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| Gabonese timber company records increase in turnover |
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2009/5/13
Gabon - The turnover of the National Timber Company of Gabon (SNBG) registered an increase of 12 per cent in 2008, against the seven per cent it made in 2007, said a communique issued Friday at the end of the meeting of the board of directors in Libreville.
The increase was due to the significant increase in the sales in volumes, with a strong progression of the different timber species whose sales in value represented 40 per cent of the global export figure in 2008, against only nine per cent in 2007, the communique stressed.
The Asian market, mainly represented by China and India, absorbed 84 per cent of sales of SNBG as against 66 per cent in 2007.
The Mediterranean basin registered a drop in its market share that went from 26 per cent in 2007 to eleven per cent in 2008.
Likewise, the exports of SNBG to Europe continued to reduce, registering a fall by more than 30 per cent, going from 33,313 cubic metres in 2007 to 10,404 cubic metres in 2008.
However, the volume of the different timbers is almost multiplied four-fold, going from 3,300 cubic metres in 2007, up to 12,307cubic metres in 2008.
Concerning sales by species, mahogany occupied the first place, representing 74 per cent of total sales and the different timbers considerably progressed, going from 6 per cent of the exports in 2007 up to 25 per cent in 2008.
Ozigo, a specie whose exploitation has been forbidden since 1 January 2009, registered less than one per cent of the sales of the company.
SNBG was created in 1975 and has a capital divided between the state, the foresters and the employees.
The Gabonese government decided in 2005 to redefine the missions of SNBG and announced the total liberalisation of the commercialisation of mahogany and ozigo, the two main Gabonese species whose exportation had been for many years under the control of the company.
Libreville - 09/05/2009
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