Ghana: Latest prices for exported wood products

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ITTO
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Ghana's export of wood products for the first three months of 2015 totalled 81,518 cu.m, some 48% more than for same period in 2014 and resulted in earnings of euro 43 million, almost double that in the first quarter 2014.

For the first quarter 2015 there were thirteen categories of wood products shipped from 93 exporters. Products manufactured from around 40 different species were shipped to 38 countries of which shipments to India were significant. Shipments to Asian countries accounted for 62% of total export for the period. In contrast exports to Europe, Africa and the Middle East declined by 55%, 19% and 30% respectively.

According to the Timber Industry Development Board (TIDD) air dry sawnwood, billets and sliced veneer were the main drivers for increased revenues as all registered significant growth. Air and kiln-dried sawnwood exported to international markets and neighbouring countries together accounted for 59% of total export volumes in the first quarter of the 2015.

Plywood accounted for 12% of the total export volume. Exports of sawnwood and plywood earned euro 32 million, around 74% of total revenues for the quarter.

The export of wood products from Ghana to ECOWAS member countries in the first quarter totalled 10,876 cu.m compared to 14,212cu.m recorded for the same period in 2014.

Boule Export prices

  Euro per m³
Black Ofram 313
Black Ofram Kiln dry 395
Niangon 465
Niangon Kiln dry 520

 

Export Sawnwood Prices

Ghana Sawnwood, FOB US$ per m³
FAS 25-100mm x 150mm up x 2.4m up Air-dried Kiln-dried
Afrormosia 860 925
Asanfina 492 564
Ceiba 240 272
Dahoma 410 495
Edinam (mixed redwood) 525 580
Emeri 450 520
African mahogany (Ivorensis) 630 950
Makore 700 790
Niangon 560 580
Odum 660 850
Sapele 642 800
Wawa 1C & Select 300 400

 

Export Rotary Veneer Prices

Rotary Veneer 2mm and up,
FOB
€ per m3
CORE (2mm & up) FACE (2mm & up)
Ceiba 325 415
Chenchen 330 355
Ogea 450 400
Essa 325 375
Ofram 500 350

 

Export Sliced Veneer Prices

Sliced Veneer, FOB € per sq. m
  Face Backing
Afrormosia 1.19 0.84
Asanfina 1.40 1.50
Avodire 1.50 0.29
Chenchen 1.10 0.80
Mahogany 1.30 0.82
Makore 1.60 1.15
Odum 1.76 1.20

 

Export Plywood Prices

Plywood, FOB € per m3
Ceiba Ofram Asanfina
4mm
482 510 641
6mm
400 535 615
9mm
393 460 510
12mm
360 445 450
15mm
450 415 374
18mm
333 362 370

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 14.00    16.00    17.80
Odum 10.26   12.55    11.70
Hyedua 14.00    14.93    18.45
Afrormosia 15.50    18.65    18.55

Grade 2 less 5%, Grade 3 less 10%.

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