Report Update Nov 1, 2024

Cameroon - Tufted Carpets and Other Tufted Textile Floor Coverings - Market Analysis, Forecast, Size, Trends and Insights

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Cameroon: Tufted Carpet Market 2024

Tufted Carpet Market Size in Cameroon

After five years of growth, the Cameroonian tufted carpet market decreased by -20.8% to $X in 2022. Overall, consumption, however, posted a buoyant increase. Tufted carpet consumption peaked at $X in 2021, and then fell markedly in the following year.

Tufted Carpet Exports

Exports from Cameroon

In 2022, exports of tufted carpets and other tufted textile floor coverings from Cameroon fell significantly to X square meters, which is down by -52.7% against the previous year's figure. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 3,470%. As a result, the exports reached the peak of X square meters, and then fell dramatically in the following year.

In value terms, tufted carpet exports contracted sharply to $X in 2022. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 2,943%. As a result, the exports reached the peak of $X, and then declined significantly in the following year.

Exports by Country

The United States (X square meters) was the main destination for tufted carpet exports from Cameroon, with a 71% share of total exports. Moreover, tufted carpet exports to the United States exceeded the volume sent to the second major destination, Canada (X square meters), twofold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +82.6%.

In value terms, the United States ($X) emerged as the key foreign market for tufted carpets and other tufted textile floor coverings exports from Cameroon, comprising 91% of total exports. The second position in the ranking was taken by Canada ($X), with a 9.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +64.2%.

Export Prices by Country

The average tufted carpet export price stood at $X per square meter in 2022, with an increase of 6.8% against the previous year. Overall, the export price, however, recorded a mild slump. The pace of growth was the most pronounced in 2016 when the average export price increased by 44% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2017 to 2022, the average 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 the United States ($X per square meter), while the average price for exports to Canada amounted to $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-10.1%).

Tufted Carpet Imports

Imports into Cameroon

In 2022, purchases abroad of tufted carpets and other tufted textile floor coverings decreased by -23.7% to X square meters for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 119% against the previous year. Imports peaked at X square meters in 2021, and then fell remarkably in the following year.

In value terms, tufted carpet imports fell markedly to $X in 2022. In general, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 93%. Imports peaked at $X in 2021, and then shrank sharply in the following year.

Imports by Country

In 2022, Turkey (X square meters) constituted the largest tufted carpet supplier to Cameroon, with a 52% share of total imports. Moreover, tufted carpet imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X square meters), twofold. The third position in this ranking was taken by Belgium (X square meters), with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at +71.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+38.8% per year) and Belgium (-6.8% per year).

In value terms, the largest tufted carpet suppliers to Cameroon were China ($X), Turkey ($X) and Italy ($X), together comprising 67% of total imports. Indonesia, India, Belgium and Saudi Arabia lagged somewhat behind, together comprising a further 14%.

Indonesia, with a CAGR of +100.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average tufted carpet import price amounted to $X per square meter, with an increase of 7.2% against the previous year. Over the period under review, the import price, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of 14%. The import price peaked at $X per square meter in 2015; however, from 2016 to 2022, 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 ($X per square meter), while the price for Turkey ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

This report provides an in-depth analysis of the tufted carpet market in Cameroon. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 13931300 - Tufted carpets and other tufted textile floor coverings

Country coverage:

Cameroon

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cameroon
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023