Plugs and Socket Price in Cameroon - 2022
Contents:
- Plugs and Socket Price in Cameroon (CIF) - 2022
- Plugs and Socket Price in Cameroon (FOB) - 2022
- Plugs and Socket Imports in Cameroon
- Plugs and Socket Exports in Cameroon
Plugs and Socket Price in Cameroon (CIF) - 2022
In 2022, the average plugs and socket import price amounted to $46 per thousand units, growing by 60% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. As a result, import price reached 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 France ($187 per thousand units), while the price for the United Arab Emirates ($16 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Plugs and Socket Price in Cameroon (FOB) - 2022
In 2022, the average plugs and socket export price amounted to $0.7 per unit, jumping by 32% against the previous year. In general, the export price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 84% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Gabon.
From 2012 to 2022, the rate of growth in terms of prices for Chad amounted to +15.5% per year.
Plugs and Socket Imports in Cameroon
Plugs and socket imports into Cameroon skyrocketed to 203M units in 2022, rising by 266% on 2021 figures. Overall, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, plugs and socket imports soared to $9.2M in 2022. In general, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Plugs and Socket in Cameroon (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,050 | 470 | 552 | 3,521 | 49.7% |
| France | 342 | 244 | 292 | 1,492 | 63.4% |
| Morocco | 171 | 115 | 122 | 693 | 59.4% |
| Turkey | 64.8 | 67.6 | 58.6 | 325 | 71.2% |
| Taiwan (Chinese) | 54.4 | 24.2 | 14.2 | 158 | 42.7% |
| South Korea | 19.4 | 3.5 | 14.5 | 75.2 | 57.1% |
| United Arab Emirates | 6.7 | 7.8 | 14.5 | 75.1 | 123.8% |
| Others | 294 | 361 | 511 | 2,908 | 114.7% |
| Total | 2,001 | 1,293 | 1,579 | 9,246 | 66.6% |
Top Suppliers of Plugs and Socket to Cameroon in 2022:
- China (144.2M units)
- Morocco (16.9M units)
- France (8.0M units)
- Turkey (5.9M units)
- Taiwan (Chinese) (5.8M units)
- United Arab Emirates (4.7M units)
- South Korea (3.0M units)
Plugs and Socket Exports in Cameroon
In 2022, overseas shipments of electrical plugs and sockets for under 1000 v decreased by -46.9% to 57K units, falling for the second year in a row after two years of growth. Overall, exports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 253%. As a result, the exports attained the peak of 152K units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, plugs and socket exports contracted dramatically to $39K in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 485%. As a result, the exports attained the peak of $73K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Plugs and Socket in Cameroon (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Gabon | 1.3 | 16.1 | 2.9 | 39.3 | 211.5% |
| Congo | 0.7 | N/A | 30.3 | N/A | 557.9% |
| Senegal | 0.9 | N/A | 2.3 | N/A | 59.9% |
| Equatorial Guinea | N/A | N/A | 5.6 | N/A | 0% |
| Netherlands | N/A | 55.5 | N/A | N/A | 0% |
| Ghana | 9.0 | N/A | 14.6 | N/A | 27.4% |
| Others | 0.6 | 1.1 | 0.2 | N/A | -42.3% |
| Total | 12.4 | 72.7 | 56.0 | 39.3 | 46.9% |
Top Export Markets for Plugs and Socket from Cameroon in 2022:
- Gabon (57.0K units)
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