Cameroon: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Cameroon

In 2022, the Cameroonian grinding and sharpening machine market increased by 0.1% to $X, rising for the second year in a row after two years of decline. Overall, consumption continues to indicate a prominent increase. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Grinding And Sharpening Metal Finishing Machines in Cameroon

In value terms, grinding and sharpening machine production declined modestly to $X in 2022 estimated in export price. Overall, production, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of 97% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports from Cameroon

In 2022, after two years of decline, there was decline in shipments abroad of grinding and sharpening metal finishing machines, when their volume decreased by 0% to X units. Over the period under review, exports faced a significant contraction. The smallest decline of 99.9% was in 2020. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, grinding and sharpening machine exports rose sharply to $X in 2022. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 2,613% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa (X units) and Belgium (X units) were the main destinations of grinding and sharpening machine exports from Cameroon.

From 2017 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of 0.0%).

In value terms, Central African Republic ($X) remains the key foreign market for grinding and sharpening metal finishing machines exports from Cameroon, comprising 93% of total exports. The second position in the ranking was taken by South Africa ($X), with a 2.7% share of total exports.

From 2017 to 2022, the average annual rate of growth in terms of value to Central African Republic totaled +80.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (0.0% per year) and Belgium (0.0% per year).

Export Prices by Country

In 2022, the average grinding and sharpening machine export price amounted to $X per unit, remaining constant against the previous year. Over the period under review, the export price posted significant growth. The growth pace was the most rapid in 2020 a decrease of 99.9% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per unit), while the average price for exports to Belgium amounted to $X per unit.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mauritius (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports into Cameroon

In 2022, approx. X units of grinding and sharpening metal finishing machines were imported into Cameroon; picking up by 193% compared with the year before. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 655% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, grinding and sharpening machine imports soared to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 1,573%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Sweden (X units) constituted the largest supplier of grinding and sharpening machine to Cameroon, with a 33% share of total imports. Moreover, grinding and sharpening machine imports from Sweden exceeded the figures recorded by the second-largest supplier, France (X units), twofold. The third position in this ranking was taken by China (X units), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sweden totaled +29.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+5.8% per year) and China (+18.3% per year).

In value terms, France ($X), Italy ($X) and Sweden ($X) appeared to be the largest grinding and sharpening machine suppliers to Cameroon, together accounting for 65% of total imports. Switzerland, China, Turkey, Germany, Poland, the United Arab Emirates, India, Belgium, Spain and the Netherlands lagged somewhat behind, together comprising a further 25%.

Turkey, with a CAGR of +29.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average grinding and sharpening machine import price stood at $X per unit in 2022, which is down by -40.4% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 2,397% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 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 Italy ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform