Cameroon: Dry Bean Market 2024

Dry Bean Market Size in Cameroon

The Cameroonian dry bean market dropped to $X in 2023, declining by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2015 to 2023, the growth of the market remained at a somewhat lower figure.

Dry Bean Production in Cameroon

In value terms, dry bean production declined to $X in 2023 estimated in export price. Overall, production, however, posted notable growth. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2023, production growth failed to regain momentum.

In 2023, the average yield of beans (dry) in Cameroon reduced modestly to X tons per ha, remaining stable against the previous year. Over the period under review, the yield saw a noticeable setback. The most prominent rate of growth was recorded in 2015 when the yield increased by X%. Over the period under review, the average dry bean yield reached the peak level at X tons per ha in 2012; however, from 2013 to 2023, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the total area harvested in terms of beans (dry) production in Cameroon contracted slightly to X ha, approximately equating the year before. The harvested area increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the harvested area increased by X% against the previous year. The dry bean harvested area peaked at X ha in 2017; however, from 2018 to 2023, the harvested area failed to regain momentum.

Dry Bean Exports

Exports from Cameroon

In 2023, shipments abroad of beans (dry) was finally on the rise to reach X tons after two years of decline. Overall, exports, however, recorded a abrupt shrinkage. The exports peaked at X tons in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

In value terms, dry bean exports surged to $X in 2023. Over the period under review, exports continue to indicate a mild expansion. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Canada (X tons) was the main destination for dry bean exports from Cameroon, with a X% share of total exports. Moreover, dry bean exports to Canada exceeded the volume sent to the second major destination, Belgium (X tons), fourfold. The United States (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual growth rate of volume to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and the United States (X% per year).

In value terms, the largest markets for dry bean exported from Cameroon were Canada ($X), Belgium ($X) and the UK ($X), together comprising X% of total exports.

Among the main countries of destination, Canada, 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 more modest paces of growth.

Export Prices by Country

The average dry bean export price stood at $X per ton in 2023, waning by X% against the previous year. Overall, the export price, however, continues to indicate strong growth. The growth pace was the most rapid in 2022 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell notably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Central African Republic (X%), while the prices for the other major destinations experienced a decline.

Dry Bean Imports

Imports into Cameroon

In 2023, after two years of growth, there was significant decline in purchases abroad of beans (dry), when their volume decreased by X% to X tons. Over the period under review, imports saw a mild downturn. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2022, and then contracted significantly in the following year.

In value terms, dry bean imports declined significantly to $X in 2023. In general, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2022, and then declined rapidly in the following year.

Imports by Country

Belgium (X tons), Ukraine (X tons) and Turkey (X tons) were the main suppliers of dry bean imports to Cameroon, together comprising X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of X,100.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of beans (dry) to Cameroon, comprising X% of total imports. The second position in the ranking was held by Ukraine ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Belgium amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (X.5% per year) and Turkey (X% per year).

Import Prices by Country

The average dry bean import price stood at $X per ton in 2023, with an increase of X% against the previous year. Overall, the import price recorded a buoyant expansion. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2023, the average import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform