Cameroon: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Cameroon

The Cameroonian grinding and sharpening machine market expanded notably to $X in 2022, surging by X% against the previous year. In general, consumption recorded a resilient expansion. Grinding and sharpening machine consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Grinding And Sharpening Metal Finishing Machines in Cameroon

In value terms, grinding and sharpening machine production expanded markedly to $X in 2022 estimated in export price. Overall, production recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports from Cameroon

In 2022, exports of grinding and sharpening metal finishing machines from Cameroon soared to X units, with an increase of X% on 2021 figures. In general, exports enjoyed slight growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, grinding and sharpening machine exports surged to $X in 2022. Over the period under review, exports saw a remarkable increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa (X units) and Belgium (X units) were the main destinations of grinding and sharpening machine exports from Cameroon.

From 2017 to 2022, the biggest increases were recorded for Belgium (with a CAGR of X%).

In value terms, Central African Republic ($X) remains the key foreign market for grinding and sharpening metal finishing machines exports from Cameroon, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports.

From 2017 to 2022, the average annual growth rate of value to Central African Republic totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and South Africa (X% per year).

Export Prices by Country

In 2022, the average grinding and sharpening machine export price amounted to $X per unit, falling by X% against the previous year. Overall, export price indicated a temperate expansion from 2017 to 2022: its price increased at an average annual rate of X% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grinding and sharpening machine export price decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2019 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 Belgium ($X per unit), while the average price for exports to South Africa totaled $X per unit.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Central African Republic (X%).

Imports of Grinding And Sharpening Metal Finishing Machines

Imports into Cameroon

In 2022, imports of grinding and sharpening metal finishing machines into Cameroon skyrocketed to X units, rising by X% on the year before. In general, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, grinding and sharpening machine imports soared to $X in 2022. Overall, imports, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Sweden (X units), Italy (X units) and France (X units) were the main suppliers of grinding and sharpening machine imports to Cameroon, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest grinding and sharpening machine suppliers to Cameroon were Italy ($X), France ($X) and Sweden ($X), together comprising X% of total imports. Switzerland, China, Turkey, Germany, Belgium, India, the Netherlands, South Africa, Taiwan (Chinese) and the UK lagged somewhat behind, together comprising a further X%.

Turkey, with a CAGR of X%, saw the highest rates of growth with regard to 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 grinding and sharpening machine import price stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the import price, however, posted buoyant growth. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :