Cameroon: Banana Market 2024

Banana Market Size in Cameroon

The Cameroonian banana market stood at $X in 2022, increasing by 2.2% against the previous year. Overall, consumption, however, saw a perceptible reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Banana Production in Cameroon

In value terms, banana production reached $X in 2022 estimated in export price. In general, production continues to indicate a mild descent. The most prominent rate of growth was recorded in 2019 with an increase of 17% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The average yield of bananas in Cameroon dropped modestly to X tons per ha in 2022, therefore, remained relatively stable against the previous year. The yield figure increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 45%. The banana yield peaked at X tons per ha in 2016; however, from 2017 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of bananas were harvested in Cameroon; stabilizing at the previous year's figure. In general, the harvested area recorded a pronounced reduction. The growth pace was the most rapid in 2016 when the harvested area increased by 6.5% against the previous year. The banana harvested area peaked at X ha in 2013; however, from 2014 to 2022, the harvested area remained at a lower figure.

Banana Exports

Exports from Cameroon

Banana exports from Cameroon shrank to X tons in 2022, reducing by -4.8% compared with the year before. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 54% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, banana exports declined to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by 98% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons) was the main destination for banana exports from Cameroon, with a 30% share of total exports. Moreover, banana exports to Belgium exceeded the volume sent to the second major destination, the UK (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium stood at -4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-1.3% per year) and Germany (+32.6% per year).

In value terms, the UK ($X) remains the key foreign market for bananas exports from Cameroon, comprising 16% of total exports. The second position in the ranking was taken by Germany ($X), with a 7.7% share of total exports. It was followed by France, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+31.3% per year) and France (-14.9% per year).

Export Prices by Country

The average banana export price stood at $X per ton in 2022, picking up by 2.7% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 28%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Belgium ($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 the UK (+4.3%), while the prices for the other major destinations experienced mixed trend patterns.

Banana Imports

Imports into Cameroon

Banana imports into Cameroon reduced to X tons in 2022, waning by -8.3% on the previous year's figure. Overall, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 1,857% against the previous year. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, banana imports dropped to $X in 2022. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 1,681%. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Brazil (X tons) was the main banana supplier to Cameroon, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Brazil was relatively modest.

In value terms, Brazil ($X) constituted the largest supplier of bananas to Cameroon.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil was relatively modest.

Import Prices by Country

In 2022, the average banana import price amounted to $X per ton, standing approx. at the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 12%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to 0.0% per year.

Source: IndexBox Platform