Cameroon: Industrial Roundwood (Non-Coniferous) Market 2024

Industrial Roundwood (Non-Coniferous) Market Size in Cameroon

The Cameroonian industrial roundwood (non-coniferous) market stood at $X in 2022, with an increase of 14% against the previous year. In general, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, (non-coniferous) consumption increased by +41.7% against 2018 indices. Industrial roundwood (non-coniferous) consumption peaked in 2022 and is expected to retain growth in years to come.

Industrial Roundwood (Non-Coniferous) Production in Cameroon

In value terms, industrial roundwood (non-coniferous) production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of 57%. As a result, production reached the peak level of $X. From 2020 to 2022, (non-coniferous) production growth failed to regain momentum.

Industrial Roundwood (Non-Coniferous) Exports

Exports from Cameroon

In 2022, approx. X cubic meters of industrial roundwood were exported from Cameroon; which is down by -29.2% on the previous year. In general, exports, however, showed a tangible expansion. The pace of growth was the most pronounced in 2015 with an increase of 127%. As a result, the exports attained the peak of X cubic meters. From 2016 to 2022, the growth of the (non-coniferous) exports remained at a somewhat lower figure.

In value terms, industrial roundwood (non-coniferous) exports reduced sharply to $X in 2022. Overall, exports, however, posted a strong expansion. The growth pace was the most rapid in 2015 when exports increased by 130% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the (non-coniferous) exports remained at a somewhat lower figure.

Exports by Country

China (X cubic meters), Vietnam (X cubic meters) and India (X cubic meters) were the main destinations of industrial roundwood (non-coniferous) exports from Cameroon, together comprising 75% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +7.6%), while the other leaders experienced a decline.

In value terms, China ($X), Vietnam ($X) and India ($X) were the largest markets for industrial roundwood (non-coniferous) exported from Cameroon worldwide, together comprising 68% of total exports.

Among the main countries of destination, China, with a CAGR of +7.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average industrial roundwood (non-coniferous) export price stood at $X per cubic meter in 2022, growing by 8.9% against the previous year. Over the period under review, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial roundwood (non-coniferous) export price increased by +71.5% against 2017 indices. The growth pace was the most rapid in 2019 when the average export price increased by 23%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

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 ($X per cubic meter), while the average price for exports to Vietnam ($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 Turkey (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Roundwood (Non-Coniferous) Imports

Imports into Cameroon

In 2022, purchases abroad of industrial roundwood decreased by -49.3% to X cubic meters, falling for the third consecutive year after two years of growth. Over the period under review, imports saw a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of 7,070% against the previous year. As a result, imports attained the peak of X cubic meters. From 2016 to 2022, the growth of (non-coniferous) imports remained at a somewhat lower figure.

In value terms, industrial roundwood (non-coniferous) imports plummeted to $X in 2022. In general, imports continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 3,767%. Over the period under review, (non-coniferous) imports hit record highs at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Central African Republic (X cubic meters) was the main supplier of industrial roundwood (non-coniferous) to Cameroon, with a 97% share of total imports. It was followed by Congo (X cubic meters), with a 2.3% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Central African Republic totaled -2.1%.

In value terms, Central African Republic ($X) and Congo ($X) appeared to be the largest industrial roundwood (non-coniferous) suppliers to Cameroon.

Among the main suppliers, Congo, with a CAGR of -21.6%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average industrial roundwood (non-coniferous) import price stood at $X per cubic meter in 2022, with a decrease of -16.4% against the previous year. Over the period under review, the import price faced a drastic downturn. The pace of growth was the most pronounced in 2016 an increase of 25%. Over the period under review, average import prices attained the maximum at $X per cubic meter in 2013; however, from 2014 to 2022, import prices remained at a 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 Congo ($X per cubic meter), while the price for Central African Republic totaled $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Congo (+17.4%).

Source: IndexBox Platform