Cameroon: Men Knitwear Market 2024

Men Knitwear Market Size in Cameroon

The Cameroonian men knitwear market declined modestly to $X in 2022, which is down by -4.7% against the previous year. Over the period under review, consumption showed a pronounced contraction. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Men Knitwear Production in Cameroon

In value terms, men knitwear production contracted sharply to $X in 2022 estimated in export price. Overall, production, however, enjoyed significant growth. The growth pace was the most rapid in 2016 with an increase of 856% against the previous year. Men knitwear production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Men Knitwear Exports

Exports from Cameroon

In 2022, shipments abroad of men's or boys' clothing (knitted or crocheted) was finally on the rise to reach X units after two years of decline. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 689% against the previous year. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, men knitwear exports soared to $X in 2022. In general, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 902% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Myanmar (X units) was the main destination for men knitwear exports from Cameroon, with a 12% share of total exports. It was followed by Singapore (X units), with a 0.4% share of total exports. The third position in this ranking was held by Hong Kong SAR (X units), with a 0.2% share.

From 2012 to 2022, the average annual growth rate of volume to Myanmar stood at -41.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+12.7% per year) and Hong Kong SAR (-38.8% per year).

In value terms, Myanmar ($X) emerged as the key foreign market for men's or boys' clothing (knitted or crocheted) exports from Cameroon, comprising 48% of total exports. The second position in the ranking was taken by Israel ($X), with a 0.5% share of total exports. It was followed by Singapore, with a 0.5% share.

From 2012 to 2022, the average annual growth rate of value to Myanmar totaled +1,767.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (-95.9% per year) and Singapore (+33.4% per year).

Export Prices by Country

In 2022, the average men knitwear export price amounted to $X per unit, declining by -20% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2019 an increase of 91% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the 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 Myanmar ($X per unit), while the average price for exports to Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+3,066.9%), while the prices for the other major destinations experienced more modest paces of growth.

Men Knitwear Imports

Imports into Cameroon

In 2022, approx. X units of men's or boys' clothing (knitted or crocheted) were imported into Cameroon; approximately reflecting 2021 figures. Over the period under review, imports, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 146%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, men knitwear imports expanded significantly to $X in 2022. Overall, imports, however, saw a deep setback. The pace of growth appeared the most rapid in 2020 with an increase of 78% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main men knitwear supplier to Cameroon, accounting for a 97% share of total imports. It was followed by India (X units), with a 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -4.2%.

In value terms, China ($X) constituted the largest supplier of men's or boys' clothing (knitted or crocheted) to Cameroon, comprising 94% of total imports. The second position in the ranking was taken by India ($X), with a 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled -7.6%.

Import Prices by Country

The average men knitwear import price stood at $X per unit in 2022, surging by 11% against the previous year. Over the period under review, the import price, however, saw a pronounced setback. The pace of growth appeared the most rapid in 2013 an increase of 39%. Over the period under review, average import prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-3.6%).

Source: IndexBox Platform