Cameroon: Oil Crops Market 2024

Oil Crops Market Size in Cameroon

The Cameroonian oil crops market was estimated at $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Oil Crops Production in Cameroon

In value terms, oil crops production expanded notably to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a notable increase. The pace of growth was the most pronounced in 2018 with an increase of X%. Oil crops production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

The average yield of oil crops (primary) in Cameroon reduced modestly to X tons per ha in 2022, dropping by X% compared with 2021. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the average oil crops yield attained the maximum level at X tons per ha in 2021, and then contracted in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of oil crops (primary) production in Cameroon rose to X ha, with an increase of X% against the previous year. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to oil crops production reached the peak figure at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

Oil Crops Exports

Exports from Cameroon

In 2022, shipments abroad of oil crops (primary) decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, oil crops exports contracted remarkably to $X in 2022. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then dropped markedly in the following year.

Exports by Country

Nigeria (X tons) was the main destination for oil crops exports from Cameroon, accounting for a X% share of total exports. It was followed by Vietnam (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Nigeria stood at X%.

In value terms, Nigeria ($X) remains the key foreign market for oil crops (primary) exports from Cameroon, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Nigeria totaled X%.

Export Prices by Country

In 2022, the average oil crops export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price faced a deep contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Nigeria amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%).

Oil Crops Imports

Imports into Cameroon

In 2022, purchases abroad of oil crops (primary) was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, oil crops imports surged to $X in 2022. Overall, imports recorded a slight expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the main oil crops supplier to Cameroon, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates stood at X%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of oil crops (primary) to Cameroon.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates stood at X%.

Import Prices by Country

In 2022, the average oil crops import price amounted to $X per ton, which is down by X% against the previous year. In general, the import price continues to indicate a sharp downturn. The growth pace was the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for Costa Rica amounted to X% per year.

Source: IndexBox Platform

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