Ghana’s May export figures

The export of Ghana’s wood products in May 2016 yielded 18,755,766 Euro from a volume of 33,348  which represents an increases of 37% in value and 23% in volume compared to exports in May 2015.

In terms of species, the top were Teak, Rosewood, Wawa, Papao/Apa and Ceiba, and exports went to 39 different markets with the top five being India, China, Vietnam, United States of America and Germany. Wood product exports to African countries included plywood (overland transport), sliced veneer, air and kiln dry sawnwood, rotary veneer and mouldings. Major destinations included Egypt, South Africa, Morocco; with the ECOWAS sub-region market taking the largest share of 16,490 m³ valued at 4.92million Euro.

Despite the better export performance in May, Ghana’s overland wood exports during the first five months of the year suffered some setback as sliced veneer, sawnwood and plywood exports were down year on year.

ITTO TTM Report: 20:13, 1 – 31 July 2016 Plywood exports were particularly badly down. Nigeria, which had been the leading importer of Ghana’s plywood, slipped to the second ranked importer after Niger, with Burkina Faso and Togo ranked third and fourth. The drop in Nigeria’s plywood import has been attributed to the foreign exchange controls introduced by Nigeria’s Central Bank. In the first five months the major market destination for Ghana’s wood products were; Asia/Far East 113,671 m³ (71%); Europe 18,972 m³ (12%); Africa 19,786 m³ (12%); America 5,510 m³ (3%) and Middle East countries 2,953 m³ (2%).

Source: ITTO