Cameroon: Wood-Based Panels Market 2024

Wood-Based Panels Market Size in Cameroon

The Cameroonian wood-based panels market shrank dramatically to $X in 2022, reducing by X% against the previous year. Overall, consumption, however, posted a slight increase. Wood-based panels consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Wood-Based Panels Production in Cameroon

In value terms, wood-based panels production contracted modestly to $X in 2022 estimated in export price. Overall, the total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Wood-Based Panels Exports

Exports from Cameroon

In 2022, exports of wood-based panels from Cameroon skyrocketed to X cubic meters, growing by X% on the year before. Over the period under review, exports posted a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wood-based panels exports surged to $X in 2022. Overall, exports saw a prominent increase. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Italy (X cubic meters), Senegal (X cubic meters) and China (X cubic meters) were the main destinations of wood-based panels exports from Cameroon, with a combined X% share of total exports. Nigeria, Central African Republic, the United States, Spain and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the key foreign market for wood-based panels exports from Cameroon, comprising X% of total exports. The second position in the ranking was taken by Senegal ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average wood-based panels export price amounted to $X per cubic meter, dropping by X% against the previous year. Over the period under review, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood-based panels export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of X%. The export price peaked at $X per cubic meter in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per cubic meter), while the average price for exports to Central African Republic ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wood-Based Panels Imports

Imports into Cameroon

In 2022, the amount of wood-based panels imported into Cameroon surged to X cubic meters, with an increase of X% on the previous year's figure. Overall, imports showed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wood-based panels imports surged to $X in 2022. In general, imports showed a resilient increase. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X cubic meters) constituted the largest wood-based panels supplier to Cameroon, with a X% share of total imports. Moreover, wood-based panels imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X cubic meters), fivefold. The third position in this ranking was taken by Brazil (X cubic meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Brazil (X% per year).

In value terms, China ($X) constituted the largest supplier of wood-based panels to Cameroon, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

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

Import Prices by Country

In 2022, the average wood-based panels import price amounted to $X per cubic meter, dropping by X% against the previous year. Overall, the import price recorded a pronounced reduction. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, import price attained the peak level of $X per cubic meter. From 2017 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Turkey ($X per cubic meter) and the United Arab Emirates ($X per cubic meter), while the price for Brazil ($X per cubic meter) and China ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform