Cameroon: Animal Feed Market 2024

Animal Feed Market Size in Cameroon

The Cameroonian animal feed market totaled $X in 2022, surging by 5.6% against the previous year. In general, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.0% against 2020 indices. Animal feed consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Animal Feed Production in Cameroon

In value terms, animal feed production rose rapidly to $X in 2022 estimated in export price. In general, the total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.2% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 29% against the previous year. Animal feed production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Animal Feed Exports

Exports from Cameroon

In 2022, shipments abroad of animal and pet feed was finally on the rise to reach X tons after four years of decline. In general, exports saw buoyant growth. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, animal feed exports soared to $X in 2022. Over the period under review, exports continue to indicate a prominent increase. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Gabon (X tons) was the main destination for animal feed exports from Cameroon, accounting for a 67% share of total exports. Moreover, animal feed exports to Gabon exceeded the volume sent to the second major destination, Central African Republic (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Gabon totaled +22.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Central African Republic (+41.7% per year) and the Netherlands (-42.9% per year).

In value terms, Central African Republic ($X) remains the key foreign market for animal and pet feed exports from Cameroon, comprising 67% of total exports. The second position in the ranking was held by Gabon ($X), with a 32% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Central African Republic stood at +79.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Gabon (+26.1% per year) and the Netherlands (-35.7% per year).

Export Prices by Country

The average animal feed export price stood at $X per ton in 2022, remaining constant against the previous year. Overall, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, animal feed export price increased by +89.9% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 35% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Congo (+30.3%), while the prices for the other major destinations experienced more modest paces of growth.

Animal Feed Imports

Imports into Cameroon

In 2022, after five years of growth, there was significant decline in overseas purchases of animal and pet feed, when their volume decreased by -6.9% to X tons. In general, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 96%. Over the period under review, imports reached the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, animal feed imports fell to $X in 2022. Over the period under review, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 75% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of animal feed to Cameroon, accounting for a 36% share of total imports. Moreover, animal feed imports from Belgium exceeded the figures recorded by the second-largest supplier, France (X tons), fivefold. The third position in this ranking was taken by the Netherlands (X tons), with a 1.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium totaled +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+33.2% per year) and the Netherlands (+4.3% per year).

In value terms, Belgium ($X) constituted the largest supplier of animal and pet feed to Cameroon, comprising 34% of total imports. The second position in the ranking was taken by France ($X), with a 9.4% share of total imports. It was followed by South Africa, with a 1.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium totaled +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+27.3% per year) and South Africa (+48.8% per year).

Import Prices by Country

The average animal feed import price stood at $X per ton in 2022, shrinking by -3.2% against the previous year. Overall, the import price showed a slight curtailment. The pace of growth was the most pronounced in 2018 an increase of 18% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform