Cameroon: Metal Permanent Magnet Market 2024

Metal Permanent Magnet Market Size in Cameroon

The Cameroonian metal permanent magnet market reduced to $X in 2023, dropping by X% against the previous year. Over the period under review, consumption, however, recorded a buoyant increase. Metal permanent magnet consumption peaked at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Metal Permanent Magnet Production in Cameroon

In value terms, metal permanent magnet production contracted to $X in 2023 estimated in export price. In general, production, however, recorded buoyant growth. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

Metal Permanent Magnet Exports

Exports from Cameroon

In 2023, overseas shipments of metal permanent magnets were finally on the rise to reach X kg after two years of decline. Overall, exports showed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of X tons. From 2014 to 2023, the growth of the exports remained at a lower figure.

In value terms, metal permanent magnet exports skyrocketed to $X in 2023. In general, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X kg) was the main destination for metal permanent magnet exports from Cameroon, with a X% share of total exports. Moreover, metal permanent magnet exports to Germany exceeded the volume sent to the second major destination, the United States (X kg), fivefold. The third position in this ranking was taken by Canada (X kg), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Canada (X% per year).

In value terms, Germany ($X) emerged as the key foreign market for metal permanent magnets exports from Cameroon, comprising X% of total exports. The second position in the ranking was held by Austria ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and the United States (X% per year).

Export Prices by Country

The average metal permanent magnet export price stood at $X per ton in 2023, growing by X% against the previous year. Over the period under review, the export price enjoyed a measured expansion. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2023, the export prices failed to regain momentum.

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

Metal Permanent Magnet Imports

Imports into Cameroon

In 2023, overseas purchases of metal permanent magnets increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports showed a strong expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2023, the growth of imports remained at a lower figure.

In value terms, metal permanent magnet imports surged to $X in 2023. Overall, imports saw a mild increase. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Italy (X tons), China (X tons) and Switzerland (X kg) were the main suppliers of metal permanent magnet imports to Cameroon, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal permanent magnet suppliers to Cameroon were France ($X), Germany ($X) and Italy ($X), with a combined X% share of total imports. China, Switzerland and India lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average metal permanent magnet import price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2022 to 2023, the average 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, 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