Cameroon: Lithium-Ion Accumulator Market 2024

Lithium-Ion Accumulator Market Size in Cameroon

The Cameroonian lithium-ion accumulator market soared to $X in 2022, growing by X% against 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). Over the period under review, consumption showed a significant expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Lithium-Ion Accumulator Exports

Exports from Cameroon

In 2022, approx. X units of lithium-ion accumulators were exported from Cameroon; shrinking by X% on the previous year. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, lithium-ion accumulator exports fell sharply to $X in 2022. Over the period under review, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X units) was the main destination for lithium-ion accumulator exports from Cameroon, accounting for a X% share of total exports. Moreover, lithium-ion accumulator exports to the UK exceeded the volume sent to the second major destination, the United States (X units), twofold. The third position in this ranking was taken by Italy (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume 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 Italy (X% per year).

In value terms, the United States ($X), the UK ($X) and Gabon ($X) constituted the largest markets for lithium-ion accumulator exported from Cameroon worldwide, together comprising X% of total exports. Congo, Italy and Canada lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Canada, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average lithium-ion accumulator export price amounted to $X per unit, picking up by X% against the previous year. In general, the export price posted a measured increase. The growth pace was the most rapid in 2020 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Gabon ($X per unit), while the average price for exports to the UK ($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 Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Lithium-Ion Accumulator Imports

Imports into Cameroon

In 2022, imports of lithium-ion accumulators into Cameroon soared to X units, picking up by X% compared with the previous year's figure. Over the period under review, imports enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, lithium-ion accumulator imports surged to $X in 2022. Overall, imports posted a buoyant increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of lithium-ion accumulator to Cameroon, with a X% share of total imports. Moreover, lithium-ion accumulator imports from China exceeded the figures recorded by the second-largest supplier, France (X units), eightfold. The United Arab Emirates (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms 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 the United Arab Emirates (X% per year).

In value terms, China ($X) constituted the largest supplier of lithium-ion accumulators to Cameroon, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The average lithium-ion accumulator import price stood at $X per unit in 2022, rising by X% against the previous year. In general, the import price, however, continues to indicate a dramatic slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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