Local wood processing boosts logging in Cameroon, up 12.2% in Q4 2023

In the last quarter of 2023, the forestry and timber industry emerged as the primary driver of growth in the primary sector in Cameroon. According to the report released on May 7, 2024, by the National Institute of Statistics (INS) on the national accounts for the fourth quarter of 2023, this sector recorded a 12.2% increase in activities year-on-year. The shift towards local wood processing was spurred by measures to gradually reduce log exports, leading to a notable 0.5-point contribution to sector growth. Cameroon has been imposing higher export taxes on logs and minimally processed wood products for nearly a…