Cameroon: Stainless Steel Sink Market 2024

Stainless Steel Sink Market Size in Cameroon

The Cameroonian stainless steel sink market rose significantly to $X in 2022, surging 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 enjoyed a buoyant increase. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Stainless Steel Sink Exports

Exports from Cameroon

In 2022, after three years of growth, there was significant decline in shipments abroad of stainless steel sinks and wash basins, when their volume decreased by X% to X units. Over the period under review, exports, however, saw notable growth. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, stainless steel sink exports dropped markedly to $X in 2022. In general, exports, however, saw a temperate expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X units) was the main destination for stainless steel sink exports from Cameroon, accounting for a X% share of total exports. Moreover, stainless steel sink exports to the UK exceeded the volume sent to the second major destination, Canada (X units), fourfold.

From 2012 to 2022, the average annual growth rate of volume to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Central African Republic (X% per year).

In value terms, the largest markets for stainless steel sink exported from Cameroon were the UK ($X), Canada ($X) and Central African Republic ($X).

Canada, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average stainless steel sink export price amounted to $X per unit, surging by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by X%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to the UK ($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 Central African Republic (X%), while the prices for the other major destinations experienced a decline.

Stainless Steel Sink Imports

Imports into Cameroon

In 2022, approx. X units of stainless steel sinks and wash basins were imported into Cameroon; growing by X% compared with the year before. Overall, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, stainless steel sink imports expanded notably to $X in 2022. In general, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest stainless steel sink supplier to Cameroon, with a X% share of total imports. Moreover, stainless steel sink imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), threefold. Spain (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 China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Spain (X% per year).

In value terms, the largest stainless steel sink suppliers to Cameroon were China ($X), France ($X) and Italy ($X), with a combined X% share of total imports. Turkey, the United Arab Emirates, Spain, the UK, Belgium and Slovenia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Turkey, with a CAGR of X%, recorded 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 2022, the average stainless steel sink import price amounted to $X per unit, surging by X% against the previous year. In general, the import price saw a prominent increase. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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