Ghana’s timber exports for the nine months to September 2017 totalled 228,642 cubic metres and earned euro 124 million. This compares with the 302,085 cubic metres in 2016 which brought in some euro 172 million.
Air dried sawnwood was the leading export product in the first nine months of this year, consistently accounting for over 60% of monthly export volumes.
For the first nine months of 2017 air-dried sawnwood accounted an average for 62% of the accumulated monthly exports and together with five other products some 95% of total exports can be accounted for.
The main markets for Ghana’s wood product exports were China and India which imported around 70% of total wood product export volumes in the first nine months of this year. Markets in Asia have now become the foundation of the Ghanaian wood processing industries. The species sold were mainly teak, rosewood and papao/apa.
Most of the plywood exported was destined for African countries including Nigeria, Niger, Burkina Faso and Benin.