Ghanaian businesses are preparing to attend two international timber trade fairs scheduled for later in the year.
One fair is the Timber Expo to be held at the Birmingham, UK, National Exhibition Centre on 24 – 25 September. The Expo will showcase the latest products, innovations and developments from the UK and international timber sectors.
The organisers expect around 150 exhibitors at the Timber Expo which is considered one of the best in Europe for the building and timber industries.
Ghanaian exporters will also participate in an international forest products exhibition, the Yiwu Exhibition, which will be held in China. This trade fair will provide the opportunity for Ghana’s timber exporters to promote their products in a market with enormous potential.
The Ghana Investment Promotion Centre (GIPC), the Forestry Commission of Ghana (FCG), Ghana Free Zones Board (GFZB) and the Minerals Commission will attend the Yiwu Exhibition.
GDP dragged down by poor performance of industrial sector
Ghana’s unadjusted Gross Domestic Product (GDP) growth stood at 6.7% year-on-year in the first quarter of 2013 compared with 10.3% a year ago.
The services and agriculture sectors recorded 12% and 1.1% growth respectively while industry recorded negative growth of 0.8% as the power crisis in the country has affected factory output.
In related news, the Statistical Service has announced that the May 2013 consumer price index inflation, calculated on a rebased index with fresh items to reflect the current consumer priorities, stood at 11.1% year-on-year. The May inflation figure was 10.9% under the previous model.
Boule Export prices
Euro per m³ | |
Black Ofram | 220 |
Black Ofram Kiln dry | 310▼ |
Niangon | 500 |
NiangonKiln dry | 560▼ |
Domestic Log Prices
Ghana logs |
US$ per m³ | |||
Up to 80 cm | 80cm+ | |||
Wawa | 150-160 | 163-180 | ||
Odum Grade A | 169-174 | 178-188 | ||
Ceiba | 110-125 | 130-145 | ||
Chenchen | 100-108▲ | 111-128▲ | ||
Khaya/Mahogany (Veneer Qual.) | 112-123 | 126-145 | ||
Sapele Gradea A | 146-155 | 161-185 | ||
Makore (Veneer Qual.) Grade A | 132-138 | 140-166 | ||
Ofram | 107-115 | 126-135 |
Export Sawnwood Prices
Ghana Sawnwood, FOB | US$ per m³ | |
FAS 25-100mm x 150mm up x 2.4m up | Air-dried | Kiln-dried |
Afrormosia | 855 | 945 |
Asanfina | 480 | 544 |
Ceiba | 214▲ | 255 |
Dahoma | 326▲ | 395 |
Edinam (mixed redwood) | 370 | 444▼ |
Emeri | 349 | 418▼ |
African mahogany (Ivorensis) | 582 | 638 |
Makore | 558 | 620 |
Niangon | 513 | 600 |
Odum | 611 | 700▼ |
Sapele | 563▲ | 648 |
Wawa 1C & Select | 269 | 323▲ |
Export Rotary Veneer Prices
Rotary Veneer 2mm and up, FOB |
€ per m3 | |
CORE (2mm & up) | FACE (2mm & up) | |
Ceiba | 295▲ | 339 |
Chenchen | 320 | 356 |
Ogea | 325▲ | 354 |
Essa | 326 | 355 |
Ofram | 320 | 357 |
Export Sliced Veneer Prices
Sliced Veneer, FOB | € per sq. m | |
Face | Backing | |
Afrormosia | 1.32 | 1.04 |
Asanfina | 1.45 | 0.91 |
Avodire | 1.22 | 0.72 |
Chenchen | 0.85▲ | 0.60▲ |
Mahogany | 1.30 | 0.80 |
Makore | 1.32 | 0.70 |
Odum | 1.88 | 1.00 |
Export Plywood Prices
Plywood, FOB | € per m3 | ||
Ceiba | Ofram | Asanfina | |
4mm
|
427 | 600 | 648 |
6mm
|
420 | 610 | 622 |
9mm
|
360 | 438 | 475 |
12mm
|
361 | 430 | 439 |
15mm
|
317 | 378 | 368 |
18mm
|
305 | 363 | 364 |
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 | 12.60 | 15.00 | 18.33 |
Odum | 9.00 | 11.20 | 12.40 |
Hyedua | 14.08 | 14.00 | 18.45 |
Afrormosia | 14.30 | 18.65 | 18.33 |
Grade 2 less 5%, Grade 3 less 10%.