Cameroon: Electrical Circuit Apparatus Market 2024

Electrical Circuit Apparatus Market Size in Cameroon

The Cameroonian electrical circuit apparatus market amounted to $X in 2021, flattening at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by X% against 2019 indices. Electrical circuit apparatus consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Electrical Circuit Apparatus Exports

Exports from Cameroon

In 2021, the amount of electrical apparatus for circuit connection, switching and protection exported from Cameroon declined remarkably to X units, reducing by X% compared with the previous year. Over the period under review, exports, however, saw a tangible increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the exports attained the peak of X units, and then dropped notably in the following year.

In value terms, electrical circuit apparatus exports contracted dramatically to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by X%. As a result, the exports reached the peak of $X, and then contracted markedly in the following year.

Exports by Country

The United States (X units) was the main destination for electrical circuit apparatus exports from Cameroon, with a X% share of total exports. Moreover, electrical circuit apparatus exports to the United States exceeded the volume sent to the second major destination, Mauritius (X units), eightfold. The third position in this ranking was held by Mozambique (X units), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritius (X% per year) and Mozambique (X% per year).

In value terms, the UK ($X) emerged as the key foreign market for electrical apparatus for circuit connection, switching and protection exports from Cameroon, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Mauritius, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Mauritius (X% per year).

Export Prices by Country

In 2021, the average electrical circuit apparatus export price amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the export price saw a perceptible decrease. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit, and then shrank remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mauritius (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Circuit Apparatus Imports

Imports into Cameroon

In 2021, the amount of electrical apparatus for circuit connection, switching and protection imported into Cameroon fell modestly to X units, reducing by X% compared with the previous year. In general, imports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, electrical circuit apparatus imports reached $X in 2021. Over the period under review, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest electrical circuit apparatus supplier to Cameroon, accounting for a X% share of total imports. Moreover, electrical circuit apparatus imports from China exceeded the figures recorded by the second-largest supplier, France (X units), fivefold. The third position in this ranking was taken by Morocco (X units), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Morocco (X% per year).

In value terms, the largest electrical circuit apparatus suppliers to Cameroon were China ($X), France ($X) and Spain ($X), together comprising X% of total imports. Morocco, Italy, India and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

India, 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

In 2021, the average electrical circuit apparatus import price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price, however, saw a noticeable slump. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, 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 France ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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