Cameroon: Spice Market 2024

Spice Market Size in Cameroon

The Cameroonian spice market shrank slightly to $X in 2022, which is down by X% against the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Spice Production in Cameroon

In value terms, spice production shrank slightly to $X in 2022 estimated in export price. Overall, production showed a pronounced contraction. The growth pace was the most rapid in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average spice yield in Cameroon declined slightly to X tons per ha, remaining stable against the previous year. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the yield increased by X%. As a result, the yield reached the peak level of X tons per ha. From 2017 to 2022, the growth of the average spice yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The spice harvested area in Cameroon dropped modestly to X ha in 2022, approximately mirroring the year before. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the harvested area attained the peak level of X ha. From 2017 to 2022, the growth of the spice harvested area remained at a lower figure.

Spice Exports

Exports from Cameroon

In 2022, the amount of spices exported from Cameroon was estimated at X tons, with an increase of X% compared with 2021. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, spice exports declined markedly to $X in 2022. In general, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then dropped rapidly in the following year.

Exports by Country

France (X tons), the United States (X tons) and Senegal (X tons) were the main destinations of spice exports from Cameroon, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of X.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for spices exports from Cameroon, comprising X% of total exports. The second position in the ranking was held by Central African Republic ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Central African Republic (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average spice export price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Senegal ($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 Gabon (X%), while the prices for the other major destinations experienced mixed trend patterns.

Spice Imports

Imports into Cameroon

In 2022, spice imports into Cameroon expanded modestly to X tons, with an increase of X% on the year before. Over the period under review, imports saw a tangible expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, spice imports skyrocketed to $X in 2022. Overall, imports, however, saw a slight setback. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest spice supplier to Cameroon, accounting for a X% share of total imports. Moreover, spice imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X tons), sevenfold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and China (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of spices to Cameroon, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

Import Prices by Country

The average spice import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a noticeable setback. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Spain ($X 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 Arab Emirates (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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