Cameroon: Electrical Signalling Apparatus Market 2024

Electrical Signalling Apparatus Market Size in Cameroon

In 2022, the Cameroonian electrical signalling apparatus market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption, however, showed a buoyant increase. As a result, consumption attained the peak level of $X, and then declined significantly in the following year.

Electrical Signalling Apparatus Exports

Exports from Cameroon

In 2022, exports of electrical apparatus for sound or visual signalling from Cameroon shrank to X units, reducing by X% compared with the previous year's figure. In general, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, electrical signalling apparatus exports contracted rapidly to $X in 2022. Overall, exports saw a abrupt slump. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Central African Republic (X units) was the main destination for electrical signalling apparatus exports from Cameroon, accounting for a X% share of total exports. Moreover, electrical signalling apparatus exports to Central African Republic exceeded the volume sent to the second major destination, Cote d'Ivoire (X units), twofold. The Netherlands (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Central African Republic stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and the Netherlands (X% per year).

In value terms, Central African Republic ($X) remains the key foreign market for electrical apparatus for sound or visual signalling exports from Cameroon, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Central African Republic totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average electrical signalling apparatus export price stood at $X per unit in 2022, dropping by X% against the previous year. In general, the export price faced a drastic downturn. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

Electrical Signalling Apparatus Imports

Imports into Cameroon

After three years of growth, purchases abroad of electrical apparatus for sound or visual signalling decreased by X% to X units in 2022. In general, imports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then reduced remarkably in the following year.

In value terms, electrical signalling apparatus imports reduced rapidly to $X in 2022. Overall, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then shrank rapidly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electrical signalling apparatus to Cameroon, accounting for a X% share of total imports. Moreover, electrical signalling apparatus imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), threefold. The third position in this ranking was taken by Spain (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. 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 electrical signalling apparatus suppliers to Cameroon were the United Arab Emirates ($X), Spain ($X) and the United States ($X), with a combined X% share of total imports.

Spain, with a CAGR of X%, recorded the highest rates of growth with regard to 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 electrical signalling apparatus import price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price, however, saw a pronounced shrinkage. The pace of growth was the most pronounced in 2018 an increase of X%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, 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 Turkey ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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