Cameroon: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Cameroon

The Cameroonian metal-reinforced rubber hose market stood at $X in 2022, picking up by 7.1% 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). Overall, consumption, however, recorded strong growth. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Metal-Reinforced Rubber Hose Exports

Exports from Cameroon

In 2022, shipments abroad of rubber hose reinforced with metal decreased by -40.4% to X kg, falling for the third consecutive year after two years of growth. Overall, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 8,775%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, metal-reinforced rubber hose exports declined to $X in 2022. Over the period under review, exports saw a pronounced setback. The most prominent rate of growth was recorded in 2018 with an increase of 14,103% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Congo (X kg) was the main destination for metal-reinforced rubber hose exports from Cameroon, accounting for a 92% share of total exports. Moreover, metal-reinforced rubber hose exports to Congo exceeded the volume sent to the second major destination, Rwanda (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Congo totaled -16.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (0.0% per year) and Benin (0.0% per year).

In value terms, the largest markets for metal-reinforced rubber hose exported from Cameroon were Congo ($X), Rwanda ($X) and Benin ($X).

Benin, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average metal-reinforced rubber hose export price amounted to $X per ton, increasing by 65% against the previous year. In general, the export price posted resilient growth. The growth pace was the most rapid in 2020 when the average export price increased by 68% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($X per ton), while the average price for exports to Congo ($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 (+93.6%), while the prices for the other major destinations experienced more modest paces of growth.

Metal-Reinforced Rubber Hose Imports

Imports into Cameroon

In 2022, overseas purchases of rubber hose reinforced with metal decreased by -2.7% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, continue to indicate notable growth. The most prominent rate of growth was recorded in 2018 with an increase of 55%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, metal-reinforced rubber hose imports soared to $X in 2022. Overall, imports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2018 when imports increased by 51%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

France (X tons), China (X tons) and Singapore (X tons) were the main suppliers of metal-reinforced rubber hose imports to Cameroon, with a combined 50% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +55.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of rubber hose reinforced with metal to Cameroon, comprising 27% of total imports. The second position in the ranking was taken by Singapore ($X), with an 11% share of total imports. It was followed by the United States, with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France stood at -1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+52.0% per year) and the United States (+16.7% per year).

Import Prices by Country

In 2022, the average metal-reinforced rubber hose import price amounted to $X per ton, rising by 22% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal-reinforced rubber hose import price decreased by -23.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 44% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform