Cameroon: Soups Market 2024

Soups Market Size in Cameroon

After two years of growth, the Cameroonian soups market decreased by X% to $X in 2023. Over the period under review, consumption continues to indicate a perceptible decrease. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

Soups Production in Cameroon

In value terms, soups production reached $X in 2023 estimated in export price. Overall, production continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2023, production growth remained at a lower figure.

Soups Exports

Exports from Cameroon

In 2023, overseas shipments of soups and broths were finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Over the period under review, exports, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2023, the growth of the exports remained at a lower figure.

In value terms, soups exports soared to $X in 2023. Overall, exports, however, continue to indicate a abrupt descent. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Central African Republic (X tons), Gabon (X tons) and Equatorial Guinea (X tons) were the main destinations of soups exports from Cameroon, together comprising X% of total exports. Congo, Democratic Republic of the Congo and Chad lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Democratic Republic of the Congo (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, Central African Republic ($X), Gabon ($X) and Equatorial Guinea ($X) appeared to be the largest markets for soups exported from Cameroon worldwide, with a combined X% share of total exports. Congo, Democratic Republic of the Congo and Chad lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Democratic Republic of the Congo, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2023, the average soups export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, saw a slight descent. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Equatorial Guinea ($X per ton), while the average price for exports to Gabon ($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 Congo (X%), while the prices for the other major destinations experienced a decline.

Soups Imports

Imports into Cameroon

In 2023, overseas purchases of soups and broths decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, imports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Imports peaked at X tons in 2015; however, from 2016 to 2023, imports failed to regain momentum.

In value terms, soups imports reduced dramatically to $X in 2023. Over the period under review, imports, however, posted a resilient increase. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and France (X tons) were the main suppliers of soups imports to Cameroon, together comprising X% of total imports.

From 2012 to 2023, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of soups and broths to Cameroon, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Nigeria, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from France stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Nigeria (X% per year).

Import Prices by Country

In 2023, the average soups import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, soups import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; afterwards, it flattened through to 2023.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform