Cameroon: Bearing Market 2024

Bearing Market Size in Cameroon

In 2022, the Cameroonian bearing market decreased by X% to $X for the first time since 2016, thus ending a five-year rising trend. In general, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Bearing Exports

Exports from Cameroon

In 2022, after three years of growth, there was significant decline in shipments abroad of ball or roller bearings, when their volume decreased by X% to X tons. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, bearing exports fell rapidly to $X in 2022. In general, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% 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 somewhat lower figure.

Exports by Country

Congo (X tons) was the main destination for bearing exports from Cameroon, with a X% share of total exports. Moreover, bearing exports to Congo exceeded the volume sent to the second major destination, Central African Republic (X kg), threefold. The third position in this ranking was taken by Canada (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Congo totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Central African Republic (X% per year) and Canada (X% per year).

In value terms, Congo ($X) remains the key foreign market for ball or roller bearings exports from Cameroon, comprising X% of total exports. The second position in the ranking was taken by Central African Republic ($X), with a X% share of total exports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Congo stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Central African Republic (X% per year) and Canada (X% per year).

Export Prices by Country

In 2022, the average bearing export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2018 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

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

Bearing Imports

Imports into Cameroon

In 2022, overseas purchases of ball or roller bearings decreased by X% to X tons, falling for the third consecutive year after three years of growth. In general, total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, bearing imports dropped slightly to $X in 2022. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest bearing supplier to Cameroon, accounting for a X% share of total imports. Moreover, bearing imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold. The United Arab Emirates (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and the United Arab Emirates (X% per year).

In value terms, China ($X) constituted the largest supplier of ball or roller bearings to Cameroon, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the average bearing import price amounted to $X per ton, stabilizing at the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform