Cameroon: Processed Meat Market 2024

Processed Meat Market Size in Cameroon

The Cameroonian processed meat market expanded modestly to $X in 2022, with an increase of X% against the previous year. Overall, the total consumption indicated measured 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 decreased by X% against 2020 indices. Processed meat consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Processed Meat Production in Cameroon

In value terms, processed meat production rose slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a temperate 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. Processed meat production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Processed Meat Exports

Exports from Cameroon

In 2022, the amount of processed meat exported from Cameroon totaled X tons, approximately reflecting the previous year's figure. In general, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, processed meat exports shrank to $X in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell in the following year.

Exports by Country

Lebanon (X tons), Central African Republic (X tons) and France (X tons) were the main destinations of processed meat exports from Cameroon, with a combined X% share 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 Central African Republic (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, Central African Republic ($X), Lebanon ($X) and Chad ($X) were the largest markets for processed meat exported from Cameroon worldwide, together accounting for X% of total exports.

Among the main countries of destination, Central African Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average processed meat export price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price, however, recorded buoyant growth. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2021, and then declined in the following year.

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 Chad ($X per ton), while the average price for exports to France ($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 more modest paces of growth.

Processed Meat Imports

Imports into Cameroon

In 2022, purchases abroad of processed meat increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, processed meat imports reduced slightly to $X in 2022. Over the period under review, imports, however, saw a mild reduction. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, France (X tons) constituted the largest processed meat supplier to Cameroon, accounting for a X% share of total imports. Moreover, processed meat imports from France exceeded the figures recorded by the second-largest supplier, Brazil (X tons), sixfold. The third position in this ranking was taken by Spain (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Spain (X% per year).

In value terms, France ($X) constituted the largest supplier of processed meat to Cameroon, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Spain (X% per year).

Import Prices by Country

The average processed meat import price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price continues to indicate a mild descent. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform