Cameroon: Wood-Based Panels Market 2024

Wood-Based Panels Market Size in Cameroon

The Cameroonian wood-based panels market declined to $X in 2022, with a decrease of X% against the previous year. Over the period under review, the total consumption indicated modest growth 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, consumption increased by X% against 2020 indices. Wood-based panels consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Wood-Based Panels Production in Cameroon

In value terms, wood-based panels production declined to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Wood-Based Panels Exports

Exports from Cameroon

In 2022, shipments abroad of wood-based panels increased by X% to X cubic meters, rising for the sixth year in a row after three years of decline. Over the period under review, exports, however, showed a slight downturn. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, wood-based panels exports rose sharply to $X in 2022. In general, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Senegal (X cubic meters), China (X cubic meters) and Central African Republic (X cubic meters) were the main destinations of wood-based panels exports from Cameroon, with a combined X% share of total exports. Italy, Taiwan (Chinese), Spain, Nigeria, the United States and Chad lagged somewhat behind, together comprising a further X%.

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

In value terms, Italy ($X), Senegal ($X) and China ($X) were the largest markets for wood-based panels exported from Cameroon worldwide, with a combined X% share of total exports. Taiwan (Chinese), Central African Republic, Spain, the United States, Nigeria and Chad lagged somewhat behind, together accounting for a further X%.

Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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 wood-based panels export price stood at $X per cubic meter in 2022, falling by X% against the previous year. Overall, the export price recorded a perceptible decrease. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per cubic meter. From 2014 to 2022, the average export prices remained at a somewhat 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 Italy ($X per cubic meter), while the average price for exports to Central African Republic ($X per cubic meter) was amongst the lowest.

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

Wood-Based Panels Imports

Imports into Cameroon

In 2022, approx. X cubic meters of wood-based panels were imported into Cameroon; rising by X% on the previous year's figure. Over the period under review, imports posted a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wood-based panels imports skyrocketed to $X in 2022. In general, imports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Imports peaked at $X in 2018; afterwards, it flattened through to 2022.

Imports by Country

In 2022, China (X cubic meters) constituted the largest supplier of wood-based panels to Cameroon, accounting for a X% share of total imports. Moreover, wood-based panels imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X cubic meters), fivefold. The third position in this ranking was held by Brazil (X cubic meters), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of wood-based panels to Cameroon, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with an X% share of total imports. It was followed by Brazil, with a X% share.

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

Import Prices by Country

The average wood-based panels import price stood at $X per cubic meter in 2022, reducing by X% against the previous year. Overall, the import price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 an increase of X%. The import price peaked at $X per cubic meter in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Turkey ($X per cubic meter) and the United Arab Emirates ($X per cubic meter), while the price for Brazil ($X per cubic meter) and China ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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