Cameroon: Densified Wood Market 2024

Densified Wood Market Size in Cameroon

The Cameroonian densified wood market reduced to $X in 2022, declining by X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Densified Wood Production in Cameroon

In value terms, densified wood production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Densified Wood Exports

Exports from Cameroon

In 2022, overseas shipments of densified wood were finally on the rise to reach X tons after four years of decline. Overall, exports, however, showed a mild shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, densified wood exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Turkey (X tons) was the main destination for densified wood exports from Cameroon, accounting for a X% share of total exports. Moreover, densified wood exports to Turkey exceeded the volume sent to the second major destination, Italy (X tons), twofold. India (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and India (X% per year).

In value terms, Turkey ($X) remains the key foreign market for densified wood exports from Cameroon, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports. It was followed by Italy, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Italy (X% per year).

Export Prices by Country

In 2022, the average densified wood export price amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, saw a abrupt slump. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Senegal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced a decline.

Densified Wood Imports

Imports into Cameroon

In 2022, after seven years of decline, there was significant growth in supplies from abroad of densified wood, when their volume increased by X% to X kg. Over the period under review, imports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, densified wood imports amounted to $X in 2022. Overall, imports, however, continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Africa (X kg) constituted the largest densified wood supplier to Cameroon, with a X% share of total imports. Moreover, densified wood imports from South Africa exceeded the figures recorded by the second-largest supplier, Spain (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Africa amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and China (X% per year).

In value terms, South Africa ($X) constituted the largest supplier of densified wood to Cameroon, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from South Africa amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the average densified wood import price amounted to $X per ton, reducing by X% against the previous year. In general, the import price, however, continues to indicate a perceptible expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then contracted notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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