Price for Non-Furniture Refrigerating or Freezing Equipment in Cameroon - 2022
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Cameroon (CIF) - 2022
- Price for Non-Furniture Refrigerating or Freezing Equipment in Cameroon (FOB) - 2022
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Cameroon
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Cameroon
Price for Non-Furniture Refrigerating or Freezing Equipment in Cameroon (CIF) - 2022
In 2022, the average import price for non-furniture refrigerating or freezing equipment amounted to $114 per unit, dropping by -21.7% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 42%. The import price peaked at $198 per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($427 per unit), while the price for Nigeria ($2.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in Cameroon (FOB) - 2022
In 2022, the average export price for non-furniture refrigerating or freezing equipment amounted to $110 per unit, waning by -33.2% against the previous year. Over the period under review, the export price saw a deep reduction. The pace of growth appeared the most rapid in 2014 an increase of 75%. Over the period under review, the average export prices hit record highs at $314 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($211 per unit), while the average price for exports to Congo ($8.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+7.3%), while the prices for the other major destinations experienced a decline.
Imports of Non-Furniture Refrigerating or Freezing Equipment in Cameroon
In 2022, the amount of non-furniture refrigerating or freezing equipment imported into Cameroon soared to 31K units, jumping by 62% compared with the previous year's figure. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +16.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, non-furniture refrigerating or freezing equipment imports soared to $3.5M in 2022. The total import value increased at an average annual rate of +9.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Non-Furniture Refrigerating or Freezing Equipment in Cameroon (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 319 | 692 | 315 | 1,513 | 68.0% |
| France | 544 | 185 | 698 | 410 | -9.0% |
| Germany | 134 | 48.9 | 74.6 | 341 | 36.5% |
| United Arab Emirates | 10.0 | 24.9 | 62.3 | 216 | 178.5% |
| Thailand | 15.8 | 34.8 | 135 | 130 | 101.9% |
| Turkey | 185 | 150 | 279 | 121 | -13.2% |
| Italy | 682 | 806 | 590 | 118 | -44.3% |
| Lebanon | 97.5 | 59.0 | 17.6 | 33.1 | -30.2% |
| Taiwan (Chinese) | 15.6 | 75.0 | 7.9 | 24.3 | 15.9% |
| Spain | 227 | 85.0 | 62.4 | 15.6 | -59.0% |
| Malaysia | 9.4 | 8.9 | 6.6 | 6.1 | -13.4% |
| Nigeria | 2.9 | 5.1 | 0.6 | 2.1 | -10.2% |
| South Korea | 3.0 | 68.3 | 101 | 0.1 | -67.8% |
| Others | 428 | 341 | 397 | 553 | 8.9% |
| Total | 2,674 | 2,584 | 2,748 | 3,484 | 9.2% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Cameroon in 2022:
- China (17.1K units)
- United Arab Emirates (2.9K units)
- Turkey (1.7K units)
- Taiwan (Chinese) (1.0K units)
- France (1.0K units)
- Germany (1.0K units)
- Nigeria (1.0K units)
- Lebanon (0.9K units)
- Thailand (0.9K units)
- Italy (0.6K units)
- Malaysia (0.5K units)
- Spain (0.1K units)
Exports of Non-Furniture Refrigerating or Freezing Equipment in Cameroon
In 2022, the amount of non-furniture refrigerating or freezing equipment exported from Cameroon skyrocketed to 802 units, rising by 79% on the year before. Overall, exports continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 255%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, non-furniture refrigerating or freezing equipment exports soared to $89K in 2022. In general, exports showed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 399% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Non-Furniture Refrigerating or Freezing Equipment in Cameroon (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.2 | 10.7 | 55.6 | 67.1 | 110.4% |
| Singapore | 2.5 | 3.3 | 15.2 | 16.0 | 85.7% |
| United Kingdom | N/A | N/A | N/A | 4.2 | 0% |
| Central African Republic | 0.1 | 0.6 | 1.8 | 0.8 | 100.0% |
| Congo | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Others | N/A | 0.1 | 1.2 | 0.1 | 0.0% |
| Total | 9.9 | 14.8 | 73.8 | 88.5 | 107.5% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Cameroon in 2022:
- United States (534.0 units)
- United Kingdom (149.0 units)
- Singapore (76.0 units)
- Congo (34.0 units)
- Central African Republic (6.0 units)
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