Cameroon: Boring Machinery Market 2024

Boring Machinery Market Size in Cameroon

The Cameroonian boring machinery market shrank to $X.6B in 2022, reducing by X% against the previous year. Over the period under review, consumption, however, saw a remarkable increase. Over the period under review, the market attained the maximum level at $X.9B in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Boring Machinery Production in Cameroon

In value terms, boring machinery production dropped to $X.2B in 2022 estimated in export price. In general, production, however, continues to indicate a resilient expansion. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X.1B in 2019; however, from 2020 to 2022, production failed to regain momentum.

Boring Machinery Exports

Exports from Cameroon

In 2022, approx. X units of boring or sinking machinery were exported from Cameroon; which is down by X% on 2021 figures. Overall, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, boring machinery exports contracted dramatically to $X in 2022. Over the period under review, exports showed a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

France (X units) was the main destination for boring machinery exports from Cameroon, accounting for a X% share of total exports. Moreover, boring machinery exports to France exceeded the volume sent to the second major destination, Equatorial Guinea (X units), threefold. Ghana (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Equatorial Guinea (X% per year) and Ghana (X% per year).

In value terms, France ($X) remains the key foreign market for boring or sinking machinery exports from Cameroon, comprising X% of total exports. The second position in the ranking was taken by Equatorial Guinea ($X), with a X% share of total exports. It was followed by Gabon, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Equatorial Guinea (X% per year) and Gabon (X% per year).

Export Prices by Country

In 2022, the average boring machinery export price amounted to $X per unit, dropping by X% against the previous year. Overall, the export price, however, posted a modest expansion. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then contracted markedly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the United Arab Emirates ($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 Central African Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Boring Machinery Imports

Imports into Cameroon

In 2022, approx. X units of boring or sinking machinery were imported into Cameroon; reducing by X% against the year before. Over the period under review, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, boring machinery imports contracted dramatically to $X in 2022. Overall, imports showed a deep contraction. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Ghana (X units), the United Arab Emirates (X units) and Congo (X units) were the main suppliers of boring machinery imports to Cameroon, with a combined X% share of total imports.

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

In value terms, the United Arab Emirates ($X), the United States ($X) and Ghana ($X) were the largest boring machinery suppliers to Cameroon, with a combined X% share of total imports. China, Congo, Tunisia, Italy, Gabon, Australia, Belgium, France, Germany and Cote d'Ivoire lagged somewhat behind, together accounting for a further X%.

Congo, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 boring machinery import price stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the import price recorded a abrupt slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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