Cameroon: Market for Gearboxes and Speed Changers 2024

Market Size for Gearboxes and Speed Changers in Cameroon

In 2022, the Cameroonian gearboxes and speed changers market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption recorded a relatively flat trend pattern. Gearboxes and speed changers consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Exports of Gearboxes and Speed Changers

Exports from Cameroon

In 2022, overseas shipments of gearboxes and speed changers decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted remarkably in the following year.

In value terms, gearboxes and speed changers exports declined remarkably to $X in 2022. In general, exports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The exports peaked at $X in 2021, and then shrank sharply in the following year.

Exports by Country

Gabon (X tons), Italy (X tons) and Tanzania (X kg) were the main destinations of gearboxes and speed changers exports from Cameroon, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Gabon (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Tanzania ($X) remains the key foreign market for gearboxes and speed changers exports from Cameroon, comprising X% of total exports. The second position in the ranking was taken by Gabon ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Tanzania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Gabon (X% per year) and Italy (X% per year).

Export Prices by Country

In 2022, the average gearboxes and speed changers export price amounted to $X per ton, reducing by X% against the previous year. In general, the export price recorded a pronounced curtailment. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, 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 a decline.

Imports of Gearboxes and Speed Changers

Imports into Cameroon

In 2022, supplies from abroad of gearboxes and speed changers increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, gearboxes and speed changers imports expanded significantly to $X in 2022. Over the period under review, imports, however, recorded a pronounced contraction. The pace of growth was the most pronounced in 2018 when imports increased by X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest gearboxes and speed changers supplier to Cameroon, accounting for a X% share of total imports. Moreover, gearboxes and speed changers imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), fivefold. The third position in this ranking was held by India (X tons), with a X% share.

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

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

Turkey, with a CAGR of X%, recorded 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 gearboxes and speed changers import price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2015 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average 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 Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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