SADC: Densified Wood Market 2024

Densified Wood Market Size in SADC

In 2022, after three years of growth, there was significant decline in the SADC densified wood market, when its value decreased by X% to $X. Over the period under review, consumption, however, saw a resilient increase. The level of consumption peaked at $X in 2021, and then contracted notably in the following year.

Densified Wood Production in SADC

In value terms, densified wood production stood at $X in 2022 estimated in export price. The total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Densified Wood Exports

Exports in SADC

In 2022, the amount of densified wood exported in SADC shrank rapidly to X tons, reducing by X% compared with 2021 figures. Overall, exports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, densified wood exports dropped slightly to $X in 2022. In general, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped in the following year.

Exports by Country

South Africa was the largest exporting country with an export of around X tons, which amounted to X% of total exports. Angola (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Zambia (X%). The following exporters - Namibia (X tons) and Swaziland (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to densified wood exports from South Africa stood at X%. At the same time, Angola (X%), Swaziland (X%) and Namibia (X%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. By contrast, Zambia (X%) illustrated a downward trend over the same period. South Africa (X p.p.), Angola (X p.p.) and Swaziland (X p.p.) significantly strengthened its position in terms of the total exports, while Zambia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Angola ($X) remains the largest densified wood supplier in SADC, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with a X% share of total exports. It was followed by Zambia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Angola amounted to X%. In the other countries, the average annual rates were as follows: South Africa (X% per year) and Zambia (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price recorded significant growth. The growth pace was the most rapid in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Angola ($X per ton), while Swaziland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (X%), while the other leaders experienced a decline in the export price figures.

Densified Wood Imports

Imports in SADC

Densified wood imports reduced dramatically to X tons in 2022, with a decrease of X% against the previous year. Over the period under review, imports, however, saw buoyant growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then contracted markedly in the following year.

In value terms, densified wood imports dropped markedly to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Comoros represented the key importing country with an import of about X tons, which accounted for X% of total imports. It was distantly followed by Democratic Republic of the Congo (X tons) and Botswana (X tons), together committing a X% share of total imports. The following importers - Lesotho (X tons), South Africa (X tons) and Angola (X tons) - each finished at a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to densified wood imports into Comoros stood at X%. At the same time, Lesotho (X%) and Botswana (X%) displayed positive paces of growth. Moreover, Lesotho emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, South Africa (X%), Democratic Republic of the Congo (X%) and Angola (X%) illustrated a downward trend over the same period. While the share of Comoros (X p.p.), Democratic Republic of the Congo (X p.p.) and Lesotho (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Africa (X p.p.) and Angola (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest densified wood importing markets in SADC were Botswana ($X), Comoros ($X) and Democratic Republic of the Congo ($X), with a combined X% share of total imports. South Africa, Lesotho and Angola lagged somewhat behind, together comprising a further X%.

Lesotho, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, recorded a deep downturn. The growth pace was the most rapid in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, 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 South Africa ($X per ton), while Comoros ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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