Cameroon: Wooden Frame Market 2024

Wooden Frame Market Size in Cameroon

The Cameroonian wooden frame market contracted to $X in 2022, with a decrease of -6.8% against the previous year. In general, consumption, however, saw a strong increase. Wooden frame consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Wooden Frame Production in Cameroon

In value terms, wooden frame production contracted to $X in 2022 estimated in export price. Overall, production, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 62% against the previous year. Wooden frame production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Wooden Frame Exports

Exports from Cameroon

In 2022, the amount of wooden frames for paintings, photographs, mirrors or similar objects exported from Cameroon surged to X units, growing by 500% on the previous year. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2016 when exports increased by 1,187%. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden frame exports skyrocketed to $X in 2022. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 904% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Austria (X units) was the main destination for wooden frame exports from Cameroon, accounting for a 49% share of total exports. Moreover, wooden frame exports to Austria exceeded the volume sent to the second major destination, Guatemala (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Austria amounted to +81,500.0%.

In value terms, Austria ($X) emerged as the key foreign market for wooden frames for paintings, photographs, mirrors or similar objects exports from Cameroon, comprising 45% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 1.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Austria amounted to +36,378.6%.

Export Prices by Country

In 2022, the average wooden frame export price amounted to $X per unit, waning by -10.7% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 189% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Guatemala amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (+53.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Frame Imports

Imports into Cameroon

After two years of growth, purchases abroad of wooden frames for paintings, photographs, mirrors or similar objects decreased by -38.6% to X units in 2022. Overall, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2015 when imports increased by 492%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, wooden frame imports dropped to $X in 2022. Over the period under review, imports, however, saw a strong expansion. The growth pace was the most rapid in 2020 with an increase of 98% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Turkey (X units), China (X units) and France (X units) were the main suppliers of wooden frame imports to Cameroon, together comprising 76% of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +29.6%), while purchases for the other leaders experienced a decline.

In value terms, France ($X) constituted the largest supplier of wooden frames for paintings, photographs, mirrors or similar objects to Cameroon, comprising 38% of total imports. The second position in the ranking was taken by Turkey ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual growth rate of value from France stood at +26.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-10.5% per year) and China (-15.7% per year).

Import Prices by Country

The average wooden frame import price stood at $X per unit in 2022, jumping by 43% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 125%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+26.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform