Ghana’s wood product exports for the first five-months of 2020 slipped to 76,551 m3 (Euro 38.00 million), from 128,842 m3 (Eur 66.05 million) in 2019. The market was particularly dull as could be expected and buyers were very cautious taking smaller volumes of their favoured species and products. According to the TIDD report, wood exports for the period were just 40% of the volume and value of exports in the same period in 2019.
In the first half of the year 14 products from 34 species were exported to 32 countries. The three products which recorded increased volumes y-o-y were rotary veneer, mouldings and sliced veneer but these products only accounted for around 5% of the total export volume in the period reported. The leading species included teak, wawa, ceiba, mahogany and denya, as ITTO reported.
Export earnings from primary, secondary and tertiary wood products were respectively Euro 2.19 million (6%), Euro 32.68 million (86%) and Euro 3.13 million (8%) respectively.
