Wood product exports value up by 37% in May

Plywood Sheet PixGhana’s wood product exports in the first five months of 2016 yielded €18.7 million from a volume of 33,348 cubic metres, representing increases of 37 per cent in value and 23 per cent in volume compared to exports in May 2015.
According to an International Tropical Timber Organisation (ITTO) report, teak, rosewood, wawa, papao/apa and ceiba were top species exported.
The report indicated that the 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 were made up of 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 cubic metres valued at €4.92 million.
According to the ITTO, 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.
“However plywood exports were particularly badly down,” the ITTO said.
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 was attributed to the foreign exchange controls introduced by Nigeria’s central bank,” it indicated.
In the first five months, the major market destination for Ghana’s wood products were: Asia/Far East 113,671 cubic metres (71 per cent); Europe 18,972 cubic metres (12 per cent); Africa 19,786 cubic metres (12 per cent); America 5,510 cubic metres (two per cent) and Middle East countries 2,953 cubic metres (two per cent).

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