Cameroon: Synthetic Yarn Market 2024

Synthetic Yarn Market Size in Cameroon

The Cameroonian synthetic yarn market reached $X in 2022, stabilizing at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Synthetic Yarn Production in Cameroon

In value terms, synthetic yarn production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Synthetic Yarn Exports

Exports from Cameroon

In 2022, exports of yarn of synthetic or artificial staple fibers from Cameroon stood at X tons, approximately mirroring the year before. Over the period under review, exports, however, faced a abrupt decrease. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, synthetic yarn exports totaled $X in 2022. Overall, exports, however, faced a deep setback. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Nigeria (X tons) was the main destination for synthetic yarn exports from Cameroon, accounting for a X% share of total exports. It was followed by Congo (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nigeria amounted to X%.

In value terms, Nigeria ($X) remains the key foreign market for yarn of synthetic or artificial staple fibers exports from Cameroon, comprising X% of total exports. The second position in the ranking was taken by Congo ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Nigeria stood at X%.

Export Prices by Country

In 2022, the average synthetic yarn export price amounted to $X per ton, flattening at the previous year. Over the period under review, the export price, however, enjoyed a measured expansion. The growth pace was the most rapid in 2015 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Congo totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Congo (X%), while the prices for the other major destinations experienced mixed trend patterns.

Synthetic Yarn Imports

Imports into Cameroon

In 2022, after two years of decline, there was growth in overseas purchases of yarn of synthetic or artificial staple fibers, when their volume increased by X% to X tons. In general, imports recorded a significant increase. The pace of growth was the most pronounced in 2019 when imports increased by X%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, synthetic yarn imports surged to $X in 2022. Over the period under review, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of synthetic yarn to Cameroon, accounting for a X% share of total imports. Moreover, synthetic yarn imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and the United Arab Emirates (X% per year).

In value terms, China ($X) constituted the largest supplier of yarn of synthetic or artificial staple fibers to Cameroon, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The average synthetic yarn import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, import price indicated a notable expansion 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, synthetic yarn import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform