The volume of wood products exported from Ghana in the 1Q 2018 amounted to 72,533 cubic metres, 18% higher than in the corresponding quarter in 2017. The revenue earned was Euro51.48 million, also a significant increase of 30% over that in the 1Q 2017, as ITTO reported.
The major drivers of this positive growth were exports of air and kiln dried sawnwood, plywood to regional markets, rotary veneer, curl veneer, billets and dowels. The most popular species exported included teak (52%), rosewood (9%), papao/apa (7%), ceiba (6%) and wawa(5%).
Together, China and India accounted for 78% to continue to be the leading market destination in the first quarter of this year, with African regional markets at 7% after Europe at 10%.
