Cameroon: Market for Wood Chips And Particles 2024

Market Size for Wood Chips And Particles in Cameroon

After three years of growth, the Cameroonian wood chips and particles market decreased by -3.2% to $X in 2022. In general, consumption continues to indicate a perceptible decline. Wood chips and particles consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Wood Chips And Particles in Cameroon

In value terms, wood chips and particles production fell to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 23%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Exports of Wood Chips And Particles

Exports from Cameroon

In 2022, after three years of decline, there was significant growth in overseas shipments of wood chips and particles, when their volume increased by 22% to X cubic meters. Over the period under review, exports enjoyed buoyant growth. The growth pace was the most rapid in 2017 with an increase of 2,559% against the previous year. The exports peaked at X cubic meters in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, wood chips and particles exports fell sharply to $X in 2022. In general, exports showed prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of 2,398% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Chad (X cubic meters) was the main destination for wood chips and particles exports from Cameroon, accounting for a 83% share of total exports. It was followed by Ireland (X cubic meters), with a 0.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chad amounted to +18.3%.

In value terms, Chad ($X) remains the key foreign market for wood chips and particles exports from Cameroon, comprising 39% of total exports. The second position in the ranking was taken by Ireland ($X), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Chad totaled +3.6%.

Export Prices by Country

The average wood chips and particles export price stood at $X per cubic meter in 2022, which is down by -36.9% against the previous year. In general, the export price recorded a noticeable downturn. The growth pace was the most rapid in 2021 an increase of 237%. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Chad ($X per cubic meter), while the average price for exports to Ireland 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 Chad (-12.4%).

Imports of Wood Chips And Particles

Imports into Cameroon

After three years of decline, overseas purchases of wood chips and particles increased by 75% to X cubic meters in 2022. In general, imports, however, continue to indicate a dramatic decline. The pace of growth appeared the most rapid in 2014 with an increase of 10,233% against the previous year. Imports peaked at X cubic meters in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, wood chips and particles imports expanded sharply to $X in 2022. Overall, imports, however, showed a abrupt decrease. The growth pace was the most rapid in 2014 when imports increased by 4,876%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X cubic meters) constituted the largest wood chips and particles supplier to Cameroon, accounting for a 50% share of total imports. Moreover, wood chips and particles imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X cubic meters), sevenfold. The third position in this ranking was held by Belgium (X cubic meters), with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled -37.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (0.0% per year) and Belgium (0.0% per year).

In value terms, Spain ($X) constituted the largest supplier of wood chips and particles to Cameroon, comprising 45% of total imports. The second position in the ranking was taken by France ($X), with a 5.2% share of total imports. It was followed by Germany, with a 0.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled -15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-31.1% per year) and Germany (-28.8% per year).

Import Prices by Country

The average wood chips and particles import price stood at $X per cubic meter in 2022, waning by -36.9% against the previous year. Over the period under review, the import price, however, posted a significant increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 1,679%. As a result, import price reached the peak level of $X per cubic meter. From 2016 to 2022, the average import prices remained 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 Spain ($X per cubic meter), while the price for Belgium ($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 Spain (+35.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform