Ghana: Firm demand at low prices an issue in the US market

  • December 28, 2011
  • • Source: ITTO's Tropical Timber Market Report
  • • Views: 721
Decrease text sizeIncrease text size

In contrast, exporters of mahogany sawnwood to the US market were, with a few exceptions, unable to satisfy the GSP. The gap between the contract price and the GSP in the second quarter was around 3-7%. However, in the third quarter the difference between the price being offered by US buyers and the Ghana GSP widened to 7-11%. Ghana’s under utilised species such as celtis, yaya and denya continued to find markets in the Middle and Far East countries. Shorts of denya sawnwood continue to attract buyers for the Chinese market.

Ghana’s exports to the US boosted by African Growth and Opportunity Act
Ghana’s exports of all products to the US doubled during the period September 2010 to September 2011 according to the US International Trade Commission (USITC) which uses statistics data provided by the US Department of Commerce to compile country reports.

This performance was aided by the US ‘African Growth and Opportunity Act’ (AGOA). The data show that Ghana’s export under the AGOA (including the GSP) increased from US$31.1 mil. September 2009- 2010 to US$195.7 mil. over the same period up to September 2011. Ghana’s main exports to the US market comprised agricultural products, forest products, textiles and apparel.

ghanaLog Domestic Prices

Ghana logs, domestic US$ per m3
  Up to 80cm 80cm+
Wawa 140-150 157-170
Odum Grade A 160-170 175-185
Ceiba 118-130 132-148
Chenchen 90-100 105-120
Khaya/Mahogany (Veneer Qual.) 111-123 125-145
Sapele Grade A 145-155 160-185
Makore (Veneer Qual.) Grade A 128-135 140-166


Export Sawnwood Prices

Ghana Sawnwood, FOB € per m3
FAS 25-100mm x 150mm up x 2.4m up Air-dried Kiln-dried
Afrormosia 855 -
Asanfina 495 560
Ceiba 210 269
Dahoma 330 385
Edinam (mixed redwood) 400 450
Emeri 350 490
African mahogany (Ivorensis) 568 685
Makore 530 580
Niangon 515 620
Odum 625 720
Sapele 555 630
Wawa 1C & Select 260 307


Domestic Sawnwood Prices

    US$ per m3
Wawa 25x300x4.2m 289
Emeri 25x300x4.2m 305
Ceiba 25x300x4.2m 240
Dahoma 50x150x4.2m 330
Redwood 50x75x4.2m 444
Ofram 25x225x4.2m 298


Export Veneer Prices

Rotary Veneer, FOB € per m3
  CORE (1-1.9mm) FACE (<2mm)
Bombax 315 350
Ofram 320 355
Ogea & Otie 320 350
Chenchen 315 350
Ceiba 330 353
Mahogany 415 450

The above prices are for full sized panels, smaller sizes minus 15%. Thickness below 1mm would attract a 5% premium.

Export Rotary Veneer Prices

Rotary Veneer 2mm and up, FOB € per m3
  CORE (2mm & up) FACE (2mm & up)
Ceiba
280 285
Chenchen
305 345
Ogea
305 340
Essa
290 330
Ofram
310 350


Export Sliced Veneer Prices

Sliced Veneer, FOB € per sq. m
  Face Backing
Afrormosia 1.19 1.00
Asanfina 2.00 1.90
Avodire 1.82 1.10
Chenchen 1.10 0.59
Mahogany 2.00 1.40
Makore 2.00 0.90
Odum 1.80 1.00


Ghana Export Plywood Prices

Plywood, FOB € per m3
BB/CC Ceiba Ofram Asanfina
4mm
380 565 597
6mm
367 540 575
9mm
310 384 445
12mm
290 390 397
15mm
285 327 343
18mm
275 320 333

Grade AB/BB would attract a premium of 10%, B/BB 5%, C/CC 5% and CC/CC 10%.

Ghana Added Value Product Prices

Parquet flooring 1st FOB € per sq.m
  10x60mm 10x65-75mm 14x70mm
Apa 12.00 14.47 17.00
Odum 7.80 10.18 11.00
Hyedua 13.67 13.93 17.82
Afrormosia 13.72 18.22 17.82

Grade 2 less 5%, Grade 3 less 10%.

Export Moulding Prices

Mouldings (FOB export) € per m3
Dahoma grade 1
492
Denya grade 1
516
Hotrohotro grade 1
580
Wawa grade 1
500
Wawa grade 2
428
Ekki grade 1
570
Wawabimba Laminated grade 1
750


comments powered by Disqus