Cameroon: Sawnwood Market 2024

Sawnwood Market Size in Cameroon

After five years of growth, the Cameroonian sawnwood market decreased by X% to $X in 2022. In general, consumption, however, recorded a perceptible shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sawnwood Production in Cameroon

In value terms, sawnwood production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight slump. The pace of growth was the most pronounced in 2014 with an increase of X%. Sawnwood production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Sawnwood Exports

Exports from Cameroon

In 2022, approx. X cubic meters of sawnwood were exported from Cameroon; growing by X% against 2021 figures. Overall, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, sawnwood exports surged to $X in 2022. Over the period under review, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

China (X cubic meters), Belgium (X cubic meters) and Vietnam (X cubic meters) were the main destinations of sawnwood exports from Cameroon, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Belgium ($X) and China ($X) were the largest markets for sawnwood exported from Cameroon worldwide, with a combined X% share of total exports.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sawnwood export price stood at $X per cubic meter in 2022, falling by X% against the previous year. Over the period under review, the export price recorded a perceptible slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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

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

Sawnwood Imports

Imports into Cameroon

In 2022, supplies from abroad of sawnwood was finally on the rise to reach X cubic meters for the first time since 2019, thus ending a two-year declining trend. In general, imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports attained the peak of X cubic meters. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, sawnwood imports surged to $X in 2022. Overall, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X cubic meters), Turkey (X cubic meters) and Central African Republic (X cubic meters) were the main suppliers of sawnwood imports to Cameroon, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Turkey ($X) and the United Arab Emirates ($X) constituted the largest sawnwood suppliers to Cameroon, together accounting for X% of total imports.

The United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average sawnwood import price amounted to $X per cubic meter, increasing by X% against the previous year. Overall, the import price saw a mild increase. Over the period under review, average import prices attained the maximum at $X per cubic meter in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 the United States ($X per cubic meter), while the price for Central African Republic ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform

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