Cameroon: Market for Plastics in Primary Forms 2024

Market Size for Plastics in Primary Forms in Cameroon

In 2023, after three years of growth, there was decline in the Cameroonian plastics in primary forms market, when its value decreased by X% to $X. In general, the total consumption indicated a temperate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2016 indices. Plastics in primary forms consumption peaked at $X in 2022, and then contracted in the following year.

Production of Plastics in Primary Forms in Cameroon

In value terms, plastics in primary forms production expanded slightly to $X in 2023 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Plastics in primary forms production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Plastics in Primary Forms

Exports from Cameroon

In 2023, exports of plastics in primary formses from Cameroon contracted to X tons, which is down by X% compared with 2022 figures. In general, exports showed a noticeable descent. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, plastics in primary forms exports fell to $X in 2023. Overall, exports saw a perceptible decline. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Chad (X tons), Greece (X tons) and Myanmar (X tons) were the main destinations of plastics in primary forms exports from Cameroon, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Chad ($X), Central African Republic ($X) and Gabon ($X) constituted the largest markets for plastics in primary forms exported from Cameroon worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Central African Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average plastics in primary forms export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Plastics in Primary Forms

Imports into Cameroon

In 2023, after two years of decline, there was growth in purchases abroad of plastics in primary formses, when their volume increased by X% to X tons. Over the period under review, total imports indicated a measured expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

In value terms, plastics in primary forms imports shrank modestly to $X in 2023. In general, total imports indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2022, and then fell slightly in the following year.

Imports by Country

China (X tons), Saudi Arabia (X tons) and South Korea (X tons) were the main suppliers of plastics in primary forms imports to Cameroon, together accounting for X% of total imports.

From 2012 to 2023, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of plastics in primary formses to Cameroon, comprising X% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with an X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and South Korea (X% per year).

Import Prices by Country

The average plastics in primary forms import price stood at $X per ton in 2023, declining by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2022, and then fell in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform