Cameroon: Interchangeable Spanner Socket Market 2025

Interchangeable Spanner Socket Market Size in Cameroon

In 2022, the Cameroonian interchangeable spanner socket market decreased by -12.1% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, recorded a prominent increase. Over the period under review, the market attained the maximum level at $X in 2021, and then dropped in the following year.

Interchangeable Spanner Socket Exports

Exports from Cameroon

After two years of decline, overseas shipments of interchangeable spanner sockets increased by 19% to X kg in 2022. Overall, exports enjoyed measured growth. The growth pace was the most rapid in 2019 when exports increased by 137%. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, interchangeable spanner socket exports soared to $X in 2022. Over the period under review, exports showed a strong expansion. The growth pace was the most rapid in 2013 with an increase of 223% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Gabon (X kg) was the main destination for interchangeable spanner socket exports from Cameroon, with a 71% share of total exports. Moreover, interchangeable spanner socket exports to Gabon exceeded the volume sent to the second major destination, Nigeria (X kg), fivefold. The third position in this ranking was taken by Angola (X kg), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Gabon stood at +15.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+37.6% per year) and Angola (+2.3% per year).

In value terms, Nigeria ($X) remains the key foreign market for interchangeable spanner sockets exports from Cameroon, comprising 79% of total exports. The second position in the ranking was held by Gabon ($X), with a 19% share of total exports. It was followed by Angola, with a 0.6% share.

From 2012 to 2022, the average annual growth rate of value to Nigeria totaled +44.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Gabon (+18.8% per year) and Angola (-24.5% per year).

Export Prices by Country

The average interchangeable spanner socket export price stood at $X per ton in 2022, rising by 10% against the previous year. In general, the export price posted a perceptible increase. The pace of growth was the most pronounced in 2018 an increase of 143% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Angola ($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 Nigeria (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Interchangeable Spanner Socket Imports

Imports into Cameroon

In 2022, overseas purchases of interchangeable spanner sockets decreased by -9.1% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 143%. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, interchangeable spanner socket imports shrank dramatically to $X in 2022. Over the period under review, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.4% 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 +23.2% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 46%. As a result, imports attained the peak of $X, and then reduced notably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of interchangeable spanner socket to Cameroon, with a 62% share of total imports. Moreover, interchangeable spanner socket imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fourfold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +20.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+5.6% per year) and the United Arab Emirates (+41.0% per year).

In value terms, the largest interchangeable spanner socket suppliers to Cameroon were China ($X), Taiwan (Chinese) ($X) and France ($X), with a combined 62% share of total imports. Portugal, the United Arab Emirates and the United States lagged somewhat behind, together comprising a further 3.8%.

Portugal, with a CAGR of +44.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average interchangeable spanner socket import price amounted to $X per ton, dropping by -7.5% against the previous year. In general, the import price saw a deep slump. The growth pace was the most rapid in 2018 an increase of 32%. The import price peaked at $X per ton in 2016; however, from 2017 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 ($X per ton), while the price for the United Arab Emirates ($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 (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform