Cameroon: Densified Wood Market 2025

Densified Wood Market Size in Cameroon

The Cameroonian densified wood market rose significantly to $X in 2022, surging by 5% against the previous year. The market value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Densified Wood Production in Cameroon

In value terms, densified wood production rose significantly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2020 when the production volume increased by 25% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Densified Wood Exports

Exports from Cameroon

In 2022, approx. X tons of densified wood were exported from Cameroon; growing by 36% on 2021 figures. Overall, exports showed prominent growth. The pace of growth was the most pronounced in 2017 with an increase of 55%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, densified wood exports soared to $X in 2022. Over the period under review, exports, however, saw a perceptible decline. The pace of growth appeared the most rapid in 2017 when exports increased by 60% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Turkey (X tons), Senegal (X tons) and Italy (X tons) were the main destinations of densified wood exports from Cameroon, with a combined 62% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +24.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the key foreign market for densified wood exports from Cameroon, comprising 47% of total exports. The second position in the ranking was held by Thailand ($X), with a 9.8% share of total exports. It was followed by India, with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey amounted to -6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+6.7% per year) and India (+11.9% per year).

Export Prices by Country

The average densified wood export price stood at $X per ton in 2022, with an increase of 11% against the previous year. Over the period under review, the export price, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 14% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Senegal ($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 (-0.6%), while the prices for the other major destinations experienced a decline.

Densified Wood Imports

Imports into Cameroon

Densified wood imports into Cameroon skyrocketed to X tons in 2022, increasing by 118% against 2021 figures. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 7,725% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, densified wood imports skyrocketed to $X in 2022. Over the period under review, imports posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 6,771% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X tons) was the main supplier of densified wood to Cameroon, with a 93% share of total imports. Moreover, densified wood imports from South Africa exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from South Africa amounted to +159.3%.

In value terms, South Africa ($X) constituted the largest supplier of densified wood to Cameroon, comprising 88% of total imports. The second position in the ranking was held by Spain ($X), with a 1.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from South Africa totaled +128.2%.

Import Prices by Country

In 2022, the average densified wood import price amounted to $X per ton, waning by -35.6% against the previous year. Over the period under review, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2013 an increase of 125% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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 South Africa ($X per ton), while the price for Spain stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+47.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform