MDF Price in Cameroon - 2021

Contents:

1. MDF Price in Cameroon (CIF) - 2022
2. MDF Price in Cameroon (FOB) - 2022
3. MDF Imports in Cameroon
4. MDF Exports in Cameroon

MDF Price in Cameroon (CIF) - 2022

The average MDF import price stood at $597 per cubic meter in 2022, falling by -6.3% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 37% against the previous year. As a result, import price attained the peak level of $828 per cubic meter. From 2018 to 2022, the average import prices remained at a 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 China ($855 per cubic meter), while the price for Turkey ($478 per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.

MDF Price in Cameroon (FOB) - 2022

The average MDF export price stood at $375 per cubic meter in 2022, which is down by -32.3% against the previous year. Overall, the export price saw a deep setback. The growth pace was the most rapid in 2015 an increase of 26%. The export price peaked at $773 per cubic meter in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($776 per cubic meter), while the average price for exports to Turkey ($5 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 Saudi Arabia (-2.6%).

MDF Imports in Cameroon

In 2022, supplies from abroad of MDF decreased by -2.3% to 212 cubic meters, falling for the second consecutive year after two years of growth. In general, imports recorded a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of 7.9%. As a result, imports reached the peak of 299 cubic meters. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, MDF imports reduced to $126K in 2022. Over the period under review, imports recorded a abrupt descent. The growth pace was the most rapid in 2020 when imports increased by 15% against the previous year. As a result, imports attained the peak of $189K. From 2021 to 2022, the growth of imports remained at a lower figure.

Top Suppliers of MDF to Cameroon in 2022:

1. Turkey (111.0 cubic meters)
2. China (29.0 cubic meters)
3. Vietnam (19.0 cubic meters)
4. Spain (19.0 cubic meters)

MDF Exports in Cameroon

In 2022, mdf exports from Cameroon reduced sharply to 31 cubic meters, falling by -84.1% on the previous year. In general, exports showed a significant contraction. The smallest decline of -17% was in 2021. Over the period under review, the exports attained the maximum at 429 cubic meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, MDF exports fell notably to $12K in 2022. Overall, exports faced a dramatic setback. The smallest decline of -39.8% was in 2021. Over the period under review, the exports attained the maximum at $304K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for MDF from Cameroon in 2022:

1. Central African Republic (22.0 cubic meters)
2. Saudi Arabia (8.0 cubic meters)
3. Turkey (1.0 cubic meters)

Source: IndexBox Market Intelligence Platform