Cameroon: Wine Market 2024

Wine Market Size in Cameroon

The Cameroonian wine market rose to $X in 2022, growing by X% 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, the total consumption indicated slight 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 increased by X% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Wine Exports

Exports from Cameroon

After two years of decline, shipments abroad of wine and grape must increased by X% to X litres in 2022. Overall, exports saw a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X litres in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, wine exports soared to $X in 2022. Over the period under review, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Central African Republic (X litres) was the main destination for wine exports from Cameroon, accounting for a X% share of total exports. Moreover, wine exports to Central African Republic exceeded the volume sent to the second major destination, Gabon (X litres), threefold.

From 2012 to 2022, the average annual growth rate of volume to Central African Republic stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Gabon (X% per year) and Congo (X% per year).

In value terms, Central African Republic ($X) emerged as the key foreign market for wine and grape must exports from Cameroon, comprising X% of total exports. The second position in the ranking was held by Gabon ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Central African Republic amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Gabon (X% per year) and Congo (X% per year).

Export Prices by Country

The average wine export price stood at $X per litre in 2022, growing by X% against the previous year. Overall, the export price showed a resilient expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Gabon (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wine Imports

Imports into Cameroon

In 2022, wine imports into Cameroon rose slightly to X litres, surging by X% against the year before. Over the period under review, total imports indicated slight growth from 2012 to 2022: its volume 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, imports decreased by X% against 2017 indices. The pace of growth was the most pronounced in 2017 when imports increased by X%. As a result, imports attained the peak of X litres. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wine imports amounted to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

France (X litres), Spain (X litres) and Italy (X litres) were the main suppliers of wine imports to Cameroon, with a combined X% share of total imports. Argentina and Portugal lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wine suppliers to Cameroon were France ($X), Spain ($X) and Argentina ($X), together accounting for X% of total imports. Italy and Portugal lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Portugal, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wine import price stood at $X per litre in 2022, falling by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per litre in 2019; however, from 2020 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 France ($X per litre), while the price for Italy ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform