Cameroon: Vacuum Pump Market 2024

Vacuum Pump Market Size in Cameroon

The Cameroonian vacuum pump market fell to $X in 2022, which is down by -5.2% against the previous year. In general, consumption recorded a perceptible curtailment. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Vacuum Pump Production in Cameroon

In value terms, vacuum pump production dropped to $X in 2022 estimated in export price. In general, production recorded a noticeable slump. The growth pace was the most rapid in 2018 with an increase of 25% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Vacuum Pump Exports

Exports from Cameroon

In 2022, after two years of decline, there was significant growth in overseas shipments of vacuum pumps, when their volume increased by 40% to X units. Over the period under review, exports, however, recorded a precipitous setback. The pace of growth appeared the most rapid in 2019 when exports increased by 133% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, vacuum pump exports skyrocketed to $X in 2022. In general, exports, however, showed a precipitous curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 671%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X units) was the main destination for vacuum pump exports from Cameroon, with a 71% share of total exports. Moreover, vacuum pump exports to the UK exceeded the volume sent to the second major destination, Nigeria (X units), fivefold.

From 2012 to 2022, the average annual growth rate of volume to the UK totaled +17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (-41.8% per year) and Belgium (-16.4% per year).

In value terms, the UK ($X) emerged as the key foreign market for vacuum pumps exports from Cameroon, comprising 87% of total exports. The second position in the ranking was held by Nigeria ($X), with an 8.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the UK stood at +35.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (-43.8% per year) and Belgium (-25.6% per year).

Export Prices by Country

The average vacuum pump export price stood at $X per unit in 2022, increasing by 224% against the previous year. In general, the export price showed modest growth. The most prominent rate of growth was recorded in 2014 an increase of 724% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

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 the UK ($X per unit), while the average price for exports to Belgium ($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 the UK (+14.9%), while the prices for the other major destinations experienced a decline.

Vacuum Pump Imports

Imports into Cameroon

In 2022, the amount of vacuum pumps imported into Cameroon soared to X units, growing by 40% on 2021. Overall, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by 1,041%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, vacuum pump imports fell to $X in 2022. In general, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 880% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

France (X units), China (X units) and the UK (X units) were the main suppliers of vacuum pump imports to Cameroon, together comprising 26% of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +39.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of vacuum pumps to Cameroon, comprising 24% of total imports. The second position in the ranking was taken by Germany ($X), with a 5.5% share of total imports. It was followed by South Africa, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France totaled +22.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.0% per year) and South Africa (+66.9% per year).

Import Prices by Country

The average vacuum pump import price stood at $X per unit in 2022, dropping by -32.9% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 179%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

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 Belgium ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+42.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform