Non coniferous sawnwood market in Guinea

Earlier Report Observations

The non-coniferous sawnwood market in Guinea expanded to 29 039 m³ in 2019 from 28 130 m³ in 2018. This growth coincided with the start of large-scale mining projects with annual capacities of 40-60 million tonnes, which stimulated broader economic activity and demand for wood in infrastructure development. Additionally, the AgriFARM project launched in late 2018 aimed at improving agricultural resilience, likely boosting local demand for wood in farming and construction.

Market volume remained stable around 29 000 m³ through 2020 and 2021, then dipped to 28 347 m³ in 2022. During this period, the government increased support for the rural sector to enhance production, encouraging the resumption of wood cutting for local supply. Agreements between the government and the Chamber of Commerce, Industry and Crafts of Guinea (CCIAG) were also signed to guarantee market supply and price stability for essential goods, influencing wood distribution.

In 2023, the market rebounded to 29 833 m³, a 5.2% increase from the previous year. This growth was directly supported by a 1.6% rise in forestry activities, linked to the managed resumption of wood cutting for the local market. The continuation of government-CCIAG protocols, which included tax reliefs, further supported commercial dynamics, with a third protocol signed in early 2024 to maintain supply and price stability.

Production non coniferous sawnwood in Guinea

In kind, 2017-2020, m³

Top producers of non coniferous sawnwood, 2017-2020

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

In 2020, Guinea produced 30 000 m³ of non-coniferous sawnwood, showing only a marginal fluctuation compared to the previous year. The largest decline and increase both occurred in 2018, each at 0.0%.

Annual dynamics of production in Guinea in kind, 2017-2020, m³

Exports non coniferous sawnwood from Guinea

Exports in kind, m³

After a two-year decrease, Guinea's exports of non-coniferous sawnwood increased in 2020, reaching 1 022 m³, which marks a moderate 6.2% rise from 2019. The minimum value was recorded in 2019 at 962 m³, with the largest decline that year at 57.7%. Overall, between 2017 and 2020, exports fell by 60.4%, averaging an annualized decrease of 26.5%.

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

From 2017 to 2020, China, Asia (not elsewhere specified), and Vietnam were the leading destinations for Guinea's non-coniferous sawnwood exports in kind. China accounted for 51.4% of exports, Asia for 18.8%, and Vietnam for 6.8%, together representing 77.1% of total flows.

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

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

Exports in value, K $ US

The market for Guinea's non-coniferous sawnwood exports in value terms showed volatility during the observed period. Exports peaked in 2017 and bottomed in 2018, with a threefold difference between these years. In 2020, exports totaled 652 K $ US, reflecting a modest 8.0% decline year-over-year. The minimum value was 596 K $ US in 2018, with the largest decline that year at 66.7%, while the largest increase occurred in 2019 at 19.1%.

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

From 2017 to 2020, China, Asia (not elsewhere specified), and Vietnam formed the key group of partners for Guinea's non-coniferous sawnwood exports in value terms. China held a 38.0% share, Asia 24.5%, and Vietnam 7.8%, collectively accounting for 70.2% of total flows.

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

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

Imports non coniferous sawnwood to Guinea

Imports in kind, m³

The data for Guinea's non-coniferous sawnwood imports in kind reveals irregular changes, indicating a volatile market environment. Imports peaked in 2018 at 405 m³ and declined to the lowest level in 2019 at 1 m³, representing a 405-fold difference. In 2020, imports totaled 38 m³, a sharp 3,700.0% increase over the previous year. The largest decline was recorded in 2019 at 99.8%, while the largest increase occurred in 2018 at 10,025.0%.

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

From 2017 to 2020, Guinea's imports of non-coniferous sawnwood in kind were highly concentrated, with Belgium accounting for 91.5% of total flows.

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

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

Imports in value, K $ US

The data for Guinea's non-coniferous sawnwood imports in value terms shows irregular changes, pointing to a volatile market. Imports reached a maximum in 2018 at 74 K $ US and a minimum in 2019 at 1 K $ US, with a 121-fold variation. In 2020, imports stood at 46 K $ US, a sharp 7,424.0% gain year-over-year. The largest decline was in 2019 at 99.2%.

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

Throughout 2017–2020, the partner structure for Guinea's non-coniferous sawnwood imports in value terms was centred on Belgium, which accounted for 81.8% of total flows, while other markets played a less significant role.

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

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