The Contract Section of the Timber Industry Development Division (TIDD) processed and approved a total contract volume of 156,938 m³ during the first quarter of 2008. The section also processed the approval of 54,866 pieces of furniture parts during the same period. Compared to the last quarter of 2007, the contracts approved represented increases of 13% and 28.48% respectively. The significant percentage increase in furniture parts could be attributed to the anticipated high demand of the product in Europe during summer 2008. For instance, garden furniture parts accounted for about 80% of contracts approved for Scanstyle Mim Company Ltd during the first quarter of 2008.
The volume of lumber rose sharply to 68,212 m³, representing an increase of 31.52% as compared to the volume for the previous quarter. Lumber accounted for 43.46% of the total contract volume approved during the period. Teak lumber was 7.60% of the total lumber volume, representing 5,187 m³. The total plywood volume was 47,401 m³ for the period, increasing 26.72% when compared to the previous quarter.
There were decreases in the volume of contracts processed for sliced veneer, boules and poles/billets/logs. These products dropped 5.83%, 65.90% and 29.19% and reached volumes of 9,253 m³, 282 m³ and 19,789 m³ respectively. Three area contract offices in Kumasi, Accra and Sunyani processed and approved 29.92%, 4.64% and 11.73% respectively, which together accounted for 46.29% of the total contract volumes approved. The Takoradi office accounted for the remaining 53.71%.
Ghana’s overland plywood and lumber exports for the first quarter of 2008 were 28,664 m³ and worth nearly EUR8 million. Eighteen companies altogether exported plywood and/or lumber by road to Burkina Faso, Nigeria, Niger, Mali, Benin and Togo. These figures, compared to the last quarter figures of 28,929 m³ and EUR7,526,005, showed a marginal fall of 0.92% in volume although there had been a gain of 6.28% in the value of permits issued. This increase in the value of overland exports was a reflection of the rising importance of the ECOWAS sub-regional market for imports of plywood and lumber.
Ghana Log Prices
Ghana Log Prices
Ghana logs,
domestic
US$
per m³
Up
to 80 cm
80cm+
Wawa
90-105
110-140
Odum Grade A
160-170
175-185
Ceiba
80-95
100-120
Chenchen
60-88
90-112
Khaya/Mahogany (Veneer Qual.)
70-90
95-120
Sapele Gradea A
130-150
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
480
560
Ceiba
205
260
Dahoma
330
390
Edinam (mixed redwood)
400
470
Emeri
425
490
African mahogany (Ivorensis)
580
670
Makore
510
600
Niangon
550
-
Odum
670
750
Sapele
540
600
Wawa 1C & Select
255
285
Ghana
sawnwood, domestic
US$ per m³
Wawa
25x300x4.2m
245
Emeri
25x300x4.2m
350
Ceiba
25x300x4.2m
204
Dahoma
50x150x4.2m
333 ⇑
Redwood
50x75x4.2m
278 ⇑
Ofram
25x225x4.2m
330
Ghana Veneer Prices
Rotary
Veneer, FOB
US$
per m³
CORE
(1-1.9mm)
FACE
(<2mm)
Bombax
325
350
Kyere, Ofram, Ogea & Otie
325
360
Chenchen
315
360
Ceiba
360
315
Mahogany
425
460
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
305
Slices
Veneer, FOB
US$
per m²
Face
Backing
Afrormosia
1.80
1.00
Asanfina
2.00
0.92
Avodire
1.12
0.85 ⇑
Chenchen
0.75 ⇑
0.50
Mahogany
1.50
0.79
Makore
1.40
0.85
Odum
1.54
1.10
Ghana Plywood Prices
Plywood,
FOB
US$ per m³
B/BB, Thickness
Redwoods
Light
Woods
WBP
MR
WBP
MR
4mm
560
465
500
375
6mm
380
315
335
285
9mm
388
305
290
270 ⇓
12mm
340
285
300
280
15mm
350
290
300
265 ⇓
18mm
300
290
285
260
Grade
AB/BB would attract a premium of 5%. BB/BB would be 5% less, C/CC 10%
less and CC/CC 15% less.
