Cameroon: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in Cameroon

In 2022, the Cameroonian synthetic organic colouring matters market decreased by -27.9% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption continues to indicate a mild slump. As a result, consumption reached the peak level of $X, and then reduced markedly in the following year.

Exports of Other Synthetic Organic Colouring Matters

Exports from Cameroon

Synthetic organic colouring matters exports from Cameroon declined notably to X tons in 2022, reducing by -52% compared with the previous year's figure. In general, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 180%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, synthetic organic colouring matters exports fell dramatically to $X in 2022. Overall, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 277% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Equatorial Guinea (X tons), Brazil (X tons) and Egypt (X tons) were the main destinations of synthetic organic colouring matters exports from Cameroon, together comprising 69% 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 Egypt (with a CAGR of +30.7%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Egypt ($X) and Equatorial Guinea ($X) appeared to be the largest markets for synthetic organic colouring matters exported from Cameroon worldwide, together comprising 74% of total exports.

Egypt, with a CAGR of +21.8%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average synthetic organic colouring matters export price amounted to $X per ton, stabilizing at the previous year. Overall, the export price continues to indicate a tangible expansion. The most prominent rate of growth was recorded in 2018 an increase of 72%. The export price peaked at $X per ton in 2020; however, from 2021 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 Turkey ($X per ton), while the average price for exports to South Korea ($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 Turkey (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Synthetic Organic Colouring Matters

Imports into Cameroon

In 2022, supplies from abroad of other synthetic organic colouring matters decreased by -28.2% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 52%. As a result, imports reached the peak of X tons, and then shrank dramatically in the following year.

In value terms, synthetic organic colouring matters imports dropped dramatically to $X in 2022. Overall, imports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 63% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), China (X tons) and Cote d'Ivoire (X tons) were the main suppliers of synthetic organic colouring matters imports to Cameroon, together comprising 36% of total imports. Spain, India, Greece, Brazil, the United States, Germany, Taiwan (Chinese), Austria, Poland and Belgium lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +28.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic organic colouring matters suppliers to Cameroon were France ($X), Spain ($X) and Cote d'Ivoire ($X), with a combined 25% share of total imports. India, China, Taiwan (Chinese), Germany, Austria, the United States, Brazil, Belgium, Greece and Poland lagged somewhat behind, together accounting for a further 31%.

Poland, with a CAGR of +16.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average synthetic organic colouring matters import price stood at $X per ton in 2022, approximately equating the previous year. Over the period under review, the import price continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2014 an increase of 35%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform