Cameroon: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Cameroon

The Cameroonian market for copper bars, rods and profiles amounted to $X in 2022, growing by 5.7% against the previous year. In general, consumption continues to indicate a mild increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Copper Bars, Rods and Profiles in Cameroon

In value terms, copper bar, rod and profile production rose rapidly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 25%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Copper Bars, Rods and Profiles

Exports from Cameroon

In 2022, overseas shipments of copper bars, rods and profiles increased by 0.9% to X tons for the first time since 2017, thus ending a four-year declining trend. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 1,917% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, copper bar, rod and profile exports contracted modestly to $X in 2022. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 299%. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped modestly in the following year.

Exports by Country

Central African Republic (X tons) was the main destination for copper bar, rod and profile exports from Cameroon, with a 88% share of total exports. Moreover, copper bar, rod and profile exports to Central African Republic exceeded the volume sent to the second major destination, Ghana (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Central African Republic totaled +192.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (+35.4% per year) and Congo (+151.7% per year).

In value terms, Central African Republic ($X) remains the key foreign market for copper bars, rods and profiles exports from Cameroon, comprising 84% of total exports. The second position in the ranking was held by Ghana ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Central African Republic amounted to +170.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (+14.2% per year) and Congo (+108.3% per year).

Export Prices by Country

In 2022, the average export price for copper bars, rods and profiles amounted to $X per ton, falling by -2.2% against the previous year. In general, the export price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2020 when the average export price increased by 4.5%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while the average price for exports to Congo ($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 Central African Republic (-7.7%), while the prices for the other major destinations experienced a decline.

Imports of Copper Bars, Rods and Profiles

Imports into Cameroon

In 2022, approx. X tons of copper bars, rods and profiles were imported into Cameroon; picking up by 9.6% against the previous year's figure. In general, imports posted a strong increase. The growth pace was the most rapid in 2016 with an increase of 520% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, copper bar, rod and profile imports expanded notably to $X in 2022. Overall, imports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2016 when imports increased by 318%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

France (X tons), Taiwan (Chinese) (X tons) and Turkey (X tons) were the main suppliers of copper bar, rod and profile imports to Cameroon, together comprising 80% of total imports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +103.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of copper bars, rods and profiles to Cameroon, comprising 48% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 20% share of total imports. It was followed by South Africa, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France totaled +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+65.9% per year) and South Africa (+49.9% per year).

Import Prices by Country

The average import price for copper bars, rods and profiles stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, the import price recorded a mild curtailment. The growth pace was the most rapid in 2021 an increase of 23% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform