Cameroon: Tow-Behind Air Compressor Market 2024

Tow-Behind Air Compressor Market Size in Cameroon

The Cameroonian tow-behind air compressor market fell to $X in 2022, waning by -6.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded slight growth. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Tow-Behind Air Compressor Exports

Exports from Cameroon

After two years of growth, overseas shipments of air compressors mounted on a wheeled chassis for towing decreased by -7.7% to X units in 2022. Over the period under review, exports recorded a mild downturn. The growth pace was the most rapid in 2013 with an increase of 64%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, tow-behind air compressor exports dropped notably to $X in 2022. Overall, exports continue to indicate a pronounced slump. The growth pace was the most rapid in 2013 with an increase of 155% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Ghana (X units), Equatorial Guinea (X units) and Benin (X units) were the main destinations of tow-behind air compressor exports from Cameroon, together accounting for 25% of total exports.

From 2012 to 2022, the biggest increases were recorded for Ghana (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tow-behind air compressor exported from Cameroon were Congo ($X), Benin ($X) and Central African Republic ($X), with a combined 64% share of total exports.

Congo, with a CAGR of +44.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average tow-behind air compressor export price amounted to $X per unit, with a decrease of -20.5% against the previous year. In general, the export price showed a noticeable setback. The most prominent rate of growth was recorded in 2019 an increase of 109%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Congo ($X per unit), while the average price for exports to Angola ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Congo (+44.3%), while the prices for the other major destinations experienced more modest paces of growth.

Tow-Behind Air Compressor Imports

Imports into Cameroon

In 2022, approx. X units of air compressors mounted on a wheeled chassis for towing were imported into Cameroon; shrinking by -3.5% against 2021 figures. Over the period under review, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2019 when imports increased by 143%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, tow-behind air compressor imports fell to $X in 2022. Overall, imports continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2019 when imports increased by 238% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, India (X units) constituted the largest tow-behind air compressor supplier to Cameroon, accounting for a 36% share of total imports. Moreover, tow-behind air compressor imports from India exceeded the figures recorded by the second-largest supplier, Lebanon (X units), threefold. The third position in this ranking was taken by France (X units), with a 7% share.

From 2012 to 2022, the average annual growth rate of volume from India stood at +31.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Lebanon (+27.3% per year) and France (-0.3% per year).

In value terms, the largest tow-behind air compressor suppliers to Cameroon were India ($X), the United States ($X) and France ($X), together accounting for 45% of total imports. The United Arab Emirates, Lebanon, the UK, Singapore, Norway, Belgium, Canada, Turkey, Mexico and Italy lagged somewhat behind, together accounting for a further 34%.

Turkey, with a CAGR of +37.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average tow-behind air compressor import price amounted to $X per unit, waning by -10.5% against the previous year. Overall, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 45%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform