$600 Bn
Market Size
23.5 Mn Ha
Forest Area
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Covered at 88% by forest and with 12.5 million hectares of sustainably managed forests containing over 400 species of trees, including the well-known Kevazingo and the popular Okoumé, Gabon is the reference and flagship component of the timber industry.
Covered at 88% by forest and with 12.5 million hectares of sustainably managed forests containing over 400 species of trees, including the well-known Kevazingo and the popular Okoumé, Gabon is the reference and flagship component of the timber industry.
$600 Bn
Market Size
23.5 Mn Ha
Forest Area
Gabon boasts immense timber wealth with 87% forest cover rich in Okoume and Mahogany. Yet, limited domestic processing means they export raw logs, capturing only a fraction of the value. This presents a golden opportunity for investors! The global wood processing market is surging towards USD 600 billion by 2025. Invest in processing facilities and transform Gabon's timber into high-value products like plywood, furniture, and lumber.
The forest industry is one of the major resources for Gabon that contributes to its GDP growth. According to the most recent statistics, the total forest area was estimated at 23.62 million hectares in 2010, and 23.5 million hectares in 2020. The modest net annual change between 2010 and 2020 was 11,900 hectares with 0.05% deforestation.
Furniture
Gabon's Furniture Market Forecast
$300 million
Plywood
Market Size
$54.2 Bn
CAGR
6.2%
Sawn Wood
Resources
400+ Timber Species
Veneer
Market Size
5% of Global Market
Road Network
Jetty
Port Connectivity
Medical Centre
Internet
Water Supply
Single Window Operation
Raw Materials
Training Centre
Drainage System
Electricity
Construction Ready Land
Police Station
Fire Station
Inland Container Depot
June 6, 2024
Gabon Ministers Explore Pharma, Wood Processing and Vocational Training Sectors at Nkok SEZ
View Article
June 6, 2024
Forestry Unit "Mila Mila" Setup & Wood Processing Agreement Signed in Dolisie
View Article
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