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Ghana earns €10.83 million from wood export



Story by: Fred Yaw Sarpong

Ghana earns €10,835,839 from the export of 25,007 cubic meters of wood products in June 2013, according to report from the Timber Division of Forestry Commission of Ghana.

The figures indicate increases of 32.48% in value and 23.51% in volume respectively, over the €8,179,249 earned from the export volume of 20,247 cubic meters recorded in June 2012.

This also shows increases of 9.74% and 13.79 % in value and volume when compared with the May 2013 data. Cumulatively, the country realized €61,380,867 from the export of 137,363 cubic meters from January to June 2013.

Comparatively, the figures show increases of 36.95% and 11.92%, respectively over the same period of 2012 when €44,820,101 was realized from the export of 122,735 cubic meters.

The figures also show that the overall Average Unit Value (Total Value in Euros/Total Volume) increased from €365 cubic meters between January and  June 2012 to €447 cubic meters between January and  June 2013, indicating an improvement of 22.47%.

The report indicated that Primary Products (Poles and Billets) accounted for €1,539,240 (2.51%) and 4,719 cubic meters (3.44%) of the total wood export earnings from January to June 2013.

The figures show an increase of 37.72% in value but a decrease of 16.60% in volume respectively compared to the export between January and June 2012 of 5,658 cubic meters valued at €1,117,636.

The timber division explained that by the fact that in the first half year 2012, only Billet (average unit value €197.53) were exported whereas in same period 2013 both Poles (average unit value €397.75) and Billet (average unit value €325.63) were exported.

Meanwhile, Secondary Wood Products (mainly Lumber, Boules, Veneers and Plywood) formed the bulk of the country’s wood export and contributed €55,356,929 (90.18%) from a volume 124,725 cubic meters (90.80%).
Tertiary Wood Products (comprising Mouldings, Flooring, Dowels and Profile Boards) on another hand contributed €4,484,698 from a volume of 7,919 cubic meters to the total wood products export during between January and June 2013.

In terms of percentage contribution, tertiary wood products accounted for 7.31% in value and 5.77% in volume. The figures show increases of 60.04% in volume and 60.73% in value compared to what recorded between January and June 2012 contribution of 4,948 cubic meters and €2,790,232.

The division mentioned that the month of May 2013 recorded the resumption of the export of Furniture parts to Europe after almost five years. Ayum Forest Products exported to Europe (U.K. and Denmark). This is the first time Furniture parts exports has been recorded since December 2008.

Europe emerged as the major destination for Ghana’s wood product s export during the period of January to June 2013. Export to various European countries from January to June 2013 amounted to €29.76 million (48.48%) from a volume of about 56,700 cubic meters (41.28%).

Between January and June 2012, the continent accounted for 24.89% of total volume and 30.70% of total value of wood products export from Ghana.

The ECOWAS market (mainly Nigeria, Niger, Senegal, Burkina Faso, Togo, Benin and Mali) accounted for at least 71.52% of the total value of African imports of Ghana’s wood products during the half year of 2013. Imports included mainly plywood and lumber.

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