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Yaoundé - 16 November 2019 -
Agriculture

The drop in Cameroon’s plywood exports to the USA reached a peak of 88% in Aug 2019

The drop in Cameroon’s plywood exports to the USA reached a peak of 88% in Aug 2019
  • Comments   -   Wednesday, 23 October 2019 16:22

(Business in Cameroon) - Since January 2019, Cameroon’s exports of tropical plywood to the USA has been in constant decline, the International Tropical Timber Organization (ITTO) reveals. According to the organization, this decrease was sharper in August 2019, with an 88% drop.

The ITTO indicates, this decline was 70% in late April 2019. At the end of H1, 2019, the exports were down by 65%.

Let’s note that this same downtrend could be observed in the USA’s plywood imports from China (-60%). Unlike Cameroon’s plywood exports to the USA, Ghana’s shipment rose by 46% since January 2019.

Cameroonian plywood exporters seem to have preferred European importers this year. Indeed, the country’s plywood exports to the Union officially rose by 30% to 10,700 metric tons in H1, 2019.

Brice R. Mbodiam  

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