Ghana’s wood product exports fall
5 August 2014Ghana’s exported less secondary and tertiary wood products (TWPs) during the first four months of 2014, compared to the same period last year. During that period export earnings totalled €33.8m from the export of 83,454m3 of wood products, a 20% drop in volume and a nearly 8% decline in value, reports the International Tropical Timber Organization.
As a share of total exports, secondary wood products (primarily sawnwood) accounted for 83% in the first four months of this year as against 90% in the same period in 2013.
The decline in the export of SWPs can be attributed to lower sales of sawnwood, veneer and plywood.
The respective market shares of Europe, Africa and Asia were 40%, 31% and 14% with the balance to the US, Middle East and Oceania.
