Cameroon: Particle Board Market 2024

Particle Board Market Size in Cameroon

In 2022, after two years of growth, there was significant decline in the Cameroonian particle board market, when its value decreased by -42.8% to $X. Over the period under review, consumption, however, continues to indicate prominent growth. Over the period under review, the market attained the maximum level at $X in 2021, and then fell significantly in the following year.

Particle Board Production in Cameroon

In value terms, particle board production totaled $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 53,364,400%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Particle Board Exports

Exports from Cameroon

In 2022, the amount of particle board exported from Cameroon skyrocketed to X cubic meters, with an increase of 215% compared with 2021 figures. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 12,550%. As a result, the exports attained the peak of X cubic meters. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, particle board exports soared to $X in 2022. In general, exports posted significant growth. The growth pace was the most rapid in 2014 with an increase of 11,914% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Morocco (X cubic meters) was the main destination for particle board exports from Cameroon, accounting for a 70% share of total exports. Moreover, particle board exports to Morocco exceeded the volume sent to the second major destination, Lebanon (X cubic meters), twofold.

From 2012 to 2022, the average annual growth rate of volume to Morocco was relatively modest.

In value terms, Morocco ($X) emerged as the key foreign market for particle board exports from Cameroon, comprising 84% of total exports. The second position in the ranking was taken by Lebanon ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Morocco was relatively modest.

Export Prices by Country

In 2022, the average particle board export price amounted to $X per cubic meter, with an increase of 91% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 475%. As a result, the export price reached the peak level of $X per cubic meter. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Morocco ($X per cubic meter), while the average price for exports to Lebanon stood at $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (-5.9%).

Particle Board Imports

Imports into Cameroon

In 2022, imports of particle board into Cameroon surged to X cubic meters, jumping by 28% compared with the previous year's figure. Over the period under review, imports recorded notable growth. The growth pace was the most rapid in 2017 with an increase of 112% against the previous year. Over the period under review, imports reached the maximum at X cubic meters in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, particle board imports surged to $X in 2022. In general, imports recorded buoyant growth. The growth pace was the most rapid in 2013 with an increase of 143%. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X cubic meters) constituted the largest particle board supplier to Cameroon, with a 42% share of total imports. Moreover, particle board imports from China exceeded the figures recorded by the second-largest supplier, Cote d'Ivoire (X cubic meters), twofold. France (X cubic meters) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +31.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Cote d'Ivoire (+5.5% per year) and France (+2.4% per year).

In value terms, China ($X) constituted the largest supplier of particle board to Cameroon, comprising 52% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 22% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +34.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Cote d'Ivoire (+9.0% per year) and France (+9.2% per year).

Import Prices by Country

In 2022, the average particle board import price amounted to $X per cubic meter, stabilizing at the previous year. Over the period under review, the import price posted a resilient expansion. The most prominent rate of growth was recorded in 2018 an increase of 41%. The import price peaked in 2022 and is likely to continue growth in the near future.

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 China ($X per cubic meter), while the price for Belgium ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform