Cameroon: Roller Bearing Market 2024

Roller Bearing Market Size in Cameroon

The Cameroonian roller bearing market skyrocketed 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). In general, consumption saw a notable increase. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Roller Bearing Exports

Exports from Cameroon

In 2022, after two years of growth, there was significant decline in shipments abroad of roller bearings, when their volume decreased by X% to X kg. Over the period under review, exports recorded a dramatic setback. The growth pace was the most rapid in 2018 when exports increased by X%. The Cameroon exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, roller bearing exports declined markedly to $X in 2022. Overall, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The Cameroon exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

China represented the major exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by Singapore (X tons), Germany (X tons), France (X tons), Slovakia (X tons) and the United States (X tons), together committing a X% share of total exports. The following exporters - Italy (X tons), Vietnam (X tons), South Korea (X tons), the United Arab Emirates (X tons), Hong Kong SAR (X tons), Indonesia (X tons) and Austria (X tons) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Indonesia (X%), Vietnam (X%), the United Arab Emirates (X%) and Slovakia (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Singapore experienced a relatively flat trend pattern. By contrast, Italy (X%), France (X%), Germany (X%), South Korea (X%), Hong Kong SAR (X%), the United States (X%) and Austria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Vietnam increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and Singapore ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Italy, the United States, Vietnam, France, Hong Kong SAR, Slovakia, South Korea, Austria, the United Arab Emirates and Indonesia lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2022, the export price in Cameroon amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price saw a prominent increase. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Roller Bearing Imports

Imports into Cameroon

In 2022, imports of roller bearings into Cameroon skyrocketed to X tons, jumping by X% against the year before. Over the period under review, imports recorded a strong expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Cameroon imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, roller bearing imports rose markedly to $X in 2022. Overall, imports, however, recorded a slight descent. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Indonesia (X tons), followed by Germany (X tons) and Thailand (X tons) represented the largest importers of roller bearings, together creating X% of total imports. The following importers - India (X tons), Italy (X tons), Nigeria (X tons), Canada (X tons), South Korea (X tons), Spain (X tons), France (X tons), Poland (X tons), Singapore (X tons) and Austria (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest roller bearing importing markets into Cameroon were Germany ($X), India ($X) and Indonesia ($X), with a combined X% share of total imports. Canada, Thailand, South Korea, Italy, France, Poland, Singapore, Austria, Spain and Nigeria lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Austria, with a CAGR of X%, saw the highest growth rate of 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

The import price in Cameroon stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price showed a deep setback. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. Cameroon import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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