In value terms, wood chips and particles exports contracted rapidly to $20K in 2022. In general, exports faced a deep slump. The smallest decline of -14.1% was in 2020. Over the period under review, the exports hit record highs at $33K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Wood Chips and Particles in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | N/A | N/A | 23.0 | 19.2 | -16.5% |
| Cote d'Ivoire | 0.3 | 27.9 | 0.6 | 0.6 | 26.0% |
| Ireland | 32.3 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 0.2 | 0% |
| Total | 32.5 | 27.9 | 23.6 | 19.9 | -15.1% |
Top Export Markets for Wood Chips and Particles from Ghana in 2022:
- Niger (407.0 cubic meters)
- Cote d'Ivoire (2.0 cubic meters)
Imports of Wood Chips and Particles in Ghana
In 2022, overseas purchases of wood chips and particles decreased by -38.1% to 39 cubic meters, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a significant contraction. The pace of growth was the most pronounced in 2020 with an increase of 84% against the previous year. As a result, imports reached the peak of 656 cubic meters. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, wood chips and particles imports declined slightly to $4.9K in 2022. Overall, imports showed a dramatic slump. The most prominent rate of growth was recorded in 2020 when imports increased by 106%. As a result, imports reached the peak of $72K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Wood Chips and Particles in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 31.2 | 11.9 | 0.7 | 2.0 | -60.0% |
| Belgium | 3.2 | 2.1 | 0.2 | 1.8 | -17.5% |
| Germany | 0.6 | 0.6 | 0.1 | 0.9 | 14.5% |
| Netherlands | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| United Arab Emirates | N/A | N/A | N/A | 0.1 | 0% |
| United Kingdom | N/A | N/A | N/A | N/A | 0% |
| Lebanon | N/A | 57.6 | N/A | N/A | 0% |
| South Africa | N/A | N/A | 3.9 | N/A | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 35.1 | 72.3 | 4.9 | 4.9 | -48.1% |
Top Suppliers of Wood Chips and Particles to Ghana in 2022:
- Germany (17.0 cubic meters)
- United States (15.0 cubic meters)
- Belgium (4.0 cubic meters)
- Netherlands (1.0 cubic meters)
- United Arab Emirates (1.0 cubic meters)
- United Kingdom (1.0 cubic meters)
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