Ghana: Q1 2018 wood products exports at year on year high

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ITTO/Fordaq
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The volume of wood products exported from Ghana in the first quarter of 2018 amounted to 72,533 cu.m, 18% higher than in the corresponding quarter in 2017. The revenue earned was Euro51.48 million, also a significant increase of 30% over that in the first quarter of 2017.

The major drivers of this positive growth were exports of air and kiln dried sawnwood, plywood to regional markets, rotary veneer, curl veneer, billets and dowels.

The group ‘Other” wood products in the table above include air-dried boules, kiln-dried boules and poles which there were exports in 2017 but not in the first quarter of 2018. On the other hand, there were no exports of furniture parts in the first quarter of 2017 but a cumulative total of 324 cubic metres was exported in the first quarter of 2018.

The most popular species exported included teak (52%), rosewood (9%), papao/apa (7%), ceiba (6%) and wawa(5%).

Together, China and India accounted for 78% to continue to be the leading market destination in the first quarter of this year, with African regional markets at 7% after Europe at 10%.

Average unit prices for wood products increased from Euro 546/cu.m in the first quarter of 2017 to Euro 600/cu.m in the first quarter of 2018.

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