NEWS

Ghana wood product exports increased by 27% in the first 10 months of 2014

Tuesday, Feb 03, 2015

Ghana produced and exported a total of 286,416 cubic metres of plantation logs and wood products valued at Euro 112.13 million in the first 10 months of 2014, ITTO reports.

This compares to the 225,487 cubic metres exported during the same period in 2013 and represents a 27% year on year increase in volume in 2014.

The main markets for the 13 different products exported in the first ten months of last year were in Asia and the Middle East such as India, China, Israel, Lebanon and Vietnam. Together these countries accounted for 131,464 cubic metres of all exports in the period.

The main products demanded in these markets included billets, poles, sliced veneer and air dry sawnwood in teak, gmelina and asanfina, mainly for reprocessing in the importing country.

In the period reviewed, plywood exports fell by 3% to 2,080 cubic metres compared to 2,149 cubic metres in the same period in 2013 however, plywood export earnings increased 18% over the previous year.

The regional markets for plywood included Nigeria, Burkina Faso, Benin, Togo, Niger and Mali. Nigeria was Ghana’s leading regional market for plywood accounting for just over 75% of the total export volume to regional markets.

The leading export species for the period were teak, apao/apa, denya, wawa, mahgany, odum, cedrella and asanfina.

 

Source : http://www.lesprom.com/

Other News