Cameroon: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Cameroon

The Cameroonian market for turbo, rotary and reciporating displacement compressors skyrocketed to $X in 2022, increasing 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 recorded a prominent increase. Consumption of peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from Cameroon

Exports of turbo, rotary and reciporating displacement compressors from Cameroon dropped sharply to X units in 2022, waning by X% against the year before. In general, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of turbo, rotary and reciporating displacement compressors shrank significantly to $X in 2022. Overall, exports, however, posted resilient growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Angola (X units), Congo (X units) and the United Arab Emirates (X units) were the main destinations of exports of turbo, rotary and reciporating displacement compressors from Cameroon, with a combined X% share of total exports.

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

In value terms, the largest markets for turbo, rotary and reciporating displacement compressor exported from Cameroon were Angola ($X), Congo ($X) and the United Arab Emirates ($X), with a combined X% share of total exports. The UK, Nigeria, Germany and South Africa lagged somewhat behind, together comprising a further X%.

South Africa, with a CAGR of X%, saw 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 more modest paces of growth.

Export Prices by Country

The average export price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, jumping by X% against the previous year. In general, the export price showed a prominent increase. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.

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

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into Cameroon

In 2022, overseas purchases of turbo, rotary and reciporating displacement compressors increased by X% to X units, rising for the second year in a row after four years of decline. Overall, imports posted a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, imports of turbo, rotary and reciporating displacement compressors contracted remarkably to $X in 2022. Over the period under review, imports recorded a tangible increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then contracted markedly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest turbo, rotary and reciporating displacement compressor supplier to Cameroon, with a X% share of total imports. Moreover, imports of turbo, rotary and reciporating displacement compressors from China exceeded the figures recorded by the second-largest supplier, France (X units), fivefold. Turkey (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 China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Turkey (X% per year).

In value terms, the largest turbo, rotary and reciporating displacement compressor suppliers to Cameroon were France ($X), China ($X) and Congo ($X), together accounting for X% of total imports.

In terms of the main suppliers, Congo, 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

The average import price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the import price showed a deep downturn. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit, and then dropped notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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