By Fred SARPONG
Available information reaching BusinessWeek indicates that timber export from Ghana recorded €39,525,381 for the first three months of 2010, as compared to €30,078,571 recorded for the same period in 2009.
During the month of March, timber export from Ghana recorded €13, 098,563 from the export of 39,249 cubic metres of wood products for the first three months of 2010.
The corresponding figures for the same period in 2009 were €9,898,795 and 31,040 cubic metres, showing an increase of 32.32% in value and 26.45% in volume respectively.
The increase was largely due to a recovery from the global economic downturn, which generally affected the cash flow of most buyers of wood products.
During the three months period, primary products (Poles and Billet) accounted for €2,035,178 in 2010, as compared to €3,862,718 in 2009.
Tertiary products registered €2,355,210 at the end of March 2010 and €1,902,590 in March 2009.
Secondary products fetched a total of €27,230,839 from January to March 2010 and €24,281,765 in the same period for 2009 respectively.
On trade, Africa recorded €12,702,182 and 46,504 cubic metres (40.17% and 47.69 %) in value and volume of total wood exports for January to March 2010.
Europe accounted for €10,597,705 and 20,394 cubic metres (33.53% and 20.92 %) in value and volume respectively of total wood exports for the period 2010. Key European markets included Italy, France, Germany, The United Kingdom, Belgium, Spain, Ireland and Holland.
BusinessWeek learnt that the emerging markets in Asia/Far East include India, Malaysia, Taiwan, China, Singapore and Thailand, which together contributed €4,342,897 (13.73%) to the total of wood export value for the first three months of 2010. India continues to be the leading importer of Teak Poles, Billet and Teak Lumber (AD).
The US accounted for 6.78% and 4.50% of the total export value and volume respectively of Ghana’s wood export for the three months, as compared to 6.58% and 2.16 % in the same period in 2009. That market has recorded revenue increases in terms of wood imports from Ghana.
The ECOWAS market (mainly Nigeria, Senegal, Niger, Gambia, Mali, Benin, Burkina Faso and Togo) absorbed €11,097,398 (87.37%) of Africa’s €12,702,182 wood imports from Ghana at the end of March 2010.
Plywood and Air dried Lumber (Ofram / Ceiba Species) continue to interest the Nigeria and Niger markets.
The Middle East countries, notably Saudi Arabia, Lebanon, United Arab Emirate and Israel together contributed €1,664,545 (5.26%) to the total export value at the of March 2010.
Available information reaching BusinessWeek indicates that timber export from Ghana recorded €39,525,381 for the first three months of 2010, as compared to €30,078,571 recorded for the same period in 2009.
During the month of March, timber export from Ghana recorded €13, 098,563 from the export of 39,249 cubic metres of wood products for the first three months of 2010.
The corresponding figures for the same period in 2009 were €9,898,795 and 31,040 cubic metres, showing an increase of 32.32% in value and 26.45% in volume respectively.
The increase was largely due to a recovery from the global economic downturn, which generally affected the cash flow of most buyers of wood products.
During the three months period, primary products (Poles and Billet) accounted for €2,035,178 in 2010, as compared to €3,862,718 in 2009.
Tertiary products registered €2,355,210 at the end of March 2010 and €1,902,590 in March 2009.
Secondary products fetched a total of €27,230,839 from January to March 2010 and €24,281,765 in the same period for 2009 respectively.
On trade, Africa recorded €12,702,182 and 46,504 cubic metres (40.17% and 47.69 %) in value and volume of total wood exports for January to March 2010.
Europe accounted for €10,597,705 and 20,394 cubic metres (33.53% and 20.92 %) in value and volume respectively of total wood exports for the period 2010. Key European markets included Italy, France, Germany, The United Kingdom, Belgium, Spain, Ireland and Holland.
BusinessWeek learnt that the emerging markets in Asia/Far East include India, Malaysia, Taiwan, China, Singapore and Thailand, which together contributed €4,342,897 (13.73%) to the total of wood export value for the first three months of 2010. India continues to be the leading importer of Teak Poles, Billet and Teak Lumber (AD).
The US accounted for 6.78% and 4.50% of the total export value and volume respectively of Ghana’s wood export for the three months, as compared to 6.58% and 2.16 % in the same period in 2009. That market has recorded revenue increases in terms of wood imports from Ghana.
The ECOWAS market (mainly Nigeria, Senegal, Niger, Gambia, Mali, Benin, Burkina Faso and Togo) absorbed €11,097,398 (87.37%) of Africa’s €12,702,182 wood imports from Ghana at the end of March 2010.
Plywood and Air dried Lumber (Ofram / Ceiba Species) continue to interest the Nigeria and Niger markets.
The Middle East countries, notably Saudi Arabia, Lebanon, United Arab Emirate and Israel together contributed €1,664,545 (5.26%) to the total export value at the of March 2010.
Comments