Milled Rice Price in Cameroon - 2022
Contents:
- Milled Rice Price in Cameroon (CIF) - 2022
- Milled Rice Price in Cameroon (FOB) - 2022
- Milled Rice Imports in Cameroon
- Milled Rice Exports in Cameroon
Milled Rice Price in Cameroon (CIF) - 2022
The average milled rice import price stood at $371 per ton in 2022, with a decrease of -22.8% against the previous year. In general, the import price saw a noticeable slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by 15%. The import price peaked at $555 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($558 per ton), while the price for Myanmar ($296 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.1%), while the prices for the other major suppliers experienced a decline.
Milled Rice Price in Cameroon (FOB) - 2022
In 2022, the average milled rice export price amounted to $739 per ton, picking up by 34% against the previous year. In general, the export price recorded moderate growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by 133%. As a result, the export price reached the peak level of $1,206 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Congo ($2,510 per ton), while the average price for exports to Nigeria ($198 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 Congo (+17.9%), while the prices for the other major destinations experienced mixed trend patterns.
Milled Rice Imports in Cameroon
In 2022, approx. 1M tons of semi-milled or wholly milled (bleached) rice were imported into Cameroon; picking up by 36% compared with the previous year. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +6.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, milled rice imports rose rapidly to $381M in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 41%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Milled Rice in Cameroon (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 6.6 | 30.3 | 96.3 | 166 | 193.0% |
| Thailand | 290 | 121 | 89.8 | 73.5 | -36.7% |
| Myanmar | 13.8 | 7.2 | 13.3 | 14.5 | 1.7% |
| United States | 11.4 | 11.3 | 4.5 | 11.1 | -0.9% |
| China | 37.1 | 71.6 | 56.5 | 8.2 | -39.5% |
| Vietnam | 13.7 | 6.3 | 4.4 | 3.6 | -35.9% |
| Others | 4.1 | 7.9 | 96.4 | 104 | 193.8% |
| Total | 377 | 256 | 361 | 381 | 0.4% |
Top Suppliers of Milled Rice to Cameroon in 2022:
- India (507.7K tons)
- Thailand (170.1K tons)
- Myanmar (49.0K tons)
- China (27.5K tons)
- United States (19.8K tons)
- Vietnam (7.3K tons)
Milled Rice Exports in Cameroon
In 2022, exports of semi-milled or wholly milled (bleached) rice from Cameroon shrank rapidly to 2K tons, which is down by -84.2% against 2021. Overall, exports faced a precipitous shrinkage. The growth pace was the most rapid in 2021 with an increase of 77% against the previous year. As a result, the exports attained the peak of 12K tons, and then contracted dramatically in the following year.
In value terms, milled rice exports contracted sharply to $1.5M in 2022. In general, exports faced a sharp decrease. The growth pace was the most rapid in 2021 with an increase of 108%. As a result, the exports reached the peak of $6.9M, and then fell sharply in the following year.
| Export of Milled Rice in Cameroon (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chad | 2,151 | 2,374 | 6,496 | 1,286 | -15.8% |
| Central African Republic | 525 | 547 | 63.0 | 101 | -42.3% |
| Nigeria | 74.9 | 9.8 | 154 | 30.5 | -25.9% |
| Sao Tome and Principe | 136 | 374 | 145 | 27.7 | -41.2% |
| Others | 69.1 | 5.3 | 28.6 | 7.5 | -52.3% |
| Total | 2,956 | 3,310 | 6,887 | 1,453 | -21.1% |
Top Export Markets for Milled Rice from Cameroon in 2022:
- Chad (1461.9 tons)
- Central African Republic (217.8 tons)
- Nigeria (154.1 tons)
- Sao Tome and Principe (127.4 tons)
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