Cameroon: Circuit Breaker Market 2024

Circuit Breaker Market Size in Cameroon

The Cameroonian circuit breaker market contracted modestly to $X in 2022, with a decrease of -1.8% 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). Over the period under review, consumption enjoyed a buoyant expansion. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Circuit Breaker Exports

Exports from Cameroon

In 2022, the amount of automatic circuit breakers exported from Cameroon soared to X units, increasing by 46% against 2021. Over the period under review, exports saw prominent growth. The pace of growth appeared the most rapid in 2015 with an increase of 352%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, circuit breaker exports soared to $X in 2022. In general, exports posted buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 400% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units) was the main destination for circuit breaker exports from Cameroon, with a 53% share of total exports. Moreover, circuit breaker exports to the UK exceeded the volume sent to the second major destination, Chad (X units), twofold. Angola (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to +142.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chad (+6.3% per year) and Angola (+33.7% per year).

In value terms, the UK ($X) emerged as the key foreign market for automatic circuit breakers exports from Cameroon, comprising 75% of total exports. The second position in the ranking was taken by Chad ($X), with an 8.8% share of total exports. It was followed by Central African Republic, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled +237.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chad (+8.5% per year) and Central African Republic (-2.0% per year).

Export Prices by Country

The average circuit breaker export price stood at $X per unit in 2022, picking up by 9.2% against the previous year. Overall, the export price enjoyed mild growth. The pace of growth was the most pronounced in 2021 an increase of 126% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Angola ($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 the UK (+39.3%), while the prices for the other major destinations experienced more modest paces of growth.

Circuit Breaker Imports

Imports into Cameroon

In 2022, overseas purchases of automatic circuit breakers increased by 3.7% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports saw buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 53%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, circuit breaker imports shrank to $X in 2022. In general, imports saw resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of 64%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X units), France (X units) and Morocco (X units) were the main suppliers of circuit breaker imports to Cameroon, together comprising 35% of total imports. Belgium, Spain, Hungary, Tunisia, Switzerland and Italy lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +60.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of automatic circuit breakers to Cameroon, comprising 20% of total imports. The second position in the ranking was held by China ($X), with a 9.5% share of total imports. It was followed by Spain, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France stood at -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+20.9% per year) and Spain (+26.2% per year).

Import Prices by Country

The average circuit breaker import price stood at $X per unit in 2022, falling by -6.7% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 17%. As a result, import price attained the peak level of $X per unit, and then fell in the following year.

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 Italy ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform