Cameroon: Non-Self-Propelled Fork-Lift Truck Market 2024

Non-Self-Propelled Fork-Lift Truck Market Size in Cameroon

The Cameroonian non-self-propelled fork-lift truck market soared to $X in 2022, with an increase of 62% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a remarkable increase. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Non-Self-Propelled Fork-Lift Truck Exports

Exports from Cameroon

In 2022, approx. X units of non-self-propelled fork-lift trucks were exported from Cameroon; approximately reflecting the previous year. Over the period under review, exports showed a prominent increase. The smallest decline of 99.9% was in 2017. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, non-self-propelled fork-lift truck exports skyrocketed to $X in 2022. In general, exports showed a mild downturn. The most prominent rate of growth was recorded in 2015 with an increase of 325%. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Central African Republic (X units) was the main destination for non-self-propelled fork-lift truck exports from Cameroon, with a 76% share of total exports. Moreover, non-self-propelled fork-lift truck exports to Central African Republic exceeded the volume sent to the second major destination, Chad (X units), sevenfold. The third position in this ranking was taken by Congo (X units), with a 5.9% share.

From 2016 to 2022, the average annual rate of growth in terms of volume to Central African Republic totaled +53.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chad (+12.2% per year) and Congo (0.0% per year).

In value terms, Central African Republic ($X) remains the key foreign market for non-self-propelled fork-lift trucks exports from Cameroon, comprising 86% of total exports. The second position in the ranking was held by France ($X), with a 7.4% share of total exports. It was followed by Chad, with a 5.1% share.

From 2016 to 2022, the average annual growth rate of value to Central African Republic stood at +86.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+214.0% per year) and Chad (+10.9% per year).

Export Prices by Country

In 2022, the average non-self-propelled fork-lift truck export price amounted to $X per unit, approximately equating the previous year. Over the period under review, the export price enjoyed a significant increase. The growth pace was the most rapid in 2017 a decrease of 99.9% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

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

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+214.0%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Self-Propelled Fork-Lift Truck Imports

Imports into Cameroon

In 2022, imports of non-self-propelled fork-lift trucks into Cameroon surged to X units, rising by 54% compared with the previous year. In general, imports posted a prominent increase. The pace of growth was the most pronounced in 2017 when imports increased by 275%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, non-self-propelled fork-lift truck imports soared to $X in 2022. Overall, imports saw a temperate expansion. The growth pace was the most rapid in 2017 when imports increased by 308% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the UK (X units) constituted the largest non-self-propelled fork-lift truck supplier to Cameroon, accounting for a 73% share of total imports. Moreover, non-self-propelled fork-lift truck imports from the UK exceeded the figures recorded by the second-largest supplier, China (X units), tenfold. Vietnam (X units) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK amounted to +39.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.9% per year) and Vietnam (+39.5% per year).

In value terms, the largest non-self-propelled fork-lift truck suppliers to Cameroon were the UK ($X), France ($X) and the Netherlands ($X), together comprising 55% of total imports. Vietnam, China, Sweden, Hong Kong SAR, India, Germany and Portugal lagged somewhat behind, together accounting for a further 32%.

Hong Kong SAR, with a CAGR of +98.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-self-propelled fork-lift truck import price stood at $X per unit in 2022, growing by 25% against the previous year. Overall, the import price, however, continues to indicate a abrupt decline. The growth pace was the most rapid in 2015 an increase of 41%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+48.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform