Aluminium Wire Price in Cameroon - 2022

Contents:

1. Aluminium Wire Price in Cameroon (FOB) - 2022
2. Aluminium Wire Price in Cameroon (CIF) - 2022
3. Aluminium Wire Exports in Cameroon
4. Aluminium Wire Imports in Cameroon

Aluminium Wire Price in Cameroon (FOB) - 2022

In 2022, the average aluminium wire export price amounted to $2,156 per ton, therefore, remained relatively stable against the previous year. Over the period under review, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium wire export price decreased by -38.3% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of 53%. Over the period under review, the average export prices reached the maximum at $3,494 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for France.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to -1.4% per year.

Aluminium Wire Price in Cameroon (CIF) - 2022

In 2022, the average aluminium wire import price amounted to $4,091 per ton, with a decrease of -7.8% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 an increase of 40% against the previous year. The import price peaked at $4,531 per ton in 2014; however, from 2015 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 the Netherlands ($9,321 per ton), while the price for the United Arab Emirates ($1,362 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Aluminium Wire Exports in Cameroon

For the fourth year in a row, Cameroon recorded growth in overseas shipments of aluminium wires, which increased by 0.5% to 116 tons in 2022. In general, exports recorded significant growth. The growth pace was the most rapid in 2021 when exports increased by 138%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, aluminium wire exports amounted to $251K in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 96%. The exports peaked in 2022 and are likely to continue growth in years to come.

Top Export Markets for Aluminium Wire from Cameroon in 2022:

1. France (116.4 tons)

Aluminium Wire Imports in Cameroon

In 2022, approx. 41 tons of aluminium wires were imported into Cameroon; surging by 11% against the year before. In general, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 641% against the previous year. As a result, imports attained the peak of 181 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, aluminium wire imports stood at $167K in 2022. Over the period under review, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 918% against the previous year. As a result, imports reached the peak of $739K. From 2021 to 2022, the growth of imports remained at a lower figure.

Top Suppliers of Aluminium Wire to Cameroon in 2022:

1. China (9.9 tons)
2. France (7.6 tons)
3. Morocco (6.5 tons)
4. United Arab Emirates (6.4 tons)
5. Spain (4.0 tons)
6. Italy (3.0 tons)
7. Netherlands (1.0 tons)
8. Senegal (0.6 tons)

Source: IndexBox Market Intelligence Platform