Cameroon: Hvac Equipment Market 2024

Hvac Equipment Market Size in Cameroon

The Cameroonian HVAC equipment market fell to $X in 2022, which is down by X% against the previous year. In general, the total consumption indicated a tangible 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, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Hvac Equipment Production in Cameroon

In value terms, HVAC equipment production fell to $X in 2022 estimated in export price. In general, production, however, saw a resilient increase. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Hvac Equipment Exports

Exports from Cameroon

HVAC equipment exports from Cameroon reduced dramatically to X units in 2022, waning by X% on the previous year. In general, exports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, HVAC equipment exports dropped remarkably to $X in 2022. Overall, exports, however, showed a buoyant increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then plummeted in the following year.

Exports by Country

The United States (X units), Central African Republic (X units) and Canada (X units) were the main destinations of HVAC equipment exports from Cameroon, with a combined X% share of total exports.

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

In value terms, Gabon ($X), Central African Republic ($X) and the UK ($X) constituted the largest markets for HVAC equipment exported from Cameroon worldwide, together accounting for X% of total exports. The United States, Chad, Congo and Canada lagged somewhat behind, together comprising a further X%.

Canada, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average HVAC equipment export price amounted to $X per unit, growing by X% against the previous year. Overall, the export price saw a modest expansion. The growth pace was the most rapid in 2020 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

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

Hvac Equipment Imports

Imports into Cameroon

In 2022, after four years of growth, there was significant decline in overseas purchases of HVAC equipment, when their volume decreased by X% to X units. In general, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at X units in 2021, and then shrank in the following year.

In value terms, HVAC equipment imports dropped to $X in 2022. Overall, total imports indicated a slight 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 decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of HVAC equipment to Cameroon, accounting for a X% share of total imports. Moreover, HVAC equipment imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fourfold. The third position in this ranking was held by Belgium (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Belgium (X% per year).

In value terms, China ($X) constituted the largest supplier of HVAC equipment to Cameroon, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

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

Import Prices by Country

The average HVAC equipment import price stood at $X per unit in 2022, remaining constant against the previous year. In general, the import price continues to indicate a deep slump. The pace of growth was the most pronounced in 2019 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Taiwan (Chinese) ($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 (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform