Cameroon: Multimeter Market 2024

Multimeter Market Size in Cameroon

In 2022, the Cameroonian multimeter market decreased by X% to $X, falling for the third year in a row after two years of growth. Overall, consumption, however, showed a mild curtailment. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Multimeter Exports

Exports from Cameroon

In 2022, exports of multimeters from Cameroon fell sharply to X units, which is down by X% compared with 2021 figures. Overall, exports, however, showed strong growth. The growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, multimeter exports fell markedly to $X in 2022. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Congo (X units) was the main destination for multimeter exports from Cameroon, accounting for a X% share of total exports. Moreover, multimeter exports to Congo exceeded the volume sent to the second major destination, South Africa (X units), tenfold. The third position in this ranking was taken by Central African Republic (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Congo amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (X% per year) and Central African Republic (X% per year).

In value terms, Congo ($X) emerged as the key foreign market for multimeters exports from Cameroon, comprising X% of total exports. The second position in the ranking was taken by South Africa ($X), with a X% share of total exports. It was followed by Central African Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Congo totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (X% per year) and Central African Republic (X% per year).

Export Prices by Country

The average multimeter export price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the export price recorded a remarkable increase. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 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 Congo ($X per unit), while the average price for exports to Morocco ($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 South Africa (X%), while the prices for the other major destinations experienced more modest paces of growth.

Multimeter Imports

Imports into Cameroon

In 2022, after two years of decline, there was significant growth in overseas purchases of multimeters, when their volume increased by X% to X units. In general, imports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, multimeter imports plummeted to $X in 2022. Over the period under review, imports saw a strong expansion. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

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

From 2012 to 2022, the average annual growth rate of volume from Greece 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, the largest multimeter suppliers to Cameroon were the UK ($X), Greece ($X) and France ($X), with a combined X% share of total imports. China, Hungary, the United States, Taiwan (Chinese), Nigeria, the United Arab Emirates, Italy and Thailand lagged somewhat behind, together accounting for a further X%.

Hungary, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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 multimeter import price stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the import price, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2021 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, and then reduced remarkably in the following year.

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

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

Source: IndexBox Platform

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