Cameroon: Aluminium Alloy Wire Market 2024

Aluminium Alloy Wire Market Size in Cameroon

The Cameroonian aluminium alloy wire market reduced to $X in 2022, waning by X% against the previous year. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Aluminium alloy wire consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Aluminium Alloy Wire Production in Cameroon

In value terms, aluminium alloy wire production declined to $X in 2022 estimated in export price. Over the period under review, production, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Aluminium alloy wire production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Aluminium Alloy Wire Exports

Exports from Cameroon

Aluminium alloy wire exports from Cameroon was estimated at X tons in 2022, leveling off at the previous year. Overall, exports showed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, aluminium alloy wire exports dropped modestly to $X in 2022. Over the period under review, exports recorded a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for aluminium alloy wire exports from Cameroon, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to France totaled X%.

In value terms, France ($X) also remains the key foreign market for aluminium alloy wire exports from Cameroon.

From 2012 to 2022, the average annual growth rate of value to France stood at X%.

Export Prices by Country

In 2022, the average aluminium alloy wire export price amounted to $X per ton, approximately equating the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for France.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to X% per year.

Aluminium Alloy Wire Imports

Imports into Cameroon

In 2022, aluminium alloy wire imports into Cameroon was estimated at X tons, surging by X% on 2021 figures. In general, imports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2020 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, aluminium alloy wire imports expanded sharply to $X in 2022. Over the period under review, imports, however, recorded a deep slump. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of aluminium alloy wire to Cameroon, with a X% share of total imports. Moreover, aluminium alloy wire imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and China (X% per year).

In value terms, the largest aluminium alloy wire suppliers to Cameroon were the Netherlands ($X), Spain ($X) and France ($X), together accounting for X% of total imports. Italy, China, the United Arab Emirates and Greece lagged somewhat behind, together accounting for a further X%.

Italy, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average aluminium alloy wire import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, 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 France ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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