Report Update Nov 1, 2024

Cameroon - Vermouth - Market Analysis, Forecast, Size, Trends and Insights

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Cameroon: Vermouth Market 2024

Vermouth Market Size in Cameroon

In 2022, the Cameroonian vermouth market increased by 19% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption saw a resilient expansion. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in the immediate term.

Vermouth Exports

Exports from Cameroon

In 2022, shipments abroad of vermouth decreased by -95.6% to X litres, falling for the fifth year in a row after two years of growth. Over the period under review, exports saw a perceptible shrinkage. The growth pace was the most rapid in 2014 when exports increased by 3,137% against the previous year. The exports peaked at X litres in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, vermouth exports contracted rapidly to $X in 2022. Overall, exports recorded a perceptible slump. The pace of growth was the most pronounced in 2014 when exports increased by 3,281% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Central African Republic (X litres) was the main destination for vermouth exports from Cameroon, accounting for a 92% share of total exports. Moreover, vermouth exports to Central African Republic exceeded the volume sent to the second major destination, South Africa (X litres), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Central African Republic stood at -2.8%.

In value terms, Central African Republic ($X) remains the key foreign market for vermouth exports from Cameroon, comprising 98% of total exports. The second position in the ranking was taken by South Africa ($X), with a 2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Central African Republic amounted to -5.1%.

Export Prices by Country

In 2022, the average vermouth export price amounted to $X per litre, falling by -7.5% against the previous year. Over the period under review, the export price continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2018 an increase of 53% against the previous year. The export price peaked at $X per litre in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Central African Republic ($X per litre), while the average price for exports to South Africa totaled $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Central African Republic (-2.3%).

Vermouth Imports

Imports into Cameroon

In 2022, purchases abroad of vermouth was finally on the rise to reach X litres for the first time since 2019, thus ending a two-year declining trend. Overall, imports saw a significant increase. The growth pace was the most rapid in 2015 with an increase of 149% against the previous year. Imports peaked at X litres in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, vermouth imports surged to $X in 2022. In general, imports posted a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of 158%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Spain (X litres) constituted the largest supplier of vermouth to Cameroon, with a 45% share of total imports. Moreover, vermouth imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X litres), threefold.

From 2012 to 2022, the average annual growth rate of volume from Spain stood at +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+22.3% per year) and Canada (0.0% per year).

In value terms, the largest vermouth suppliers to Cameroon were Italy ($X), Spain ($X) and Canada ($X), together comprising 70% of total imports.

Italy, with a CAGR of +22.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average vermouth import price amounted to $X per litre, with an increase of 9.3% against the previous year. Overall, the import price, however, recorded a mild curtailment. The pace of growth appeared the most rapid in 2017 when the average import price increased by 36% against the previous year. Over the period under review, average import prices attained the peak figure at $X per litre in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Italy ($X per litre), while the price for Spain ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+0.2%).

Source: IndexBox Platform

This report provides an in-depth analysis of the vermouth market in Cameroon. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 11041000 - Vermouth and other wine of fresh grapes flavoured with plants or aromatic substances (excluding alcohol duty)

Country coverage:

Cameroon

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cameroon
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023