Cameroon: Lock And Key Market 2024

Lock And Key Market Size in Cameroon

In 2023, the Cameroonian lock and key market decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. Overall, consumption, however, posted a buoyant expansion. Lock and key consumption peaked at $X in 2022, and then dropped in the following year.

Lock And Key Exports

Exports from Cameroon

In 2023, shipments abroad of padlocks, locks and keys of base metal was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. In general, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2020 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2021 to 2023, the growth of the exports remained at a lower figure.

In value terms, lock and key exports reached $X in 2023. Over the period under review, exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2020 when exports increased by X%. As a result, the exports reached the peak of $X. From 2021 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for lock and key exports from Cameroon, with a X% share of total exports. Moreover, lock and key exports to the UK exceeded the volume sent to the second major destination, the United States (X tons), fourfold. The third position in this ranking was held by South Africa (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the UK amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and South Africa (X% per year).

In value terms, the largest markets for lock and key exported from Cameroon were the UK ($X), the United States ($X) and South Africa ($X), together accounting for X% of total exports.

In terms of the main countries of destination, South Africa, with a CAGR of X%, saw the highest growth rate of 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

The average lock and key export price stood at $X per ton in 2023, reducing by X% against the previous year. Overall, the export price saw a pronounced decline. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2023, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Equatorial Guinea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Lock And Key Imports

Imports into Cameroon

In 2023, after five years of growth, there was significant decline in purchases abroad of padlocks, locks and keys of base metal, when their volume decreased by X% to X tons. In general, imports, however, recorded a prominent expansion. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2022, and then reduced in the following year.

In value terms, lock and key imports contracted notably to $X in 2023. Overall, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2022, and then declined sharply in the following year.

Imports by Country

In 2023, China (X tons) was the main lock and key supplier to Cameroon, with a X% share of total imports. It was followed by Taiwan (Chinese) (X tons), with a X% share of total imports. The third position in this ranking was taken by the United Arab Emirates (X tons), with a X% share.

From 2012 to 2023, 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: Taiwan (Chinese) (X% per year) and the United Arab Emirates (X% per year).

In value terms, China ($X) constituted the largest supplier of padlocks, locks and keys of base metal to Cameroon, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2023, 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 Taiwan (Chinese) (X% per year).

Import Prices by Country

The average lock and key import price stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, lock and key import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was France ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2023, 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