Cameroon: Motor Vehicle Radiator Market 2024

Motor Vehicle Radiator Market Size in Cameroon

The Cameroonian motor vehicle radiator market dropped to $X in 2022, which is down 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 continues to indicate a relatively flat trend pattern. Motor vehicle radiator consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Motor Vehicle Radiator Exports

Exports from Cameroon

In 2022, exports of radiators for motor vehicles from Cameroon reduced to X units, declining by X% against the previous year's figure. Overall, exports, however, enjoyed prominent growth. The growth pace was the most rapid in 2019 when exports increased by X%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, motor vehicle radiator exports totaled $X in 2022. In general, exports, however, showed a prominent increase. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Serbia (X units) was the main destination for motor vehicle radiator exports from Cameroon, with a X% share of total exports. Moreover, motor vehicle radiator exports to Serbia exceeded the volume sent to the second major destination, the United States (X units), twofold. Congo (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Serbia 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 Congo (X% per year).

In value terms, the largest markets for motor vehicle radiator exported from Cameroon were Serbia ($X), the United States ($X) and Congo ($X), together comprising X% of total exports.

Congo, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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 motor vehicle radiator export price amounted to $X per unit, surging by X% against the previous year. Overall, the export price continues to indicate a slight expansion. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, 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 the United States ($X per unit), while the average price for exports to Central African Republic ($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 Chad (X.7%), while the prices for the other major destinations experienced a decline.

Motor Vehicle Radiator Imports

Imports into Cameroon

In 2022, purchases abroad of radiators for motor vehicles increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports continue to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, motor vehicle radiator imports contracted to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. 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. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest motor vehicle radiator supplier to Cameroon, with a X% share of total imports. Moreover, motor vehicle radiator imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The UK (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 the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the UK (X% per year).

In value terms, China ($X), the United Arab Emirates ($X) and Italy ($X) were the largest motor vehicle radiator suppliers to Cameroon, together accounting for X% of total imports.

Italy, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average motor vehicle radiator import price amounted to $X per unit, declining by X% against the previous year. In general, the import price recorded a noticeable descent. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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