Cameroon: Sugar Market 2024

Sugar Market Size in Cameroon

The Cameroonian sugar market rose remarkably to $X in 2022, surging by 15% against the previous year. Overall, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 +32.2% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Sugar Production in Cameroon

In value terms, sugar production dropped to $X in 2022 estimated in export price. Over the period under review, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +10.9% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 39% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of sugar in Cameroon was estimated at less than X kg per ha, stabilizing at the previous year. In general, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The sugar harvested area in Cameroon was estimated at less than X ha in 2022, almost unchanged from 2021. Overall, the harvested area showed a relatively flat trend pattern.

Sugar Exports

Exports from Cameroon

In 2022, approx. X tons of sugar were exported from Cameroon; rising by 20% compared with the year before. Over the period under review, exports, however, saw a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 317% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sugar exports skyrocketed to $X in 2022. In general, exports, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 176%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for sugar exports from Cameroon, accounting for a 23% share of total exports. Moreover, sugar exports to the United States exceeded the volume sent to the second major destination, Congo (X kg), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (-13.3% per year) and France (-55.1% per year).

In value terms, the United States ($X) emerged as the key foreign market for sugar exports from Cameroon, comprising 79% of total exports. The second position in the ranking was taken by Congo ($X), with a 1.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (-29.8% per year) and France (-55.5% per year).

Export Prices by Country

The average sugar export price stood at $X per ton in 2022, jumping by 36% against the previous year. Over the period under review, the export price saw a mild increase. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 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 the United States ($X per ton), while the average price for exports to Congo ($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 (-1.0%).

Sugar Imports

Imports into Cameroon

In 2022, imports of sugar into Cameroon skyrocketed to X tons, surging by 815% against 2021. Overall, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sugar imports soared to $X in 2022. In general, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons) constituted the largest sugar supplier to Cameroon, with a 70% share of total imports. Moreover, sugar imports from Brazil exceeded the figures recorded by the second-largest supplier, India (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil amounted to +127.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+119.9% per year) and Guatemala (-16.8% per year).

In value terms, the largest sugar suppliers to Cameroon were Brazil ($X), India ($X) and Guatemala ($X), with a combined 100% share of total imports.

In terms of the main suppliers, Brazil, with a CAGR of +120.3%, 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 mixed trend patterns.

Import Prices by Country

The average sugar import price stood at $X per ton in 2022, waning by -2.5% against the previous year. Overall, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2016 an increase of 35%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 India ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform