According to data from the Timber Industry Development Division (TIDD) of the Forestry Commission, year on year, exports of timber and wood products increased to 42 173 cu.m in the first two months of 2021.
That figure is up from 35 508 cu.m in the same period in 2020 representing an increase of 19% in export volumes. There was an almost 30% increase in export earnings over the same period.
Except for sliced and rotary veneer export volumes for sawnwood (AD and KD), billets, plywood (regional sales) and mouldings registered significant increases compared to the same products in 2020.
Revenue from wood products increased by close to 260% year-on-year during the first two-months of 2021 against that in 2020 with billets as the main drive of the increase.
Revenue inflows from air-dried lumber, kiln-dried lumber and billet accounted for 47%, 18% and 15% of the total receipts for January and February 2021. The major markets for Ghana’s wood products for the period were Asia (27 262 cu.m, 64% share), Europe (6 125 cu.m), Africa (4 633 cu.m), America (2 309 cu.m) and Middle East (1 843 cu.m). Teak, ceiba, wawa, denya and mahogany were the leading species exported from a total number of 36 species.