Ghana: current prices for log, sawnwood, veneer and panels

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ITTO's Tropical Timber Market Report
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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%.

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