Cameroon: Cereal Market 2024

Cereal Market Size in Cameroon

The Cameroonian cereal market shrank to $X in 2022, with a decrease of X% against the previous year. Overall, the total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Cereal consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Cereal Production in Cameroon

In value terms, cereal production reduced remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a mild increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Cereal production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

In 2022, the average yield of cereals in Cameroon fell slightly to X tons per ha, remaining relatively unchanged against the year before. In general, the yield, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cereals production in Cameroon contracted slightly to X ha, remaining stable against the previous year. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when the harvested area increased by X% against the previous year. The cereal harvested area peaked at X ha in 2016; afterwards, it flattened through to 2022.

Cereal Exports

Exports from Cameroon

In 2022, the amount of cereals exported from Cameroon surged to X tons, jumping by X% against the year before. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, cereal exports surged to $X in 2022. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Chad (X tons) was the main destination for cereal exports from Cameroon, accounting for a X% share of total exports. Moreover, cereal exports to Chad exceeded the volume sent to the second major destination, Nigeria (X tons), fivefold. The third position in this ranking was taken by Central African Republic (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chad stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (X% per year) and Central African Republic (X% per year).

In value terms, Chad ($X) remains the key foreign market for cereals exports from Cameroon, comprising X% of total exports. The second position in the ranking was held by Central African Republic ($X), with an X% share of total exports. It was followed by Nigeria, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Chad stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Central African Republic (X% per year) and Nigeria (X% per year).

Export Prices by Country

The average cereal export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Central African Republic ($X per ton), while the average price for exports to Nigeria ($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 Chad (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cereal Imports

Imports into Cameroon

In 2022, approx. X tons of cereals were imported into Cameroon; dropping by X% on the year before. In general, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2013 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, cereal imports dropped to $X in 2022. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

Russia (X tons), France (X tons) and Poland (X tons) were the main suppliers of cereal imports to Cameroon, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), France ($X) and Poland ($X) were the largest cereal suppliers to Cameroon, with a combined X% share of total imports.

In terms of the main suppliers, Poland, 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 2022, the average cereal import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, showed a mild downturn. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 Paraguay ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform