Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Cameroon - 2022
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Cameroon (CIF) - 2022
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Cameroon (FOB) - 2022
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Cameroon
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Cameroon
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Cameroon (CIF) - 2022
The average import price for furniture; wooden, other than for office, kitchen or bedroom use stood at $118 per unit in 2022, with an increase of 8.1% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for furniture; wooden, other than for office, kitchen or bedroom use increased by +86.3% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 40%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($159 per unit), while the price for Kenya ($5.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Cameroon (FOB) - 2022
In 2022, the average export price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $47 per unit, with a decrease of -30.6% against the previous year. Overall, the export price continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2015 when the average export price increased by 22%. The export price peaked at $98 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Central African Republic ($50 per unit), while the average price for exports to Senegal ($44 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Gabon (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Cameroon
In 2022, overseas purchases of furniture; wooden, other than for office, kitchen or bedroom use increased by 162% to 179K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports saw buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use soared to $21M in 2022. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Cameroon (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,708 | 2,586 | 166 | 13,052 | 68.9% |
| United Kingdom | 793 | 803 | 41.8 | 1,766 | 30.6% |
| Turkey | 608 | 465 | 20.9 | 1,444 | 33.4% |
| Belgium | 508 | 286 | 23.9 | 742 | 13.5% |
| Brazil | 107 | 221 | 11.1 | 668 | 84.1% |
| Italy | 775 | 934 | 12.1 | 608 | -7.8% |
| Lebanon | 28.6 | 159 | 7,016 | 540 | 166.3% |
| France | 1,137 | 331 | 43.4 | 400 | -29.4% |
| United Arab Emirates | 134 | 129 | 19.1 | 282 | 28.1% |
| Switzerland | 321 | 249 | 9.8 | 180 | -17.5% |
| Kenya | N/A | N/A | N/A | 29.9 | 0% |
| Others | 1,190 | 1,011 | 62.2 | 1,278 | 2.4% |
| Total | 8,310 | 7,173 | 7,426 | 20,990 | 36.2% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Cameroon in 2022:
- China (82.0K units)
- United Kingdom (20.5K units)
- Turkey (16.8K units)
- Brazil (9.7K units)
- Belgium (8.6K units)
- Lebanon (7.5K units)
- Italy (7.0K units)
- Kenya (5.2K units)
- France (5.1K units)
- United Arab Emirates (3.3K units)
- Switzerland (2.9K units)
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Cameroon
Exports of furniture; wooden, other than for office, kitchen or bedroom use from Cameroon surged to 4.7K units in 2022, jumping by 146% compared with the year before. Overall, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use surged to $221K in 2022. Over the period under review, exports continue to indicate a notable expansion. The exports peaked at $294K in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Cameroon (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Central African Republic | 74.5 | 34.2 | 40.3 | 97.7 | 9.5% |
| Chad | 97.2 | 27.5 | 29.5 | 78.4 | -6.9% |
| Senegal | 10.7 | 200 | 18.3 | 44.5 | 60.8% |
| Benin | N/A | N/A | 13.3 | N/A | 0% |
| Russia | N/A | N/A | 14.2 | N/A | 0% |
| Equatorial Guinea | N/A | 27.0 | 10.6 | N/A | -60.7% |
| Others | 18.1 | 5.0 | 3.3 | N/A | -57.3% |
| Total | 201 | 294 | 130 | 221 | 3.2% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Cameroon in 2022:
- Central African Republic (2.0K units)
- Chad (1.7K units)
- Senegal (1.0K units)
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