Cameroon: Log exports to the EU fell 33% YoY in Q1 2019

Business in Cameroon

Cameroon: Log exports to the EU fell 33% YoY in Q1 2019

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- Wednesday, 12 June 2019 19:29

(Business in Cameroon) - Over the first three months this year, Cameroon sold 2,260 tons of logs to the European Union. According to latest data from the International Tropical Timber Organization (ITTO), this volume is down 33% compared to the same period in 2018.

A decline is also observed in volumes shipped by other African suppliers to the European market. The Central African Republic shipped 4,730 tons over the period, down 5% year-on-year and DRC also suffered a 5% decline, shipping only 4,100 tons.

The weak log exports, ITTO explained, is linked to lower demand for tropical logs in the main EU markets. France only imported 11,200 tons (-7%) while Belgium purchased 4,360 tons (-4%) and Portugal bought 3,450 tons (-10%).

BRM

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