Ghana wood product exports drop 16% in Q34 December 2023
Ghana’s wood exports saw a 16% decrease in volumes terms in Q3, 2023, compared to the preceding quarter, according to Ghana Forestry Commission data shared by the International Tropical Timber Organisation (ITTO).
The latest ITTO newsletter, quoting FC Timber Industry Development Division statistics, says 68,785m3 of wood products were exported in the Q3, compared to 81,683m3 during Q2.
Total wood export for the first nine months of 2023 dropped by 15% to 227,245m3 from the 267,622m3 recorded in the same period in 2022.
Q3 exports were valued at €30.64m, compared to €45.56m a year ago, representing a decline of 33% in value. Products that recorded significant volumes during the current year included lumbers, veneers, plywood and billets.
Of the wood products, only plywood exported to the regional West African markets and briquettes to the United Kingdom and Ireland recorded volume increases of 22% and 26% respectively in Q3, 2023 compared to Q2 of the same year.
Other wood products exported during the period were dowels, sliced veneer to regional markets kindling, KD boules and offcuts.