Cameroon: Lamp Holder Market 2024

Lamp Holder Market Size in Cameroon

The Cameroonian lamp holder market amounted to $X in 2022, increasing by 4% against the previous year. Over the period under review, consumption posted a resilient expansion. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Lamp Holder Production in Cameroon

In value terms, lamp holder production expanded markedly to $X in 2022 estimated in export price. In general, production recorded a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of 111% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Lamp Holder Exports

Exports from Cameroon

In 2022, the amount of lamp holders, plugs and sockets exported from Cameroon skyrocketed to X tons, growing by 16% on the previous year. Overall, exports, however, saw a perceptible reduction. The pace of growth was the most pronounced in 2015 with an increase of 208%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, lamp holder exports totaled $X in 2022. Over the period under review, exports saw resilient growth. The growth pace was the most rapid in 2020 with an increase of 212% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Mozambique (X kg) was the main destination for lamp holder exports from Cameroon, with a 0.5% share of total exports. Moreover, lamp holder exports to Mozambique exceeded the volume sent to the second major destination, the UK (X kg), fourfold. The third position in this ranking was taken by Equatorial Guinea (X kg), with a 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mozambique was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+32.2% per year) and Equatorial Guinea (+33.2% per year).

In value terms, the UK ($X) remains the key foreign market for lamp holders, plugs and sockets exports from Cameroon, comprising 44% of total exports. The second position in the ranking was held by Mozambique ($X), with a 14% share of total exports. It was followed by Singapore, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK stood at +31.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (0.0% per year) and Singapore (+26.7% per year).

Export Prices by Country

The average lamp holder export price stood at $X per ton in 2021, increasing by 9.3% against the previous year. Overall, the export price continues to indicate a strong increase. The growth pace was the most rapid in 2013 an increase of 53% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chad (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Lamp Holder Imports

Imports into Cameroon

In 2022, lamp holder imports into Cameroon reduced to X tons, waning by -12.7% against 2021 figures. Overall, imports, however, saw a modest increase. The pace of growth appeared the most rapid in 2015 with an increase of 114%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, lamp holder imports declined to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 71% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest lamp holder supplier to Cameroon, accounting for a 2.2% share of total imports. Moreover, lamp holder imports from China exceeded the figures recorded by the second-largest supplier, Morocco (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (+19.1% per year) and France (-10.9% per year).

In value terms, China ($X) constituted the largest supplier of lamp holders, plugs and sockets to Cameroon, comprising 167% of total imports. The second position in the ranking was taken by Morocco ($X), with a 36% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +22.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (+15.8% per year) and France (-16.4% per year).

Import Prices by Country

In 2021, the average lamp holder import price amounted to $X per ton, increasing by 5.8% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 147%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Morocco ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform