Speed Changer Price in Cameroon - 2022
Contents:
- Speed Changer Price in Cameroon (CIF) - 2022
- Speed Changer Price in Cameroon (FOB) - 2022
- Speed Changer Imports in Cameroon
- Speed Changer Exports in Cameroon
Speed Changer Price in Cameroon (CIF) - 2022
In 2022, the average speed changer import price amounted to $9,739 per ton, dropping by -30.1% against the previous year. In general, the import price showed a deep setback. The pace of growth was the most pronounced in 2021 when the average import price increased by 35% against the previous year. The import price peaked at $24,058 per ton 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 Germany ($67,161 per ton), while the price for China ($3,557 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by India (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Speed Changer Price in Cameroon (FOB) - 2022
The average speed changer export price stood at $24,662 per ton in 2022, standing approx. at the previous year. Over the period under review, the export price recorded a slight increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 223% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($296,500 per ton), while the average price for exports to Spain ($745 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+40.4%), while the prices for the other major destinations experienced more modest paces of growth.
Speed Changer Imports in Cameroon
In 2022, the amount of speed changers, industrial high-speed drives and gear imported into Cameroon totaled 595 tons, picking up by 6.5% compared with the previous year. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.7% 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 +80.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.
In value terms, speed changer imports shrank significantly to $5.8M in 2022. In general, imports enjoyed prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 104% against the previous year. As a result, imports attained the peak of $7.8M, and then declined significantly in the following year.
| Import of Speed Changer in Cameroon (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 979 | 1,606 | 1,387 | 1,430 | 13.5% |
| Belgium | 153 | 255 | 177 | 816 | 74.7% |
| Germany | 381 | 301 | 1,130 | 457 | 6.3% |
| Italy | 182 | 194 | 654 | 456 | 35.8% |
| United States | 253 | 181 | 698 | 159 | -14.3% |
| France | 1,135 | 730 | 580 | 151 | -49.0% |
| India | 69.0 | 86.5 | 719 | 48.4 | -11.1% |
| Turkey | 35.7 | 88.5 | 50.0 | 38.7 | 2.7% |
| Others | 624 | 364 | 2,379 | 2,234 | 53.0% |
| Total | 3,811 | 3,806 | 7,775 | 5,791 | 15.0% |
Top Suppliers of Speed Changer to Cameroon in 2022:
- China (402.1 tons)
- Italy (51.5 tons)
- Belgium (36.5 tons)
- Germany (6.8 tons)
- France (5.3 tons)
- Turkey (3.4 tons)
- United States (2.6 tons)
- India (1.5 tons)
Speed Changer Exports in Cameroon
In 2022, approx. 3.3 tons of speed changers, industrial high-speed drives and gear were exported from Cameroon; with a decrease of -36.3% compared with the previous year's figure. In general, exports showed a sharp curtailment. The growth pace was the most rapid in 2021 when exports increased by 161%.
In value terms, speed changer exports contracted remarkably to $82K in 2022. Overall, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 244%.
| Export of Speed Changer in Cameroon (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | N/A | 19.4 | 25.7 | 32.5% |
| United States | 85.7 | 11.3 | 4.3 | 10.4 | -50.5% |
| Germany | 12.7 | 2.1 | 12.7 | 8.4 | -12.9% |
| Ghana | 6.2 | 1.4 | 8.1 | 4.2 | -12.2% |
| Congo | 29.0 | 18.4 | 6.0 | 2.0 | -59.0% |
| United Kingdom | 5.0 | 0.9 | 3.9 | 1.4 | -34.6% |
| France | 0.2 | 0.2 | 0.8 | 0.4 | 26.0% |
| Canada | 0.8 | N/A | 5.5 | 0.3 | -27.9% |
| South Korea | 2.7 | 0.1 | 0.6 | 0.3 | -51.9% |
| Spain | N/A | N/A | N/A | 0.1 | 0% |
| Austria | 10.6 | N/A | N/A | N/A | 0% |
| Malaysia | N/A | N/A | 8.2 | N/A | 0% |
| Others | 11.2 | 2.6 | 57.9 | 29.1 | 37.5% |
| Total | 164 | 37.0 | 127 | 82.2 | -20.6% |
Top Export Markets for Speed Changer from Cameroon in 2022:
- Italy (716.0 kg)
- Germany (710.0 kg)
- United States (450.0 kg)
- Ghana (180.0 kg)
- Spain (149.0 kg)
- Congo (77.0 kg)
- France (51.0 kg)
- United Kingdom (46.0 kg)
- South Korea (24.0 kg)
- Canada (12.0 kg)
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