Cameroon: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Cameroon

The Cameroonian market for malt extract and food preparations of flour, meal, and starches surged to $X in 2022, rising by 28% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a strong expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Cameroon

After two years of decline, overseas shipments of malt extract and food preparations of flour, meal, and starches increased by 12% to X tons in 2022. In general, exports showed a pronounced expansion. The growth pace was the most rapid in 2017 with an increase of 69%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of malt extract and food preparations of flour, meal, and starches surged to $X in 2022. Overall, exports posted perceptible growth. The most prominent rate of growth was recorded in 2019 with an increase of 117% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Belgium (X tons), Switzerland (X tons) and the United States (X tons) were the main destinations of exports of malt extract and food preparations of flour, meal, and starches from Cameroon, together accounting for 23% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +13.6%), while the other leaders experienced mixed trend patterns.

In value terms, Switzerland ($X) remains the key foreign market for malt extract and food preparations of flour, meal, and starches exports from Cameroon, comprising 29% of total exports. The second position in the ranking was held by Belgium ($X), with an 11% share of total exports. It was followed by the United States, with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Switzerland totaled +12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-15.4% per year) and the United States (+16.2% per year).

Export Prices by Country

The average export price for malt extract and food preparations of flour, meal, and starches stood at $X per ton in 2022, growing by 12% against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for malt extract and food preparations of flour, meal, and starches decreased by -8.1% against 2020 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by 31% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Belgium ($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 France (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Cameroon

In 2022, the amount of malt extract and food preparations of flour, meal, and starches imported into Cameroon skyrocketed to X tons, with an increase of 44% on 2021 figures. Overall, imports saw prominent growth. The growth pace was the most rapid in 2020 with an increase of 65% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of malt extract and food preparations of flour, meal, and starches soared to $X in 2022. In general, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 84% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, Belgium (X tons) constituted the largest malt extract and food preparations of flour, meal, and starch supplier to Cameroon, accounting for a 30% share of total imports. Moreover, imports of malt extract and food preparations of flour, meal, and starches from Belgium exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), more than tenfold. The third position in this ranking was held by the Netherlands (X tons), with a 1% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium amounted to +18.1%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+107.9% per year) and the Netherlands (+32.5% per year).

In value terms, Belgium ($X) constituted the largest supplier of malt extract and food preparations of flour, meal, and starches to Cameroon, comprising 29% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 3.9% share of total imports. It was followed by the Netherlands, with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium totaled +24.6%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+147.5% per year) and the Netherlands (+27.9% per year).

Import Prices by Country

In 2022, the average import price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, declining by -14.6% against the previous year. In general, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for malt extract and food preparations of flour, meal, and starches increased by +22.6% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 35%. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform