Cameroon: Tapered Roller Bearing Market 2024

Tapered Roller Bearing Market Size in Cameroon

The Cameroonian tapered roller bearing market reduced to $X in 2022, dropping by -9.1% 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 showed a relatively flat trend pattern. Cameroon consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Tapered Roller Bearing Exports

Exports from Cameroon

In 2022, the amount of tapered roller bearings exported from Cameroon totaled X kg, increasing by 8.9% compared with the year before. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 2,575% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, tapered roller bearing exports fell to $X in 2022. In general, exports recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 2,903% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then contracted in the following year.

Exports by Country

China was the largest exporter of tapered roller bearings in the world, with the volume of exports recording X tons, which was near 29% of total exports in 2022. Japan (X tons) ranks second in terms of the total exports with a 12% share, followed by Germany (9.9%), Romania (5.3%), France (5.2%) and Austria (4.8%). The following exporters - South Korea (X tons), India (X tons), Poland (X tons), Hungary (X tons), the United States (X tons), Italy (X tons) and Thailand (X tons) - together made up 21% of total exports.

Exports from China increased at an average annual rate of +16.4% from 2012 to 2022. At the same time, Thailand (+27.1%), India (+15.2%), Romania (+8.6%), South Korea (+8.6%), Hungary (+4.5%), Poland (+3.0%), Germany (+2.4%) and Italy (+1.6%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +27.1% from 2012-2022. Japan and France experienced a relatively flat trend pattern. By contrast, Austria (-3.7%) and the United States (-9.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, India, Romania, South Korea and Thailand increased by +20, +2.9, +2.2, +1.8 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), China ($X) and the United States ($X) were the countries with the highest levels of exports in 2022, with a combined 39% share of total exports. Japan, France, Romania, India, Austria, South Korea, Hungary, Poland, Italy and Thailand lagged somewhat behind, together comprising a further 47%.

India, with a CAGR of +12.2%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Cameroon stood at $X per ton in 2022, reducing by -13.6% against the previous year. Over the period under review, the export price saw a abrupt descent. The most prominent rate of growth was recorded in 2019 when the export price increased by 115%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Thailand ($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 States (+11.3%), while the other leaders experienced more modest paces of growth.

Tapered Roller Bearing Imports

Imports into Cameroon

Tapered roller bearing imports into Cameroon shrank to X tons in 2022, which is down by -7% against 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 405%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, tapered roller bearing imports fell to $X in 2022. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 512% against the previous year. Cameroon imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons) and the United States (X tons) represented the largest importers of tapered roller bearings in 2022, resulting at approx. 15% and 11% of total imports, respectively. China (X tons) took a 6.3% share (based on physical terms) of total imports, which put it in second place, followed by Brazil (6.3%), France (5.4%) and Mexico (5.1%). Italy (X tons), Russia (X tons), Sweden (X tons), Turkey (X tons), Australia (X tons), India (X tons) and Canada (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Australia (with a CAGR of +9.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and China ($X) were the countries with the highest levels of imports in 2022, together accounting for 34% of total imports. France, Mexico, Brazil, Italy, Australia, India, Canada, Sweden, Turkey and Russia lagged somewhat behind, together comprising a further 33%.

Turkey, with a CAGR of +6.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Cameroon stood at $X per ton in 2022, with a decrease of -3.3% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 49%. Cameroon import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Brazil ($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 States (+1.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform