Cameroon: Loudspeaker Market 2025

Loudspeaker Market Size in Cameroon

In 2022, the Cameroonian loudspeaker market decreased by -3.4% to $X for the first time since 2016, thus ending a five-year rising trend. In general, consumption, however, enjoyed strong growth. Over the period under review, the market attained the peak level at $X in 2021, and then dropped in the following year.

Loudspeaker Exports

Exports from Cameroon

In 2022, exports of loudspeakers from Cameroon stood at X units, rising by 3.3% compared with the year before. Over the period under review, exports enjoyed a resilient increase. The growth pace was the most rapid in 2016 with an increase of 426%. Over the period under review, the exports attained the maximum at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, loudspeaker exports rose to $X in 2022. Overall, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 218%. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for loudspeaker exports from Cameroon, accounting for a 65% share of total exports. Moreover, loudspeaker exports to the United States exceeded the volume sent to the second major destination, South Korea (X units), threefold. Finland (X units) ranked third in terms of total exports with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +41.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+78.9% per year) and Finland (+48.9% per year).

In value terms, the United States ($X) remains the key foreign market for loudspeakers exports from Cameroon, comprising 69% of total exports. The second position in the ranking was held by South Korea ($X), with a 14% share of total exports. It was followed by Finland, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +20.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+102.8% per year) and Finland (+71.6% per year).

Export Prices by Country

The average loudspeaker export price stood at $X per unit in 2022, flattening at the previous year. Over the period under review, the export price, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 42%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 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 the UK ($X per unit), while the average price for exports to Canada ($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 Singapore (+41.7%), while the prices for the other major destinations experienced more modest paces of growth.

Loudspeaker Imports

Imports into Cameroon

In 2022, after five years of growth, there was decline in purchases abroad of loudspeakers, when their volume decreased by -2.8% to X units. Overall, imports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of 496%. Over the period under review, imports reached the peak figure at X units in 2021, and then fell modestly in the following year.

In value terms, loudspeaker imports reduced to $X in 2022. In general, imports, however, posted a resilient increase. The pace of growth was the most pronounced in 2018 when imports increased by 273%. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, China (X units) was the main supplier of loudspeaker to Cameroon, accounting for a approx. 98% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at +20.4%.

In value terms, China ($X) constituted the largest supplier of loudspeakers to Cameroon.

From 2012 to 2022, the average annual growth rate of value from China totaled +8.3%.

Import Prices by Country

The average loudspeaker import price stood at $X per unit in 2022, with a decrease of -3.5% against the previous year. Over the period under review, the import price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 when the average import price increased by 194% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -10.1% per year.

Source: IndexBox Platform