Cameroon: Sawnwood (Non-Coniferous) Market 2024

Sawnwood (Non-Coniferous) Market Size in Cameroon

In 2022, the Cameroonian sawnwood (non-coniferous) market decreased by -10.9% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, saw a abrupt decrease. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Sawnwood (Non-Coniferous) Production in Cameroon

In value terms, sawnwood (non-coniferous) production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a mild slump. The most prominent rate of growth was recorded in 2014 with an increase of 18%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Sawnwood (Non-Coniferous) Exports

Exports from Cameroon

In 2022, exports of sawnwood (non-coniferous) from Cameroon surged to X cubic meters, increasing by 29% on the previous year's figure. Overall, exports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2013 with an increase of 74% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, sawnwood (non-coniferous) exports rose sharply to $X in 2022. In general, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2019 when exports increased by 72% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

China (X cubic meters), Belgium (X cubic meters) and Italy (X cubic meters) were the main destinations of sawnwood (non-coniferous) exports from Cameroon, with a combined 26% share 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 China (with a CAGR of +14.0%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), China ($X) and the United States ($X) were the largest markets for sawnwood (non-coniferous) exported from Cameroon worldwide, with a combined 27% share of total exports.

Among the main countries of destination, China, with a CAGR of +8.9%, recorded the highest rates of growth with regard to the value of exports, 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 sawnwood (non-coniferous) export price amounted to $X per cubic meter, declining by -17.7% against the previous year. Over the period under review, the export price saw a perceptible decrease. The growth pace was the most rapid in 2014 an increase of 18% against the previous year. As a result, the export price attained the peak level of $X per cubic meter. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per cubic meter), while the average price for exports to China ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Sawnwood (Non-Coniferous) Imports

Imports into Cameroon

In 2022, after three years of decline, there was significant growth in overseas purchases of sawnwood (non-coniferous), when their volume increased by 506% to X cubic meters. Over the period under review, imports saw a resilient increase. Over the period under review, imports attained the peak figure at X cubic meters in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, sawnwood (non-coniferous) imports surged to $X in 2022. Overall, imports recorded a resilient increase. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X cubic meters), Germany (X cubic meters) and Ukraine (X cubic meters) were the main suppliers of sawnwood (non-coniferous) imports to Cameroon, together comprising 62% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +123.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of sawnwood (non-coniferous) to Cameroon, comprising 40% of total imports. The second position in the ranking was taken by Germany ($X), with an 18% share of total imports. It was followed by the UK, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+209.0% per year) and the UK (0.0% per year).

Import Prices by Country

In 2022, the average sawnwood (non-coniferous) import price amounted to $X per cubic meter, growing by 2.2% against the previous year. In general, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sawnwood (non-coniferous) import price increased by +60.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of 35%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per cubic meter), while the price for Ukraine ($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 Germany (+38.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform