Cameroon: Groundnuts Market 2024

Groundnuts Market Size in Cameroon

The Cameroonian groundnuts market dropped modestly to $X in 2022, approximately mirroring the previous year. Over the period under review, consumption, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2018 when the market value increased by X%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Groundnuts Production in Cameroon

In value terms, groundnuts production declined modestly to $X in 2022 estimated in export price. In general, production showed a abrupt contraction. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Groundnuts production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The average yield of ground-nut (in-shell) in Cameroon totaled X tons per ha in 2022, remaining constant against the previous year. In general, the yield recorded a noticeable setback. The pace of growth was the most pronounced in 2019 when the yield increased by X% against the previous year. The groundnuts yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The groundnuts harvested area in Cameroon was estimated at X ha in 2022, leveling off at 2021 figures. In general, the harvested area recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha. From 2014 to 2022, the growth of the groundnuts harvested area failed to regain momentum.

Groundnuts Exports

Exports from Cameroon

In 2022, shipments abroad of ground-nut (in-shell) decreased by X% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, groundnuts exports dropped remarkably to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for groundnuts exports from Cameroon, with a X% share of total exports. Moreover, groundnuts exports to France exceeded the volume sent to the second major destination, Canada (X tons), threefold. The third position in this ranking was held by Nigeria (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Nigeria (X% per year).

In value terms, France ($X) emerged as the key foreign market for ground-nut (in-shell) exports from Cameroon, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with a X% share of total exports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and Canada (X% per year).

Export Prices by Country

In 2022, the average groundnuts export price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Canada ($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 Sao Tome and Principe (X%), while the prices for the other major destinations experienced more modest paces of growth.

Groundnuts Imports

Imports into Cameroon

Groundnuts imports into Cameroon was estimated at X kg in 2017, approximately mirroring 2016. Overall, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of X kg. From 2016 to 2017, the growth of imports remained at a somewhat lower figure.

In value terms, groundnuts imports amounted to $X in 2017. Over the period under review, imports saw a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2017 and are expected to retain growth in the immediate term.

Imports by Country

China (X kg) and Kenya (X kg) were the main suppliers of groundnuts imports to Cameroon.

From 2012 to 2017, the biggest increases were recorded for China (with a CAGR of X%).

In value terms, China ($X) and Kenya ($X) appeared to be the largest groundnuts suppliers to Cameroon.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average groundnuts import price stood at $X per ton in 2017, remaining relatively unchanged against the previous year. In general, the import price saw a significant increase. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, average import prices attained the peak figure in 2017 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2017, amid the top importers, the country with the highest price was Kenya ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2017, the most notable rate of growth in terms of prices was attained by Kenya (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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