Cameroon: Footwear Market 2024

Footwear Market Size in Cameroon

The Cameroonian footwear market surged to $X in 2022, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a pronounced setback. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Footwear Exports

Exports from Cameroon

In 2022, shipments abroad of footwear was finally on the rise to reach X pairs after two years of decline. Over the period under review, exports recorded noticeable growth. The growth pace was the most rapid in 2018 when exports increased by X%. The exports peaked at X pairs in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, footwear exports reduced modestly to $X in 2022. In general, exports showed a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Central African Republic (X pairs) was the main destination for footwear exports from Cameroon, accounting for a X% share of total exports. Moreover, footwear exports to Central African Republic exceeded the volume sent to the second major destination, Canada (X pairs), fivefold. The UK (X pairs) 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 Central African Republic totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and the UK (X% per year).

In value terms, Central African Republic ($X) remains the key foreign market for footwear exports from Cameroon, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Central African Republic stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Switzerland (X% per year).

Export Prices by Country

In 2022, the average footwear export price amounted to $X per pair, declining by X% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price 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, footwear export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per pair in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per pair), while the average price for exports to the UK ($X per pair) was amongst the lowest.

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

Footwear Imports

Imports into Cameroon

In 2022, footwear imports into Cameroon soared to X pairs, growing by X% against 2021 figures. In general, imports, however, showed a slight downturn. The pace of growth was the most pronounced in 2020 when imports increased by X%. As a result, imports reached the peak of X pairs. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, footwear imports surged to $X in 2022. Overall, imports, however, showed a noticeable setback. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X pairs) constituted the largest supplier of footwear to Cameroon, with a X% share of total imports. Moreover, footwear imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X pairs), fourfold.

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: the United Arab Emirates (X% per year) and Cote d'Ivoire (X% per year).

In value terms, China ($X), the United Arab Emirates ($X) and Cote d'Ivoire ($X) constituted the largest footwear suppliers to Cameroon, together accounting for X% of total imports.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average footwear import price stood at $X per pair in 2022, declining by X% against the previous year. Overall, the import price showed a mild decrease. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. As a result, import price attained the peak level of $X per pair, and then fell rapidly 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 Cote d'Ivoire ($X per pair), while the price for China ($X per pair) was amongst the lowest.

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

Source: IndexBox Platform