Cameroon: Confectionery Market 2024

Confectionery Market Size in Cameroon

The Cameroonian confectionery market dropped significantly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption showed a slight slump. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Confectionery Production in Cameroon

In value terms, confectionery production amounted to $X in 2022 estimated in export price. In general, production, however, posted a strong increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Confectionery production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Confectionery Exports

Exports from Cameroon

In 2022, shipments abroad of confectionery increased by X% to X tons, rising for the seventh consecutive year after two years of decline. Over the period under review, exports posted a prominent expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, confectionery exports expanded notably to $X in 2022. Overall, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

France (X tons), the United States (X tons) and the Netherlands (X tons) were the main destinations of confectionery exports from Cameroon, together accounting for X% of total exports. Germany, Spain, Chad, Uruguay and Malaysia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uruguay (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for confectionery exports from Cameroon, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with an X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average confectionery export price amounted to $X per ton, reducing by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a 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 France ($X per ton), while the average price for exports to Chad ($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 Uruguay (X%), while the prices for the other major destinations experienced more modest paces of growth.

Confectionery Imports

Imports into Cameroon

In 2022, supplies from abroad of confectionery increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, total imports indicated a mild expansion 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 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, confectionery imports rose rapidly to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

India (X tons), the United Arab Emirates (X tons) and Morocco (X tons) were the main suppliers of confectionery imports to Cameroon, with a combined X% share of total imports.

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

In value terms, the largest confectionery suppliers to Cameroon were the United Arab Emirates ($X), India ($X) and Morocco ($X), with a combined X% share of total imports.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of 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 confectionery import price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform