Cameroon: Rare Gases Market 2024

Rare Gases Market Size in Cameroon

The Cameroonian rare gases market dropped to $X in 2023, waning by X% against the previous year. Overall, consumption saw a abrupt downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Rare Gases Production in Cameroon

In value terms, rare gases production fell to $X in 2023 estimated in export price. In general, production recorded a deep setback. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Rare Gases Exports

Exports from Cameroon

After two years of decline, overseas shipments of rare gases (excluding argon) increased by X% to X cubic meters in 2023. In general, exports, however, faced a dramatic decline. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2014 to 2023, the growth of the exports remained at a lower figure.

In value terms, rare gases exports surged to $X in 2023. Overall, exports, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Equatorial Guinea (X cubic meters) was the main destination for rare gases exports from Cameroon, with a X% share of total exports. It was followed by Chad (X cubic meters), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of volume to Equatorial Guinea totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chad (X% per year) and Congo (X% per year).

In value terms, Equatorial Guinea ($X) remains the key foreign market for rare gases (excluding argon) exports from Cameroon, comprising X% of total exports. The second position in the ranking was held by Congo ($X), with an X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to Equatorial Guinea amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (X% per year) and Chad (X% per year).

Export Prices by Country

In 2023, the average rare gases export price amounted to $X per cubic meter, approximately mirroring the previous year. In general, the export price saw a strong expansion. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, the export price attained the peak level of $X per cubic meter. From 2020 to 2023, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Congo ($X per cubic meter), while the average price for exports to Equatorial Guinea ($X per cubic meter) was amongst the lowest.

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

Rare Gases Imports

Imports into Cameroon

In 2023, supplies from abroad of rare gases (excluding argon) was finally on the rise to reach X cubic meters after two years of decline. Over the period under review, imports saw significant growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Imports peaked at X cubic meters in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, rare gases imports surged to $X in 2023. In general, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at $X in 2017; however, from 2018 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Singapore (X cubic meters) constituted the largest supplier of rare gases to Cameroon, accounting for a X% share of total imports. Moreover, rare gases imports from Singapore exceeded the figures recorded by the second-largest supplier, Belgium (X cubic meters), threefold. France (X cubic meters) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Singapore totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and France (X% per year).

In value terms, Gabon ($X), Singapore ($X) and Belgium ($X) were the largest rare gases suppliers to Cameroon, with a combined X% share of total imports. France, Poland, South Africa and China lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, South Africa, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average rare gases import price stood at $X per cubic meter in 2023, growing by X% against the previous year. Overall, the import price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. The import price peaked at $X per cubic meter in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

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 Poland ($X per cubic meter), while the price for Singapore ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform