Non coniferous roundwood market in Liberia

Earlier Report Observations

The market for non-coniferous roundwood in Liberia demonstrated steady expansion from 2018 to 2023. Starting at 9 630 thousand m³, the market volume grew consistently each year, reaching 11 221 thousand m³ by the end of the period. This represented an overall increase of approximately 17%.

Annual growth rates remained relatively stable, typically around 3%. A slight moderation to a 2.4% increase occurred in 2022, but growth accelerated again to nearly 4% in 2023. The market's expansion was primarily supported by rising domestic production throughout these years.

Production non coniferous roundwood in Liberia

In kind, 2017-2020, K m³

Top producers of non coniferous roundwood, 2017-2020

World map of production of non coniferous roundwood, 2017-2020

Liberia's non-coniferous roundwood production has increased for the third consecutive year. In 2020, the country produced 10 237 thousand cubic meters, marking a 3.1% rise from the previous year. Over the period from 2017 to 2020, production grew by 9.6%, with an average annual growth rate of 3.1%.

Annual dynamics of production in Liberia in kind, 2017-2020, K m³

Exports non coniferous roundwood from Liberia

Exports in kind, m³

The export market for non-coniferous roundwood from Liberia showed significant volatility during this period. Exports reached their lowest point in 2017 and peaked in 2018, with a 5.2-fold difference between these years. In 2020, Liberia exported 150.0 cubic meters, representing a sharp decline of 72.8% compared to 2019. The highest export volume was recorded in 2018 at 583.0 cubic meters, which also saw the largest increase of 415.9%.

Annual dynamics of product's exports from Liberia in kind, 2017-2020, m³

From 2017 to 2020, Singapore, China, and Turkey were the primary destinations for Liberia's non-coniferous roundwood exports, accounting for 40.4%, 11.3%, and 6.1% of total exports in volume, respectively. Together, these three countries represented 57.7% of Liberia's total non-coniferous roundwood exports.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Liberia in kind, 2017-2020

Exports in value, K $ US

Export values for non-coniferous roundwood from Liberia were highly volatile over these years. The lowest value occurred in 2017, while the peak was in 2018, with a 22-fold gap between them. In 2020, exports amounted to 37.5 thousand US dollars, down 79.6% year-over-year. The maximum value was recorded in 2018 at 350.9 thousand US dollars, which also experienced the largest increase of 2 120.6%.

Annual dynamics of product's exports from Liberia in value, 2017-2020, K $ US

During 2017–2020, Singapore, China, and Turkey were the key markets for Liberia's non-coniferous roundwood exports in value terms, collectively accounting for 74.8% of total export revenue.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Liberia in value, 2017-2020

Imports non coniferous roundwood to Liberia

Imports in kind, m³

Import volumes of non-coniferous roundwood into Liberia fluctuated noticeably during this period. Imports bottomed out in 2019 and peaked in 2018, with a 2.5-fold difference. In 2020, imports stood at 401.0 cubic meters, which is 45.3% higher than the previous year. The minimum volume was recorded in 2019 at 276.0 cubic meters, which also saw the largest decline of 59.4%.

Annual dynamics of product's imports to Liberia in kind, 2017-2020, m³

From 2017 to 2020, Nigeria and South Africa were the main suppliers of non-coniferous roundwood to Liberia, together accounting for 94.9% of total imports in volume. The remaining imports were distributed among various other countries.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Liberia in kind, 2017-2020

Imports in value, K $ US

Liberia's import value of non-coniferous roundwood declined for the second consecutive year. In 2020, imports totaled 153.6 thousand US dollars, showing a sharp decrease of 39.8% compared to the previous year. Over the period from 2018 to 2020, imports fell by 80.8%, with an average annual decline of 42.4%.

Annual dynamics of product's imports to Liberia in value, 2017-2020, K $ US

Throughout 2017–2020, Nigeria, China, and South Africa were the primary sources for Liberia's non-coniferous roundwood imports in value terms, representing 64.1%, 12.8%, and 12.7% of total import value, respectively. Together, these three countries accounted for 89.6% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Liberia in value, 2017-2020