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Ghana: Export applications drop 21% in fourth quarter 2008
12/05/2009 - 09:29
One thousand, seven hundred and thirty three (1,733) export permits were vetted, processed, approved and issued to exporters during the fourth quarter of 2008 covering shipments of various timber and wood products through the ports of Takoradi and Tema as well as through overland exports to neighboring ECOWAS countries, according to the permit section of Timber Industry Development Division (TIDD).

These export permits were issued by offices in Sunyani (55 permits), Kumasi (117 permits), Tema (197 permits) and Takoradi (1,364 permits) as well as the head office of TIDD, representing 3.17%, 6.75%, 11.37% and 78.71% of the total export permits, respectively. The corresponding total export permits issued for the third quarter of 2008 was 2,196. This was a substantial decrease of 21% in the number of permits issued for the exports of timber and wood products compared to the fourth quarter of 2008. The decline was largely attributed to the global economic slowdown.

Lumber, both kiln-dried (KD) and air-dried (AD), continued to register the highest number (792) of export permit applications, representing nearly 46% of the total number of export permits issued during the period under review. This was followed by plywood, mouldings and sliced veneer. There were substantial reductions in the number of permits issued in the fourth quarter for the export of lumber, block boards, floorings, teak billets/poles/logs, plywood, curl veneer, sliced veneer and rotary veneer. However, demand for the exports of lumber (both KD and AD) was still higher than tertiary wood products such as furniture parts, mouldings, floorings, dowels, broomsticks and profile boards.

For free and special permits, four (4) free export permits were issued solely in Takoradi to Mondial Veneer (Ghana) Ltd. and Peewood Craft & Art Cottage for the shipment of wooden carvings, lazy chairs, wood craft boxes, wooden drums, bar stools, bar chairs, cane chairs and cane centre table. These products were shipped to clients in the EU.

Five special export permits were issued solely in Takoradi to Machined Wood Company Ltd. for the shipment of okoume laminated strips/mouldings to Italy. These were 200.633 m³ by volume and EUR113,780 by value. These laminated mouldings were made from okoume sawn timber, which were imported from Gabon. In contrast, only one special export permit was issued to Machined Wood Company Ltd. in the previous quarter for the shipment of sapele laminated strips to the UK.

With respect to overland exports, 295 export permits were granted to a number of timber companies to export lumber and plywood by road to Burkina Faso, Nigeria, Niger, Benin and Togo. The total volume and value of permits issued for overland exports during the fourth quarter of last year were 31,801m³ and EUR10.16 million, respectively. The total number of permits issued for overland exports during the previous quarter was 338 and these export permits were 32,937 m³ by volume and EUR10.30 million by value. These figures represent reductions of 12.72%, 3.45% and 1.27%, respectively in the number, volume and value of permits issued for overland exports in the fourth quarter of 2008 compared to the previous quarter.

The drop in the number, volume and value of overland exports, in comparison with global trends, indicates that the global economic slowdown has not severely affected trade amongst the ECOWAS member countries. This is further indication of the importance of the ECOWAS subregional market and reinforces the need for Ghana to diversify its export markets.

Ghana Log Prices
Ghana Log Prices
 Ghana logs, domestic     US$ per m³

Up to 80 cm
 80cm+
Wawa 100-115
 120-145
Odum Grade A
160-170
 175-185
Ceiba 90-100
 105-120
Chenchen 60-90
 95-112
Khaya/Mahogany (Veneer Qual.) 80-100 110-135
Sapele Gradea A
135-150  155-175
 Makore (Veneer Qual.) Grade A   125-135   140-166

Ghana Sawnwood Prices
 Ghana Sawnwood, FOB    US$ per m³
FAS 25-100mm x 150mm up x 2.4m up
Air-dried   Kiln-dried
Afrormosia 855   -
Asanfina 
500  560
Ceiba 190  260
Dahoma
330
 410
Edinam (mixed redwood)
425  430
Emeri 360  430
African mahogany (Ivorensis)
595  665
Makore
520  610
Niangon
555  640
Odum
645  700
Sapele
540
 600
Wawa 1C & Select
260
 285

Ghana sawnwood, domestic
US$ per m³
Wawa 25x300x4.2m
 250
Emeri 25x300x4.2m   335
Ceiba 25x300x4.2m
 210
Dahoma
50x150x4.2m
 290
Redwood
50x75x4.2m
 285
Ofram
25x225x4.2m
 330

Ghana Veneer Prices
Rotary Veneer, FOB    US$ per m³
  CORE (1-1.9mm)   FACE (<2mm)
Bombax
320  350
Kyere, Ofram, Ogea & Otie 315  350
Chenchen 315   350
Ceiba 315  345
Mahogany 400  450
The above prices are for full sized panels, smaller sizes minus 15%. Thickness below 1mm would attract a 5% premium.
 
Rotary Veneer, FOB Core Grade 2mm & up    US$ per m³
Ceiba   245
Chenchen, Ogea & Essa   295
Ofram   312

Slices Veneer, FOB US$ per m²
  Face  Backing
Afrormosia 1.19
 1.00
Asanfina 1.50  0.80
Avodire 1.12   0.80
Chenchen 0.80  0.45
Mahogany 1.40  0.79
Makore 1.40  0.90 
Odum 1.75  0.95
 
Ghana Plywood Prices
Plywood, FOB US$ per m³
B/BB, Thickness Redwoods Light Woods

WBP MR WBP MR
4mm 560 475 500 375 
6mm 340  325 335 285
9mm 365  305  290 270
12mm 300 295 270  255 
15mm 310  300 280  270
18mm
300
290 285
250 
Grade AB/BB would attract a premium of 5%. BB/BB would be 5% less, C/CC 10% less and CC/CC 15% less.
 
Ghana Added Value Product Prices
Parquet flooring 1st FOB € per m²
  10x60x300mm 10x65-75mm 14x70mm
Apa 12.00 14.47 17.00
Odum 8.42 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%
(ITTO's Tropical Timber Market Report)
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