Western Africa: Market for Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) 2024

Market Size for Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) in Western Africa

The West African market for particle board and similar board of ligneous materials (excluding wood) reduced to $X in 2022, shrinking by X% against the previous year. Overall, consumption, however, showed a slight shrinkage. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) in Western Africa

In value terms, production of particle board and similar board of ligneous materials (excluding wood) declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production of attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood)

Exports in Western Africa

In 2022, overseas shipments of particle board and similar board of ligneous materials (excluding wood) decreased by X% to X cubic meters, falling for the fourth year in a row after two years of growth. Over the period under review, exports continue to indicate a dramatic contraction. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, the exports reached the peak of X cubic meters. From 2019 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of particle board and similar board of ligneous materials (excluding wood) skyrocketed to $X in 2022. In general, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2018 when exports increased by X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

In 2022, Cote d'Ivoire (X cubic meters), Ghana (X cubic meters) and Nigeria (X cubic meters) represented the main exporter of particle board and similar board of ligneous materials (excluding wood) in Western Africa, committing X% of total export. Togo (X cubic meters) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Senegal (X%) and Burkina Faso (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Togo (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Burkina Faso ($X) emerged as the largest board of bagasse, bamboo or other particles supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Senegal, with a X% share.

In Burkina Faso, exports of particle board and similar board of ligneous materials (excluding wood) expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Cote d'Ivoire (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 2022, picking up by X% against the previous year. In general, the export price saw significant growth. As a result, the export 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 suppliers, the country with the highest price was Burkina Faso ($X per cubic meter), while Ghana ($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 Burkina Faso (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood)

Imports in Western Africa

In 2022, the amount of particle board and similar board of ligneous materials (excluding wood) imported in Western Africa contracted significantly to X cubic meters, dropping by X% on the previous year. Overall, imports, however, posted a buoyant increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at X cubic meters in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of particle board and similar board of ligneous materials (excluding wood) dropped remarkably to $X in 2022. Over the period under review, imports, however, showed a prominent increase. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports of reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Senegal represented the main importing country with an import of about X cubic meters, which amounted to X% of total imports. Nigeria (X cubic meters) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Guinea (X%), Ghana (X%) and Sierra Leone (X%). Cabo Verde (X cubic meters) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to board of bagasse, bamboo or other particles imports into Senegal stood at X%. At the same time, Sierra Leone (X%), Ghana (X%), Guinea (X%) and Cabo Verde (X%) displayed positive paces of growth. Moreover, Sierra Leone emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%) illustrated a downward trend over the same period. While the share of Senegal (X p.p.), Ghana (X p.p.), Sierra Leone (X p.p.) and Guinea (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported particle board and similar board of ligneous materials (excluding wood) in Western Africa, comprising X% of total imports. The second position in the ranking was held by Nigeria ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Ghana stood at X%. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Senegal (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per cubic meter in 2022, rising by X% against the previous year. Import price indicated a slight increase from 2012 to 2022: its price 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, import price for particle board and similar board of ligneous materials (excluding wood) increased by X% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Ghana ($X per cubic meter), while Senegal ($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 more modest paces of growth.

Source: IndexBox Platform

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