Cameroon: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in Cameroon

The Cameroonian market for vacuum pumps and air or gas compressors shrank to $X in 2022, waning by -11.9% 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). Overall, consumption, however, recorded a remarkable increase. Over the period under review, the market reached the peak level at $X in 2021, and then dropped in the following year.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Cameroon

In 2022, shipments abroad of vacuum pumps and air or gas compressors increased by 5.6% to X units, rising for the second year in a row after three years of decline. Over the period under review, exports, however, faced a abrupt decrease. The growth pace was the most rapid in 2014 when exports increased by 627%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of vacuum pumps and air or gas compressors contracted sharply to $X in 2022. In general, exports, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2013 with an increase of 140%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units), the UK (X units) and Nigeria (X units) were the main destinations of exports of vacuum pumps and air or gas compressors from Cameroon, together accounting for 53% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +19.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vacuum pump and air or gas compressor exported from Cameroon were Congo ($X), the United Arab Emirates ($X) and the UK ($X), with a combined 46% share of total exports. Central African Republic, Nigeria, Belgium, Gabon, France, Italy, Germany, Chad and Switzerland lagged somewhat behind, together comprising a further 29%.

Italy, with a CAGR of +29.8%, recorded 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

The average export price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, dropping by -23.2% against the previous year. Over the period under review, the export price, however, saw a measured expansion. The pace of growth appeared the most rapid in 2013 when the average export price increased by 224%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Congo ($X per unit), while the average price for exports to Switzerland ($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 (+24.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports into Cameroon

After three years of growth, purchases abroad of vacuum pumps and air or gas compressors decreased by -11.9% to X units in 2022. In general, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2019 when imports increased by 393%. Over the period under review, imports of attained the maximum at X units in 2021, and then fell in the following year.

In value terms, imports of vacuum pumps and air or gas compressors declined to $X in 2022. Overall, imports showed a pronounced decrease. The most prominent rate of growth was recorded in 2019 with an increase of 337%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of vacuum pump and air or gas compressor to Cameroon, with a 94% share of total imports. It was followed by India (X units), with a 2.5% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +27.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+24.9% per year) and the United States (-7.4% per year).

In value terms, China ($X) constituted the largest supplier of vacuum pumps and air or gas compressors to Cameroon, comprising 25% of total imports. The second position in the ranking was taken by India ($X), with a 4.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-12.3% per year) and the United States (-11.1% per year).

Import Prices by Country

The average import price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, remaining constant against the previous year. In general, the import price, however, saw a sharp slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by 698%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($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 (-4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform