Price for Textiles; Worn Clothing and Other Worn Articles in Cameroon - 2022
Contents:
- Price for Textiles; Worn Clothing and Other Worn Articles in Cameroon (CIF) - 2022
- Price for Textiles; Worn Clothing and Other Worn Articles in Cameroon (FOB) - 2022
- Imports of Textiles; Worn Clothing and Other Worn Articles in Cameroon
- Exports of Textiles; Worn Clothing and Other Worn Articles in Cameroon
Price for Textiles; Worn Clothing and Other Worn Articles in Cameroon (CIF) - 2022
The average import price for textiles; worn clothing and other worn articleses stood at $1,201 per ton in 2022, jumping by 31% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. As a result, import price reached the peak level 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 Belgium ($1,376 per ton), while the price for the UK ($900 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Textiles; Worn Clothing and Other Worn Articles in Cameroon (FOB) - 2022
In 2022, the average export price for textiles; worn clothing and other worn articleses amounted to $411 per ton, waning by -1.9% against the previous year. In general, the export price recorded a perceptible reduction. The pace of growth was the most pronounced in 2013 when the average export price increased by 116%. As a result, the export price reached the peak level of $1,086 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
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 Chad amounted to -2.9% per year.
Imports of Textiles; Worn Clothing and Other Worn Articles in Cameroon
In 2022, the amount of textiles; worn clothing and other worn articleses imported into Cameroon rose sharply to 78K tons, growing by 14% compared with the previous year. The total import volume increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of textiles; worn clothing and other worn articleses soared to $94M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Textiles; Worn Clothing and Other Worn Articles in Cameroon (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 24.8 | 24.7 | 22.1 | 32.7 | 9.7% |
| Netherlands | 9.9 | 11.2 | 10.2 | 14.3 | 13.0% |
| China | 6.4 | 7.0 | 7.8 | 10.8 | 19.1% |
| Germany | 6.3 | 6.3 | 5.1 | 8.1 | 8.7% |
| Italy | 1.7 | 2.5 | 2.7 | 3.8 | 30.8% |
| Poland | 2.7 | 3.4 | 2.0 | 3.7 | 11.1% |
| Spain | 2.0 | 1.9 | 2.3 | 3.2 | 17.0% |
| France | 2.4 | 2.8 | 1.7 | 3.1 | 8.9% |
| United Arab Emirates | 1.3 | 2.1 | 1.6 | 2.3 | 20.9% |
| South Korea | 1.7 | 1.1 | 0.6 | 1.6 | -2.0% |
| United States | 1.1 | 0.7 | 1.0 | 1.4 | 8.4% |
| Hungary | 1.0 | 0.9 | 1.0 | 1.4 | 11.9% |
| United Kingdom | 1.1 | 0.7 | 0.8 | 1.1 | 0.0% |
| Others | 4.8 | 5.0 | 3.9 | 6.4 | 10.1% |
| Total | 67.3 | 70.3 | 62.8 | 94.0 | 11.8% |
Top Suppliers of Textiles; Worn Clothing and Other Worn Articles to Cameroon in 2022:
- Belgium (23.7K tons)
- Netherlands (12.4K tons)
- China (9.6K tons)
- Germany (7.2K tons)
- Poland (3.3K tons)
- Italy (3.2K tons)
- Spain (2.9K tons)
- France (2.8K tons)
- United Arab Emirates (1.8K tons)
- United States (1.6K tons)
- United Kingdom (1.3K tons)
- South Korea (1.3K tons)
- Hungary (1.2K tons)
Exports of Textiles; Worn Clothing and Other Worn Articles in Cameroon
In 2022, the amount of textiles; worn clothing and other worn articleses exported from Cameroon surged to 1.1K tons, jumping by 70% compared with the previous year's figure. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 277% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of textiles; worn clothing and other worn articleses soared to $466K in 2022. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 203% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Textiles; Worn Clothing and Other Worn Articles in Cameroon (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Central African Republic | 30.0 | 74.8 | 279 | 462 | 148.8% |
| Equatorial Guinea | 60.0 | N/A | N/A | N/A | 0% |
| Others | 14.2 | 17.5 | 0.8 | 4.3 | -32.8% |
| Total | 104 | 92.3 | 279 | 466 | 64.9% |
Top Export Markets for Textiles; Worn Clothing and Other Worn Articles from Cameroon in 2022:
- Central African Republic (1118.3 tons)
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