Cameroon: Market for Industrial Sewing Machines (Non-Automatic) 2024

Market Size for Industrial Sewing Machines (Non-Automatic) in Cameroon

After two years of decline, the Cameroonian industrial sewing machines (non-automatic) market increased by 50% to $X in 2022. In general, consumption enjoyed a resilient increase. 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.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Cameroon

In 2022, exports of industrial sewing machines (non-automatic) from Cameroon dropped sharply to X units, with a decrease of -18.2% against 2021. In general, exports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2019 when exports increased by 400%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, industrial sewing machines (non-automatic) exports expanded sharply to $X in 2022. Over the period under review, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2019 when exports increased by 498%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X units), Democratic Republic of the Congo (X units) and Bahrain (X units) were the main destinations of industrial sewing machines (non-automatic) exports from Cameroon, with a combined 56% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of +7.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the key foreign market for industrial sewing machines (non-automatic) exports from Cameroon, comprising 42% of total exports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a 3.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (-9.5% per year) and Bahrain (0.0% per year).

Export Prices by Country

The average industrial sewing machines (non-automatic) export price stood at $X per unit in 2022, with an increase of 38% against the previous year. Overall, the export price enjoyed a modest increase. The growth pace was the most rapid in 2013 an increase of 118%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Bahrain ($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 Netherlands (+149.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Cameroon

In 2022, overseas purchases of industrial sewing machines (non-automatic) increased by 53% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports showed a prominent expansion. The pace of growth was the most pronounced in 2018 when imports increased by 202% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, industrial sewing machines (non-automatic) imports skyrocketed to $X in 2022. In general, imports enjoyed a slight increase. The growth pace was the most rapid in 2018 when imports increased by 132% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X units) constituted the largest supplier of industrial sewing machines (non-automatic) to Cameroon, with a 49% share of total imports. Moreover, industrial sewing machines (non-automatic) imports from India exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The United States (X units) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at +50.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.2% per year) and the United States (+6.4% per year).

In value terms, China ($X) constituted the largest supplier of industrial sewing machines (non-automatic) to Cameroon, comprising 39% of total imports. The second position in the ranking was taken by India ($X), with a 13% share of total imports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+37.5% per year) and the United States (+6.4% per year).

Import Prices by Country

In 2022, the average industrial sewing machines (non-automatic) import price amounted to $X per unit, falling by -7.3% against the previous year. Over the period under review, the import price continues to indicate a deep downturn. The growth pace was the most rapid in 2017 when the average import price increased by 98%. As a result, import price attained the peak level of $X per unit. From 2018 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 China ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform