Cameroon: Agricultural Harvester Market 2024

Agricultural Harvester Market Size in Cameroon

In 2023, the Cameroonian agricultural harvester market decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2018 to 2023, the growth of the market failed to regain momentum.

Agricultural Harvester Production in Cameroon

In value terms, agricultural harvester production totaled $X in 2023 estimated in export price. In general, the total production indicated moderate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2023, production growth remained at a somewhat lower figure.

Agricultural Harvester Exports

Exports from Cameroon

After two years of decline, shipments abroad of agricultural harvesters decreased by X% to X units in 2023. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2023, the growth of the exports failed to regain momentum.

In value terms, agricultural harvester exports reached $X in 2023. Overall, exports continue to indicate a significant curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Tanzania (X units) and Chad (X units) were the main destinations of agricultural harvester exports from Cameroon. Moreover, agricultural harvester exports in Tanzania exceeded the figures recorded by the second-largest exporter, Chad, twofold.

From 2016 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tanzania (with a CAGR of X%).

From 2016 to 2020, the average annual growth rate of value to Tanzania was relatively modest.

Export Prices by Country

The average agricultural harvester export price stood at $X per unit in 2020, picking up by X% against the previous year. Over the period under review, the export price enjoyed a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2020, amid the top suppliers, the country with the highest price was Tanzania ($X per unit), while the average price for exports to Chad stood at $X per unit.

From 2016 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Harvester Imports

Imports into Cameroon

In 2023, agricultural harvester imports into Cameroon soared to X units, rising by X% on the previous year. In general, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, agricultural harvester imports contracted notably to $X in 2023. Overall, imports recorded a resilient increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X units) was the main agricultural harvester supplier to Cameroon, with a X% share of total imports. Moreover, agricultural harvester imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. The third position in this ranking was held by Italy (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Italy (X% per year).

In value terms, the United States ($X), China ($X) and France ($X) constituted the largest agricultural harvester suppliers to Cameroon, with a combined X% share of total imports. Brazil, Belgium, Italy, Turkey and India lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average agricultural harvester import price stood at $X per unit in 2023, which is down by X% against the previous year. Over the period under review, the import price showed a pronounced decline. The most prominent rate of growth was recorded in 2022 when the average import price increased by X%. The import price peaked at $X per unit in 2017; however, from 2018 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform