Cameroon: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in Cameroon

The Cameroonian natural stone sett market rose markedly to $X in 2022, picking up by 9.2% against the previous year. Over the period under review, consumption posted a strong increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Natural Stone Sett Production in Cameroon

In value terms, natural stone sett production rose notably to $X in 2022 estimated in export price. Over the period under review, production enjoyed a strong increase. The pace of growth was the most pronounced in 2020 when the production volume increased by 60%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Natural Stone Sett Exports

Exports from Cameroon

In 2021, overseas shipments of natural stone setts, kerbstones and flagstones decreased by 0% to X tons, falling for the second year in a row after two years of decline. In general, exports saw significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 1,051%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, natural stone sett exports totaled $X in 2021. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2017 when exports increased by 1,263% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Austria (X tons) was the main destination for natural stone sett exports from Cameroon, accounting for a 42% share of total exports. Moreover, natural stone sett exports to Austria exceeded the volume sent to the second major destination, Switzerland (X tons), threefold.

From 2014 to 2021, the average annual growth rate of volume to Austria was relatively modest.

From 2014 to 2021, the average annual growth rate of value to Austria was relatively modest.

Export Prices by Country

In 2021, the average natural stone sett export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price showed a prominent expansion. The most prominent rate of growth was recorded in 2017 an increase of 18%. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Switzerland stood at $X per ton.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Natural Stone Sett Imports

Imports into Cameroon

After two years of growth, purchases abroad of natural stone setts, kerbstones and flagstones decreased by -16% to X tons in 2022. In general, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2015 when imports increased by 5,059% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then contracted markedly in the following year.

In value terms, natural stone sett imports reduced to $X in 2022. Overall, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 5,281% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, France (X tons) constituted the largest natural stone sett supplier to Cameroon, with a 89% share of total imports. Moreover, natural stone sett imports from France exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. Spain (X tons) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France totaled +31.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.8% per year) and Spain (-10.2% per year).

In value terms, France ($X) constituted the largest supplier of natural stone setts, kerbstones and flagstones to Cameroon, comprising 55% of total imports. The second position in the ranking was taken by Spain ($X), with an 11% share of total imports. It was followed by Italy, with a 4.3% share.

From 2012 to 2022, the average annual growth rate of value from France amounted to +16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+17.1% per year) and Italy (-13.1% per year).

Import Prices by Country

The average natural stone sett import price stood at $X per ton in 2022, with an increase of 5% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 137%. As a result, import price attained the peak level of $X per ton. From 2020 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 Spain ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+30.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform