Cameroon: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in Cameroon

The Cameroonian metal office furniture market declined to $X in 2022, which is down by -12.1% 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). Overall, consumption, however, continues to indicate buoyant growth. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Metal Office Furniture Exports

Exports from Cameroon

In 2022, shipments abroad of metal office furniture was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports enjoyed slight growth. The growth pace was the most rapid in 2019 when exports increased by 2,724% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal office furniture exports soared to $X in 2022. In general, exports continue to indicate a noticeable expansion. The growth pace was the most rapid in 2019 when exports increased by 2,685% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Central African Republic (X tons) was the main destination for metal office furniture exports from Cameroon, accounting for a 91% share of total exports. Moreover, metal office furniture exports to Central African Republic exceeded the volume sent to the second major destination, Austria (X kg), more than tenfold. Cote d'Ivoire (X kg) ranked third in terms of total exports with a 0.7% share.

From 2012 to 2022, the average annual growth rate of volume to Central African Republic totaled +37.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-4.5% per year) and Cote d'Ivoire (-28.0% per year).

In value terms, Central African Republic ($X) remains the key foreign market for metal office furniture exports from Cameroon, comprising 90% of total exports. The second position in the ranking was taken by Austria ($X), with a 7% share of total exports. It was followed by Singapore, with a 0.6% share.

From 2012 to 2022, the average annual growth rate of value to Central African Republic totaled +47.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+2.8% per year) and Singapore (-22.2% per year).

Export Prices by Country

In 2022, the average metal office furniture export price amounted to $X per ton, shrinking by -22.2% against the previous year. Overall, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal office furniture export price increased by +24.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 43% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Equatorial Guinea ($X per ton), while the average price for exports to Cote d'Ivoire ($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 Equatorial Guinea (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Office Furniture Imports

Imports into Cameroon

In 2022, approx. X tons of metal office furniture were imported into Cameroon; reducing by -9.7% against the year before. In general, imports, however, showed a buoyant increase. The growth pace was the most rapid in 2016 when imports increased by 272% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, metal office furniture imports declined to $X in 2022. Overall, imports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2016 when imports increased by 308% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest metal office furniture supplier to Cameroon, accounting for a 41% share of total imports. Moreover, metal office furniture imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), twofold. The third position in this ranking was held by France (X tons), with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +19.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+9.8% per year) and France (+2.7% per year).

In value terms, China ($X) constituted the largest supplier of metal office furniture to Cameroon, comprising 41% of total imports. The second position in the ranking was taken by France ($X), with an 8.2% share of total imports. It was followed by Italy, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +20.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+4.1% per year) and Italy (+20.3% per year).

Import Prices by Country

The average metal office furniture import price stood at $X per ton in 2022, falling by -4.7% against the previous year. Over the period under review, the import price, however, posted a mild expansion. The growth pace was the most rapid in 2019 when the average import price increased by 137% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform