Price for Knitted or Crocheted Pile Fabrics in Cameroon - 2022

Price for Knitted or Crocheted Pile Fabrics in Cameroon (CIF) - 2022

In 2022, the average import price for knitted or crocheted pile fabricses amounted to $3,053 per ton, declining by -2.8% against the previous year. Over the period under review, the import price saw a slight decline. The pace of growth appeared the most rapid in 2019 an increase of 18%. Over the period under review, average import prices reached the maximum at $3,641 per ton in 2012; however, from 2013 to 2022, import prices stood 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 China ($3,056 per ton), while the price for the United Arab Emirates ($1,118 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 (-2.9%), while the prices for the other major suppliers experienced a decline.

Price for Knitted or Crocheted Pile Fabrics in Cameroon (FOB) - 2022

The average export price for knitted or crocheted pile fabricses stood at $572 per ton in 2022, shrinking by -91.5% against the previous year. In general, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2013 an increase of 57%. The export price peaked at $14,022 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Central African Republic.

From 2012 to 2022, the rate of growth in terms of prices for Central African Republic amounted to -92.6% per year.

Imports of Knitted or Crocheted Pile Fabrics in Cameroon

In 2022, after three years of growth, there was significant decline in supplies from abroad of knitted or crocheted pile fabricses, when their volume decreased by -19.4% to 555 tons. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 64% against the previous year. As a result, imports attained the peak of 689 tons, and then reduced markedly in the following year.

In value terms, knitted or crocheted pile fabrics imports reduced dramatically to $1.7M in 2022. Over the period under review, imports, however, saw a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 76%. As a result, imports attained the peak of $2.2M, and then declined rapidly in the following year.

Import of Knitted or Crocheted Pile Fabrics in Cameroon (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	945	119	2,138	1,688	21.3%
Turkey	0.7	19.0	13.9	1.9	39.5%
United Arab Emirates	12.3	716	3.6	1.8	-47.3%
Others	18.5	373	8.5	4.0	-40.0%
Total	976	1,227	2,164	1,695	20.2%

Top Suppliers of Knitted or Crocheted Pile Fabrics to Cameroon in 2022:

China (552.2 tons)
United Arab Emirates (1.6 tons)
Turkey (0.8 tons)

Exports of Knitted or Crocheted Pile Fabrics in Cameroon

For the fourth year in a row, Cameroon recorded growth in overseas shipments of knitted or crocheted pile fabricses, which increased by 3,980% to 13 tons in 2022. Over the period under review, 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, knitted or crocheted pile fabrics exports skyrocketed to $7.5K in 2022. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.