Cameroon: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Cameroon

The Cameroonian wooden frame upholstered seat market fell rapidly to $X in 2022, with a decrease of -17.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a strong increase. As a result, consumption reached the peak level of $X, and then contracted sharply in the following year.

Exports of Upholstered Seats With Wooden Frames

Exports from Cameroon

In 2022, exports of upholstered seats with wooden frames from Cameroon dropped to X units, reducing by -5.9% against the previous year's figure. In general, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 683%. The exports peaked at X units in 2021, and then reduced in the following year.

In value terms, wooden frame upholstered seat exports reduced rapidly to $X in 2022. Overall, exports, however, recorded a significant increase. The growth pace was the most rapid in 2016 with an increase of 642% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell significantly in the following year.

Exports by Country

The United States (X units) was the main destination for wooden frame upholstered seat exports from Cameroon, with a 65% share of total exports. Moreover, wooden frame upholstered seat exports to the United States exceeded the volume sent to the second major destination, the UK (X units), eightfold. The Netherlands (X units) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +53.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+49.0% per year) and the Netherlands (+40.0% per year).

In value terms, Equatorial Guinea ($X) remains the key foreign market for upholstered seats with wooden frames exports from Cameroon, comprising 32% of total exports. The second position in the ranking was taken by the United States ($X), with a 15% share of total exports. It was followed by the UK, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value to Equatorial Guinea amounted to +57.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+32.1% per year) and the UK (+36.7% per year).

Export Prices by Country

The average wooden frame upholstered seat export price stood at $X per unit in 2022, with a decrease of -16% against the previous year. Over the period under review, the export price, however, enjoyed a notable expansion. The most prominent rate of growth was recorded in 2013 an increase of 136%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 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 Equatorial Guinea ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+51.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Wooden Frames

Imports into Cameroon

Wooden frame upholstered seat imports into Cameroon contracted to X units in 2022, waning by -9.7% on 2021 figures. Overall, imports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 120%. As a result, imports reached the peak of X units, and then contracted in the following year.

In value terms, wooden frame upholstered seat imports dropped remarkably to $X in 2022. Over the period under review, imports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 64%. As a result, imports reached the peak of $X, and then shrank remarkably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of wooden frame upholstered seat to Cameroon, with a 35% share of total imports. Moreover, wooden frame upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), fivefold. Italy (X units) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+35.2% per year) and Italy (+2.8% per year).

In value terms, China ($X) constituted the largest supplier of upholstered seats with wooden frames to Cameroon, comprising 30% of total imports. The second position in the ranking was taken by Italy ($X), with a 12% share of total imports. It was followed by Turkey, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.0% per year) and Turkey (+29.7% per year).

Import Prices by Country

In 2022, the average wooden frame upholstered seat import price amounted to $X per unit, which is down by -10.8% against the previous year. Overall, the import price showed a perceptible setback. The pace of growth appeared the most rapid in 2015 an increase of 23% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood 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 Germany ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform