Metals; Platinum, Semi-Manufactured Price in Cameroon - 2022

Metals; Platinum, Semi-Manufactured Price in Cameroon (CIF) - 2022

In 2022, the average metals; platinum, semi-manufactured import price amounted to $25,576,000 per ton, jumping by 101% against the previous year. Over the period under review, the import price saw a significant expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 6,199% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

As there is only one major supplying country, 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 +26.1% per year.

Metals; Platinum, Semi-Manufactured Imports in Cameroon

In 2022, after three years of growth, there was significant decline in purchases abroad of metals; platinum, semi-manufactureds, when their volume decreased by -50% to 1 kg. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 100% against the previous year. As a result, imports attained the peak of 2 kg, and then contracted sharply in the following year.

In value terms, metals; platinum, semi-manufactured imports totaled $26K in 2022. Overall, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 12,498% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.