Cameroon: Market for Solar Cells and Light-Emitting Diodes 2025

Market Size for Solar Cells and Light-Emitting Diodes in Cameroon

The Cameroonian market for solar cells and light-emitting diodes declined slightly to $X in 2022, standing approx. at 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, however, continues to indicate a strong expansion. Solar cells and light-emitting diodes consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Exports of Solar Cells and Light-Emitting Diodes

Exports from Cameroon

In 2022, the amount of solar cells and light-emitting diodes exported from Cameroon dropped to X units, waning by -9.9% compared with 2021 figures. Overall, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 495% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, solar cells and light-emitting diodes exports shrank to $X in 2022. Over the period under review, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2018 when exports increased by 557% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Denmark (X units) was the main destination for solar cells and light-emitting diodes exports from Cameroon, accounting for a 68% share of total exports. Moreover, solar cells and light-emitting diodes exports to Denmark exceeded the volume sent to the second major destination, the UK (X units), fourfold. Mexico (X units) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume to Denmark amounted to +74.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+41.3% per year) and Mexico (+0.3% per year).

In value terms, Mexico ($X) remains the key foreign market for solar cells and light-emitting diodes exports from Cameroon, comprising 76% of total exports. The second position in the ranking was held by Denmark ($X), with a 6.7% share of total exports. It was followed by the United States, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value to Mexico totaled -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+23.0% per year) and the United States (-10.7% per year).

Export Prices by Country

In 2022, the average export price for solar cells and light-emitting diodes amounted to $X per unit, with an increase of 4.3% against the previous year. Over the period under review, the export price, however, showed a dramatic downturn. The most prominent rate of growth was recorded in 2019 an increase of 39%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Mexico ($X per unit), while the average price for exports to the UK (less than $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 South Africa (+44.6%), while the prices for the other major destinations experienced a decline.

Imports of Solar Cells and Light-Emitting Diodes

Imports into Cameroon

In 2022, solar cells and light-emitting diodes imports into Cameroon fell to X units, declining by -2.1% on the year before. Overall, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 239%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, solar cells and light-emitting diodes imports expanded slightly to $X in 2022. Over the period under review, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 302%. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X units), Spain (X units) and China (X units) were the main suppliers of solar cells and light-emitting diodes imports to Cameroon, together comprising 34% of total imports. The Netherlands, Germany, Belgium and France lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +147.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Spain ($X) and the United Arab Emirates ($X) were the largest solar cells and light-emitting diodes suppliers to Cameroon, with a combined 47% share of total imports.

The United Arab Emirates, with a CAGR of +90.6%, recorded the highest growth rate of 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

In 2022, the average import price for solar cells and light-emitting diodes amounted to $X per unit, surging by 5.6% against the previous year. Overall, the import price, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2014 an increase of 81%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for the United Arab Emirates ($X per unit) 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 (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform