Cameroon: Market for Petroleum Lubricating Oil And Grease 2025

Market Size for Petroleum Lubricating Oil And Grease in Cameroon

The Cameroonian market for petroleum lubricating oil and grease expanded remarkably to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Petroleum Lubricating Oil And Grease in Cameroon

In value terms, petroleum lubricating oil and grease production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Petroleum Lubricating Oil And Grease

Exports from Cameroon

In 2022, the amount of petroleum lubricating oil and grease exported from Cameroon skyrocketed to X tons, increasing by X% against 2021. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, petroleum lubricating oil and grease exports skyrocketed to $X in 2022. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Central African Republic (X tons), Gabon (X tons) and Equatorial Guinea (X kg) were the main destinations of petroleum lubricating oil and grease exports from Cameroon, together comprising X% of total exports.

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

In value terms, Gabon ($X) remains the key foreign market for petroleum lubricating oil and grease exports from Cameroon, comprising X% of total exports. The second position in the ranking was held by Central African Republic ($X), with a X% share of total exports. It was followed by Congo, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Gabon stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Central African Republic (X% per year) and Congo (X% per year).

Export Prices by Country

The average export price for petroleum lubricating oil and grease stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Congo ($X per ton), while the average price for exports to Central African Republic ($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 Equatorial Guinea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Petroleum Lubricating Oil And Grease

Imports into Cameroon

Petroleum lubricating oil and grease imports into Cameroon soared to X tons in 2022, picking up by X% compared with 2021 figures. In general, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, petroleum lubricating oil and grease imports skyrocketed to $X in 2022. Overall, imports showed a prominent expansion. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

South Korea (X tons), France (X tons) and the United Arab Emirates (X tons) were the main suppliers of petroleum lubricating oil and grease imports to Cameroon, together accounting for X% of total imports. Morocco, Greece, Lithuania, the United States, Hong Kong SAR, China and Turkey lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest petroleum lubricating oil and grease suppliers to Cameroon were South Korea ($X), France ($X) and Morocco ($X), together accounting for X% of total imports. The United Arab Emirates, Hong Kong SAR, the United States, Lithuania, Greece, Turkey and China lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Lithuania, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for petroleum lubricating oil and grease stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 an increase of X%. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform