Cameroon: Market for Special-Purpose Electric Lamps and Lighting Fittings 2024

Market Size for Special-Purpose Electric Lamps and Lighting Fittings in Cameroon

The Cameroonian market for special-purpose electric lamps and lighting fittings was finally on the rise to reach $X in 2023, after two years of decline. Overall, consumption recorded prominent growth. As a result, consumption attained the peak level of $X. From 2021 to 2023, the growth of the market remained at a somewhat lower figure.

Exports of Special-Purpose Electric Lamps and Lighting Fittings

Exports from Cameroon

In 2023, exports of special-purpose electric lamps and lighting fittings from Cameroon soared to X units, growing by X% compared with the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at X units in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, exports of special-purpose electric lamps and lighting fittings soared to $X in 2023. Overall, exports, however, showed a mild shrinkage. Over the period under review, the exports of hit record highs at $X in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for exports of special-purpose electric lamps and lighting fittings from Cameroon, with a X% share of total exports. Moreover, exports of special-purpose electric lamps and lighting fittings to the United States exceeded the volume sent to the second major destination, Canada (X units), more than tenfold.

From 2012 to 2023, the average annual growth rate of volume to the United States stood at X%.

In value terms, the United States ($X) remains the key foreign market for special-purpose electric lamps and lighting fittings exports from Cameroon, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to the United States totaled X%.

Export Prices by Country

In 2023, the average export price for special-purpose electric lamps and lighting fittings amounted to $X per unit, jumping by X% against the previous year. In general, the export price, however, continues to indicate a slight slump. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to the United States totaled $X per unit.

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

Imports of Special-Purpose Electric Lamps and Lighting Fittings

Imports into Cameroon

After two years of decline, purchases abroad of special-purpose electric lamps and lighting fittings increased by X% to X units in 2023. In general, imports showed a significant increase. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports of reached the peak figure at X units in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of special-purpose electric lamps and lighting fittings skyrocketed to $X in 2023. Over the period under review, imports showed a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2023, the growth of imports of failed to regain momentum.

Imports by Country

The United Arab Emirates (X units), China (X units) and France (X units) were the main suppliers of imports of special-purpose electric lamps and lighting fittings to Cameroon, with a combined X% share of total imports. Turkey, Italy, Portugal and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), France ($X) and Italy ($X) appeared to be the largest special-purpose electric lamp and lighting fitting suppliers to Cameroon, together accounting for X% of total imports. The United Arab Emirates, the UK, Portugal and Turkey lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Turkey, 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

In 2023, the average import price for special-purpose electric lamps and lighting fittings amounted to $X per unit, with a decrease of X% against the previous year. Overall, the import price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

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 France ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform