Musical Instrument Strings Price in Cameroon - 2022

Contents:

1. Musical Instrument Strings Price in Cameroon (FOB) - 2022
2. Musical Instrument Strings Price in Cameroon (CIF) - 2022
3. Musical Instrument Strings Exports in Cameroon
4. Musical Instrument Strings Imports in Cameroon

Musical Instrument Strings Price in Cameroon (FOB) - 2022

In 2022, the average musical instrument strings export price amounted to $4.1 per unit, jumping by 109% against the previous year. In general, the export price continues to indicate a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($9.9 per unit), while the average price for exports to Ghana totaled $1.7 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+3.0%).

Musical Instrument Strings Price in Cameroon (CIF) - 2022

The average musical instrument strings import price stood at $0.3 per unit in 2022, declining by -70.1% against the previous year. Over the period under review, the import price recorded a abrupt contraction. The pace of growth was the most pronounced in 2015 when the average import price increased by 60%. As a result, import price attained the peak level of $1.4 per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

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 ($0.9 per unit), while the price for China amounted to $0.2 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.6%).

Musical Instrument Strings Exports in Cameroon

In 2022, shipments abroad of musical instrument stringses was finally on the rise to reach 189 units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, musical instrument strings exports skyrocketed to $778 in 2022. In general, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Musical Instrument Strings from Cameroon in 2022:

1. Ghana (133.0 units)
2. Nigeria (56.0 units)

Musical Instrument Strings Imports in Cameroon

After two years of decline, purchases abroad of musical instrument stringses increased by 630% to 2.3K units in 2022. In general, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, musical instrument strings imports soared to $666 in 2022. Over the period under review, imports saw a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Musical Instrument Strings to Cameroon in 2022:

1. China (2.1K units)
2. United States (0.3K units)

Source: IndexBox Market Intelligence Platform