Market research

Wood fuel market in Ghana

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

Ghana's wood fuel market volume showed consistent growth from 47.6 million cubic meters in 2018 to 54.1 million cubic meters in 2023. The market expanded each year, with a more pronounced increase of over 4% in 2020, followed by steady annual growth of approximately 2.5% through the end of the period.

The continued expansion in 2022 occurred alongside global developments in the wood fuel sector. Rising worldwide demand for renewable energy and biomass, coupled with supply chain disruptions stemming from geopolitical events, reinforced the importance of domestic wood fuel resources in Ghana, supporting the market's upward trend.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Ghana
  1. 5.1.1. Annual dynamics of production in Ghana in kind, 2018-2023, K m³
  2. 5.1.2. Annual dynamics of production in Ghana in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K m³
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K m³
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Exports
1. 6.1. Exports (Direct Data*)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, K m³
    1. 6.1.2.1. Annual dynamics of product's exports from Ghana in kind, 2018-2024, K m³
    2. 6.1.2.2. Dynamics of product's exports in kind from Ghana by countries, 2018-2024, K m³
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Ghana in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Ghana by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/m³
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Ghana, 2018-2024, $ US/m³
    2. 6.1.4.2. Dynamics of average price of product's exports from Ghana by countries, 2018-2024, $ US/m³
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, K m³
    1. 6.2.2.1. Annual dynamics of product's exports from Ghana in kind, 2018-2024, K m³
    2. 6.2.2.2. Dynamics of product's exports in kind from Ghana by countries, 2018-2024, K m³
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Ghana in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Ghana by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/m³
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Ghana, 2018-2024, $ US/m³
    2. 6.2.4.2. Dynamics of average price of product's exports from Ghana by countries, 2018-2024, $ US/m³
7. Imports
1. 7.1. Imports (Direct Data*)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, K m³
    1. 7.1.2.1. Annual dynamics of product's imports to Ghana in kind, 2018-2024, K m³
    2. 7.1.2.2. Dynamics of product's imports in kind to Ghana by countries, 2018-2024, K m³
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Ghana in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Ghana by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/m³
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Ghana, 2018-2024, $ US/m³
    2. 7.1.4.2. Dynamics of average price of product's imports to Ghana by countries, 2018-2024, $ US/m³
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, K m³
    1. 7.2.2.1. Annual dynamics of product's imports to Ghana in kind, 2018-2024, K m³
    2. 7.2.2.2. Dynamics of product's imports in kind to Ghana by countries, 2018-2024, K m³
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Ghana in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Ghana by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/m³
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Ghana, 2018-2024, $ US/m³
    2. 7.2.4.2. Dynamics of average price of product's imports to Ghana by countries, 2018-2024, $ US/m³
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K m³
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K m³
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production wood fuel in Ghana

In kind, 2017-2020, K m³

Between 2017 and 2020, Ghana ranked as the world's eighth-largest producer of wood fuel.

Top producers of wood fuel, 2017-2020

Source: SHEV.io

World map of production of wood fuel, 2017-2020

Source: SHEV.io

In 2020, Ghana produced 50,166 thousand cubic meters of wood fuel, marking a modest increase of 5.3% from the previous year. Over the 2017-2020 period, production grew by 8.1%, with an average annual growth rate of 2.6%. The smallest change occurred in 2019, when production remained essentially flat.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	2.6%	-	5.3%	2.6%

Source: SHEV.io

Exports wood fuel from Ghana

Exports in kind, K m³

The market experienced significant fluctuations during this period. Exports reached their lowest point in 2017 and peaked in 2019, showing a 12.5-fold difference between these years. In 2020, Ghana's cross-border shipments of wood fuel totaled 1.8 thousand cubic meters, representing a sharp decline of 90.6% from 2019. The highest export volume was recorded in 2019 at 18.8 thousand cubic meters, with the largest year-on-year increase of 412.8% also occurring that year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	144.3%	412.8%	(90.6%)	5.4%

Source: SHEV.io

From 2017 to 2020, India, China, and the United Kingdom were the top contributors to Ghana's wood fuel exports by volume. India accounted for 60.8% of exports, China for 16.6%, and the United Kingdom for 6.1%, together making up 83.4% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

Market behavior was volatile during these years. The lowest export value was recorded in 2020, while the highest was reached in 2018, with a peak-to-trough ratio of 48 times. In 2020, Ghana's wood fuel exports amounted to 362 thousand US dollars, an 87.5% decrease from 2019. The maximum value was 17,452 thousand US dollars in 2018, which also saw the largest increase of 1.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	1.7%	(83.4%)	(87.5%)	(72.4%)

Source: SHEV.io

Over the 2017-2020 period, Turkey was the dominant partner for Ghana's wood fuel exports in value terms, holding a 77.9% share of total flows, while other markets contributed smaller portions.

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

Source: SHEV.io

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

Source: SHEV.io

Imports wood fuel to Ghana

Imports in kind, K m³

The import market showed volatility during the observed period. Imports hit their lowest point in 2018 and peaked in 2019, with a 5,621-fold difference between these years. In 2020, Ghana's wood fuel imports totaled 0.8 thousand cubic meters, a dramatic reduction of 99.7% from 2019. The minimum volume was 0.0 thousand cubic meters in 2018, while the maximum was 255.6 thousand cubic meters in 2019, which also saw the largest increase of 561,993.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(51.5%)	561 993.7%	(99.7%)	105.4%

Source: SHEV.io

From 2017 to 2020, Ghana's import base for wood fuel by volume was highly concentrated, with the United Kingdom alone responsible for 99.6% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

The market trend was unstable throughout this timeframe. Imports reached their lowest point in 2018 and peaked in 2019, showing a 343-fold swing. In 2020, Ghana imported approximately 208 thousand US dollars of wood fuel, indicating a sharp decline of 97.9% from 2019. The minimum value was 29 thousand US dollars in 2018, while the maximum was 9,978 thousand US dollars in 2019, which also recorded the largest increase of 34,238.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(39.6%)	34 238.8%	(97.9%)	62.9%

Source: SHEV.io

During 2017-2020, the structure of Ghana's wood fuel imports in value terms was dominated by the United Kingdom, which accounted for 89.3% of total flows, with numerous minor partners making up the remainder.

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

Source: SHEV.io

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

Source: SHEV.io