Cereals; Millet Price in Cameroon - 2022
Contents:
Cereals; Millet Price in Cameroon (FOB) - 2022
In 2022, the average cereals; millet export price amounted to $776 per ton, rising by 4.7% against the previous year. Over the period under review, the export price saw a strong increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by 73%. As a result, the export price reached the peak level of $1,281 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Gabon.
From 2012 to 2022, the rate of growth in terms of prices for Gabon amounted to +5.9% per year.
Cereals; Millet Exports in Cameroon
For the fourth consecutive year, Cameroon recorded growth in overseas shipments of cereals; millets, which increased by 11% to 4.1 tons in 2022. The total export volume increased at an average annual rate of +11.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, cereals; millet exports soared to $3.2K in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Cereals; Millet in Cameroon (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Gabon | 2.0 | 2.3 | 2.7 | 3.2 | 17.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.0 | 2.3 | 2.7 | 3.2 | 17.0% |
Top Export Markets for Cereals; Millet from Cameroon in 2022:
- Gabon (4.1 tons)
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