Price for Lubricating Preparations Not for the Treatment of Materials in Cameroon - 2022

Contents:

1. Price for Lubricating Preparations Not for the Treatment of Materials in Cameroon (CIF) - 2022
2. Price for Lubricating Preparations Not for the Treatment of Materials in Cameroon (FOB) - 2022
3. Imports of Lubricating Preparations Not for the Treatment of Materials in Cameroon
4. Exports of Lubricating Preparations Not for the Treatment of Materials in Cameroon

Price for Lubricating Preparations Not for the Treatment of Materials in Cameroon (CIF) - 2022

In 2022, the average import price for lubricating preparations not for the treatment of materials amounted to $2,503 per ton, falling by -5.4% against the previous year. In general, the import price recorded a pronounced slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 7.9%. The import price peaked at $3,390 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +16.1% per year.

Price for Lubricating Preparations Not for the Treatment of Materials in Cameroon (FOB) - 2022

In 2022, the average export price for lubricating preparations not for the treatment of materials amounted to $11,468 per ton, increasing by 118% against the previous year. Over the period under review, the export price saw pronounced growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 138% against the previous year. As a result, the export price reached the peak level of $12,734 per ton. From 2016 to 2022, the average 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 Equatorial Guinea ($14,724 per ton), while the average price for exports to Congo amounted to $8,965 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Central African Republic (+116.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lubricating Preparations Not for the Treatment of Materials in Cameroon

For the fourth year in a row, Cameroon recorded growth in purchases abroad of lubricating preparations not for the treatment of materials, which increased by 2.4% to 4.5K tons in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +23.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 65%. Over the period under review, imports of lubricating preparations not for treatment of materials hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of lubricating preparations not for the treatment of materials declined to $11M in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +25.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +95.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 68% against the previous year.

Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Cameroon in 2022:

1. United Arab Emirates (4.5K tons)

Exports of Lubricating Preparations Not for the Treatment of Materials in Cameroon

In 2022, exports of lubricating preparations not for the treatment of materials from Cameroon skyrocketed to 6.3 tons, with an increase of 39% compared with the year before. In general, exports, however, saw a deep downturn.

In value terms, exports of lubricating preparations not for the treatment of materials soared to $72K in 2022. Over the period under review, exports posted a notable expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Cameroon in 2022:

1. Congo (3.5 tons)
2. Equatorial Guinea (2.7 tons)