Cameroon: Market for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) 2024

Market Size for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Cameroon

The Cameroonian market for tubes, pipes and hollow profiles (of iron or steel) contracted markedly to $X in 2023, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a noticeable descent. Consumption of peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Exports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Exports from Cameroon

In 2023, shipments abroad of tubes, pipes and hollow profiles (of iron or steel) was finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports attained the peak of X tons. From 2021 to 2023, the growth of the exports of remained at a lower figure.

In value terms, exports of tubes, pipes and hollow profiles (of iron or steel) soared to $X in 2023. In general, exports, however, continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Congo (X tons), Chad (X tons) and Central African Republic (X tons) were the main destinations of exports of tubes, pipes and hollow profiles (of iron or steel) from Cameroon, together comprising X% of total exports. France, Gabon, Equatorial Guinea and the UK lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for the UK (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron or steel pipe and tube exported from Cameroon were Congo ($X), Chad ($X) and Gabon ($X), together comprising X% of total exports.

Among the main countries of destination, Chad, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for tubes, pipes and hollow profiles (of iron or steel) stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the export price recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Gabon ($X per ton), while the average price for exports to Central African Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Gabon (X%), while the prices for the other major destinations experienced a decline.

Imports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Imports into Cameroon

In 2023, approx. X tons of tubes, pipes and hollow profiles (of iron or steel) were imported into Cameroon; dropping by X% against the previous year. Overall, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports of reached the peak figure at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of tubes, pipes and hollow profiles (of iron or steel) contracted rapidly to $X in 2023. Over the period under review, imports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of iron or steel pipe and tube to Cameroon, with a X% share of total imports. Moreover, imports of tubes, pipes and hollow profiles (of iron or steel) from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. Turkey (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Turkey (X% per year).

In value terms, the largest iron or steel pipe and tube suppliers to Cameroon were China ($X), Germany ($X) and Turkey ($X), together accounting for X% of total imports.

Germany, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for tubes, pipes and hollow profiles (of iron or steel) stood at $X per ton in 2023, falling by X% against the previous year. In general, the import price, however, continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 an increase of X%. The import price peaked at $X per ton in 2022, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Ghana ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Greece (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform