Cameroon: Wire And Cable Market 2024

Wire And Cable Market Size in Cameroon

The Cameroonian wire and cable market skyrocketed to $X in 2022, with an increase of 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 saw a prominent expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Wire And Cable Exports

Exports from Cameroon

In 2022, shipments abroad of insulated wire and cable increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, wire and cable exports soared to $X in 2022. In general, exports continue to indicate prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Central African Republic (X tons) was the main destination for wire and cable exports from Cameroon, accounting for a X% share of total exports. Moreover, wire and cable exports to Central African Republic exceeded the volume sent to the second major destination, Gabon (X tons), twofold. The third position in this ranking was held by Ghana (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Central African Republic stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Gabon (X% per year) and Ghana (X% per year).

In value terms, Central African Republic ($X) remains the key foreign market for insulated wire and cable exports from Cameroon, comprising X% of total exports. The second position in the ranking was held by Gabon ($X), with a X% share of total exports. It was followed by Ghana, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Central African Republic amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Gabon (X% per year) and Ghana (X% per year).

Export Prices by Country

In 2022, the average wire and cable export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, showed a abrupt decrease. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Ghana ($X per ton) and Chad ($X per ton), while the average price for exports to Central African Republic ($X per ton) and Gabon ($X per ton) were 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.

Wire And Cable Imports

Imports into Cameroon

Wire and cable imports into Cameroon skyrocketed to X tons in 2022, increasing by X% on the previous year's figure. Overall, imports enjoyed prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, wire and cable imports surged to $X in 2022. In general, imports posted a buoyant increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of wire and cable to Cameroon, accounting for a X% share of total imports. Moreover, wire and cable imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of insulated wire and cable to Cameroon, comprising X% of total imports. The second position in the ranking was taken by China ($X), with an X% share of total imports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Canada (X% per year).

Import Prices by Country

The average wire and cable import price stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Senegal ($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 Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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