Cameroon: Groundnuts Market 2025

Groundnuts Market Size in Cameroon

The Cameroonian groundnuts market fell slightly to $X in 2022, leveling off at the previous year. Overall, consumption, however, continues to indicate a deep slump. Groundnuts consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Groundnuts Production in Cameroon

In value terms, groundnuts production dropped slightly to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when the production volume increased by 10%. Groundnuts production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The average yield of ground-nut (in-shell) in Cameroon was estimated at X tons per ha in 2022, stabilizing at 2021 figures. In general, the yield recorded a pronounced downturn. The pace of growth appeared the most rapid in 2019 with an increase of 3% against the previous year. The groundnuts yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. 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 ground-nut (in-shell) production in Cameroon was estimated at X ha, remaining constant against the previous year's figure. Overall, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the harvested area increased by 9.6%. As a result, the harvested area attained the peak level of X ha. From 2014 to 2022, the growth of the groundnuts harvested area remained at a lower figure.

Groundnuts Exports

Exports from Cameroon

In 2022, shipments abroad of ground-nut (in-shell) decreased by -55.9% to X tons, falling for the second consecutive year after three years of growth. Overall, exports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 131% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, groundnuts exports fell markedly to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 101%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for groundnuts exports from Cameroon, accounting for a 24% share of total exports. Moreover, groundnuts exports to France exceeded the volume sent to the second major destination, Belgium (X tons), threefold. Canada (X tons) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume to France amounted to +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-20.9% per year) and Canada (+20.5% per year).

In value terms, France ($X) remains the key foreign market for ground-nut (in-shell) exports from Cameroon, comprising 36% of total exports. The second position in the ranking was held by Belgium ($X), with a 4.9% share of total exports. It was followed by Canada, with a 3.7% share.

From 2012 to 2022, the average annual growth rate of value to France totaled +15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-21.6% per year) and Canada (+69.0% per year).

Export Prices by Country

In 2022, the average groundnuts export price amounted to $X per ton, rising by 41% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, groundnuts export price increased by +92.8% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Sao Tome and Principe ($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 Central African Republic (+62.0%), while the prices for the other major destinations experienced more modest paces of growth.

Groundnuts Imports

Imports into Cameroon

In 2017, overseas purchases of ground-nut (in-shell) decreased by 0% to X kg, falling for the second year in a row after four years of growth. Overall, imports showed a mild expansion. The most prominent rate of growth was recorded in 2015 with an increase of 29%. As a result, imports reached the peak of X kg. From 2016 to 2017, the growth of imports remained at a somewhat lower figure.

In value terms, groundnuts imports stood at $X in 2017. In general, imports showed a buoyant increase. The pace of growth appeared the most rapid in 2013 with an increase of 17%. Over the period under review, imports hit record highs in 2017 and are likely to see gradual growth in years to come.

Imports by Country

China (X kg) and Kenya (X kg) were the main suppliers of groundnuts imports to Cameroon.

From 2012 to 2017, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of 0.0%).

In value terms, China ($X) and Kenya ($X) were the largest groundnuts suppliers to Cameroon.

China, with a CAGR of 0.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average groundnuts import price stood at $X per ton in 2017, stabilizing at the previous year. In general, the import price recorded buoyant growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 1.7%. Over the period under review, average import prices attained the maximum in 2017 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2017, amid the top importers, the country with the highest price was Kenya ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2017, the most notable rate of growth in terms of prices was attained by Kenya (0.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform