According to data from the Timber Inspection Development Division (TIDD) of the Forestry Commission (FC), the total volume of wood products export for the period January to December 2012 was 251,346 cubic metres. The proceeds from these exports amounted to euro 99.84 million. The tables below show the export performance for 2012 and 2011. Compared to 2011 export volumes in 2012 fell by 21.45% and export values fell by 7.1%.
Export volumes of air dried lumber fell by 23.0% while earnings fell by 32%. Kiln dried umber export volumes fell 21.7% with a corresponding 3.8% decline in export earnings. Plywood export volumes fell 36.2%. These three products accounted for a little over 80% of export volumes in 2012. The main export species were ceiba, plantation teak, wawa, mahogany, ofram, asanfina and rosewood.
2011 and 2012 Export data
2011 cu.m | 2012 cu.m | % change in volume | |
PRODUCT | |||
Sawn Timber | ('000) | ('000) | |
Lumber (AD) | 71.34 | 57.77 | -19 |
Lumber (KD) | 58.18 | 54.61 | -6.1 |
Veneers: | - | - | |
Sliced Veneer | 23.54 | 18.05 | -23.3 |
Rotary Veneer | 6.14 | 4.91 | -20 |
Plywood | 112.43 | 90.91 | -19.1 |
Mouldings | 16.15 | 11.68 | -27.7 |
Boules (AD+KD) | 2.71 | 1.25 | -53.9 |
Parquet/Flooring | 0.65 | 0.24 | -63.1 |
Other Wood Products | 28.7 | 11.83 | -58.8 |
TOTAL | 319.84 | 251.25 | -21.4 |
Source: TIDB Ghana
in value | 2011 Euro | 2012 Euro | % change in value |
Sawn Timber | mil. | mil. | |
Lumber (AD) | 16.02 | 21.21 | 32.4 |
Lumber (KD) | 22.03 | 22.87 | 3.8 |
Veneers: | - | - | |
Sliced Veneer | 18.32 | 14.83 | -19.1 |
Rotary Veneer | 1.81 | 1.56 | -13.8 |
Plywood | 33.72 | 28.57 | -15.3 |
Mouldings | 8.3 | 6.53 | -21.3 |
Boules (AD+KD) | 1.24 | 0.58 | -53.2 |
Parquet/Flooring | 0.7 | 0.26 | -62.9 |
Other Wood Products | 5.29 | 3.43 | -35.2 |
TOTAL | 107.43 | 99.84 | -7.1 |
Source: TIDB Ghana
The data indicate that the contribution of primary products, secondary products and tertiary products to 2012 export volumes was 4.32%, 90.70% and 4.98% respectively. For the first time it was observed that African countries were the major destinations for Ghana’s wood products exports. Total exports to various African countries earned Ghana euro 38.37 million from a volume of 140,190 cubic metres.
The ECOWAS market, compromising Nigeria, Niger, Burkina Faso, Togo, Benin and Mali accounted for 71% of the exports to African countries. The main products exported to these countries were plywood and sawnwood. Ghana’s export of wood products to Europe accounted for 20% of all exports. Markets in the Middle East and Far East accounted for 19% and the N. American market accounted for just 4.4% of all exports.
New central bank governor appointed
Mr. Henry Kofi Wampah has been appointed as governor of the central bank, elevating him from the deputy position he held for four years. Mr. Wampah, replaces Kwesi Amissah-Arthur who is now Ghana's Vice-President. The new central bank chief said, he stands ready to vigorously defend price stability and will work to bring inflation back to single digits by mid-year. Ghana’s annual consumer inflation rose to 10.40% in March from 10.00% in February.
Agro Forestry Tree Planting
A workshop to promote the development of agro-forestry and tree planting was held recently in Walewale in the Northern Region of Ghana. The forum was attended by community leaders, assemblymen, farmer's groups as well as women leaders. The forum discussed the environmental challenges being posed by desertification and climate change.The Assistant Training Coordinator of a US based NGO “Trees for the Future”, Mr. George Ansah, explained to participants how agro-forestry technologies and the planting of fast growing multi-purpose trees could help transform their lives and solve some of the many challenges they face.
Mr Lovans Owusu-Takyi, Country Director for Trees for the Future and a Lecturer at the Kumasi Institute of Tropical Agriculture (KITA), in an interview with the Ghana News Agency, said the NGO is committed to improving the lives of the people through the development of agro-forestry technologies. He said tree planting and sustainable management practices help reduce deforestation.
Boule Export prices
Euro per m3 | |
Black Ofram | 232 |
Black Ofram Kiln dry | 313 |
Niangon | 510 |
NiangonKiln dry | 565 |
Domestic Log Prices
Ghana logs |
US$ per m³ | |||
Up to 80 cm | 80cm+ | |||
Wawa | 158-163▲ | 166-180 | ||
Odum Grade A | 169-174 | 178-188 | ||
Ceiba | 128-134▲ | 136-152 | ||
Chenchen | 94-105 | 109-123 | ||
Khaya/Mahogany (Veneer Qual.) | 112-123 | 126-145 | ||
Sapele Gradea A | 146-155 | 161-185 | ||
Makore (Veneer Qual.) Grade A | 132-138 | 140-166 | ||
Ofram | 109-117 | 126-135▲ |
Export Sawnwood Prices
Ghana Sawnwood, FOB | US$ per m³ | |
FAS 25-100mm x 150mm up x 2.4m up | Air-dried | Kiln-dried |
Afrormosia | 855 | 945 |
Asanfina | 492 | 544▲ |
Ceiba | 210 | 255 |
Dahoma | 293 | 395 |
Edinam (mixed redwood) | 380 | 450 |
Emeri | 358 | 424 |
African mahogany (Ivorensis) | 582 | 638 |
Makore | 580 | 620 |
Niangon | 518 | 600 |
Odum | 585 | 715 |
Sapele | 530 | 648 |
Wawa 1C & Select | 270▼ | 319▼ |
Export Rotary Veneer Prices
Rotary Veneer 2mm and up, FOB |
€ per m3 | |
CORE (2mm & up) | FACE (2mm & up) | |
Ceiba | 290 | 300 |
Chenchen | 310 | 340 |
Ogea | 310 | 345 |
Essa | 290 | 345 |
Ofram | 310 | 350 |
Export Sliced Veneer Prices
Sliced Veneer, FOB | € per sq. m | |
Face | Backing | |
Afrormosia | 1.21 | 1.04 |
Asanfina | 1.45 | 1.00 |
Avodire | 1.05 | 0.68 |
Chenchen | 0.77 | 0.47 |
Mahogany | 1.30 | 0.80 |
Makore | 1.22 | 0.70 |
Odum | 1.88 | 1.00 |
Export Plywood Prices
Plywood, FOB | € per m3 | ||
Ceiba | Ofram | Asanfina | |
4mm
|
450 | 620 | 643 |
6mm
|
420 | 615 | 622 |
9mm
|
360 | 438 | 475 |
12mm
|
366 | 430 | 439 |
15mm
|
310 | 378 | 368 |
18mm
|
395 | 360 | 360 |
Grade AB/BB would attract a premium of 10%, B/BB 5%, C/CC 5% and CC/CC 10%.
Export Added Value Product Prices
Parquet flooring 1st | FOB € per sq.m | ||
10x60mm | 10x65-75mm | 14x70mm | |
Apa | 12.60 | 15.10 | 18.00 |
Odum | 8.54 | 11.88▲ | 12.00 |
Hyedua | 14.08 | 14.00 | 18.45 |
Afrormosia | 14.30 | 18.50 | 18.02 |
Grade 2 less 5%, Grade 3 less 10%.