Ghana wood exports to Asia up in first 7 mths of 2016
Ghana’s exports in the first seven months of this year totalled 228,387 cubic metres, worth EUR130,732 million—up 10% in export volume and 24% in earnings compared to the same period last year.
Leading export products up to July were air-dried sawnwood (60%), kiln-dred sawnwood (13%), plywood to regional markets (9%), roundwood billets (8%) and sliced veneer (4%). Other wood products accounted for the remaining 6%.
A large majority of exports went to Asia which accounted for 72%--the only market which recorded an increase in buying—followed by African regional markets (12%) and Europe (11%). The Middle East and America accounted for the balance.
For the period under review the average unit price of all wood products for 2016 was EUR572/m3 compared to EUR511/m3 in 2015.