Product Code: ETC036796 | Publication Date: Oct 2020 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The Ghana Lumber Market is projected to witness mixed growth rate patterns during 2025 to 2029. From 3.63% in 2025, the growth rate steadily ascends to 4.71% in 2029.
In the Africa region, the Lumber market in Ghana is projected to expand at a stable growth rate of 3.64% by 2027. The largest economy is Egypt, followed by South Africa, Ethiopia, Algeria and Nigeria.
In Ghana, the lumber market is witnessing steady growth, driven by the demand for wood products and construction materials for residential, commercial, and infrastructure projects. Lumber, also known as timber or wood planks, serves as a versatile and renewable resource for building structures, furniture, flooring, and packaging materials. With Ghana abundant forest resources and construction activities, the market for lumber is expected to continue expanding in the country.
The Ghana lumber market is experiencing growth driven by increasing construction activities, infrastructure development, and furniture manufacturing. Lumber products, including hardwood and softwood timber, are in high demand for building construction, interior design, and furniture production, driving market expansion in the country.
Challenges in the lumber market include sustainable forestry practices and market volatility. Balancing the demand for timber products with forest conservation and biodiversity preservation requires responsible harvesting and replanting initiatives. Additionally, addressing price fluctuations and supply chain disruptions driven by factors such as weather events, trade policies, and economic conditions is essential for market stability and resilience.
The government of Ghana has implemented policies to promote sustainable forest management practices and ensure the responsible exploitation of timber resources in the lumber market. Measures include regulations on logging activities, enforcement of sustainable harvesting practices, and initiatives to promote value-added wood processing and timber certification schemes. Additionally, efforts are underway to address illegal logging and promote reforestation initiatives to safeguard the long-term viability of the lumber industry.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Ghana Lumber Market Overview |
3.1 Ghana Country Macro Economic Indicators |
3.2 Ghana Lumber Market Revenues & Volume, 2021 & 2031F |
3.3 Ghana Lumber Market - Industry Life Cycle |
3.4 Ghana Lumber Market - Porter's Five Forces |
3.5 Ghana Lumber Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 Ghana Lumber Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Ghana Lumber Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Ghana Lumber Market Trends |
6 Ghana Lumber Market, By Types |
6.1 Ghana Lumber Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Ghana Lumber Market Revenues & Volume, By Types, 2021-2031F |
6.1.3 Ghana Lumber Market Revenues & Volume, By Hardwood Lumber, 2021-2031F |
6.1.4 Ghana Lumber Market Revenues & Volume, By Softwood Lumber, 2021-2031F |
6.2 Ghana Lumber Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Ghana Lumber Market Revenues & Volume, By Construction, 2021-2031F |
6.2.3 Ghana Lumber Market Revenues & Volume, By Furniture, 2021-2031F |
6.2.4 Ghana Lumber Market Revenues & Volume, By Flooring, 2021-2031F |
6.2.5 Ghana Lumber Market Revenues & Volume, By Moldings, 2021-2031F |
6.2.6 Ghana Lumber Market Revenues & Volume, By Others, 2021-2031F |
7 Ghana Lumber Market Import-Export Trade Statistics |
7.1 Ghana Lumber Market Export to Major Countries |
7.2 Ghana Lumber Market Imports from Major Countries |
8 Ghana Lumber Market Key Performance Indicators |
9 Ghana Lumber Market - Opportunity Assessment |
9.1 Ghana Lumber Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 Ghana Lumber Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Ghana Lumber Market - Competitive Landscape |
10.1 Ghana Lumber Market Revenue Share, By Companies, 2024 |
10.2 Ghana Lumber Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |