Onion Price in Cameroon - 2022
Contents:
- Onion Price in Cameroon (FOB) - 2022
- Onion Price in Cameroon (CIF) - 2022
- Onion Exports in Cameroon
- Onion Imports in Cameroon
Onion Price in Cameroon (FOB) - 2022
The average onion export price stood at $322 per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price recorded pronounced growth. The pace of growth appeared the most rapid in 2013 an increase of 109% against the previous year. The export price peaked at $1,519 per ton in 2017; however, from 2018 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 Equatorial Guinea ($935 per ton), while the average price for exports to Gabon stood at $279 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Equatorial Guinea (+8.7%), while the prices for the other major destinations experienced a decline.
Onion Price in Cameroon (CIF) - 2022
In 2022, the average onion import price amounted to $394 per ton, rising by 55% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($388 per ton), while the price for Nigeria ($155 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+20.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Onion Exports in Cameroon
For the fourth year in a row, Cameroon recorded growth in shipments abroad of onions (dry), which increased by 12% to 3.1K tons in 2022. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 109%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, onion exports rose significantly to $1M in 2022. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 122%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Onion in Cameroon (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Gabon | 295 | 48.5 | 9.4 | 821 | 40.7% |
| Equatorial Guinea | 55.7 | 5.0 | 21.2 | 190 | 50.5% |
| Congo | N/A | 716 | 861 | N/A | 20.3% |
| Others | 8.4 | 28.6 | 8.3 | 2.5 | -33.2% |
| Total | 359 | 799 | 900 | 1,014 | 41.4% |
Top Export Markets for Onion from Cameroon in 2022:
- Gabon (2.9K tons)
- Equatorial Guinea (0.2K tons)
Onion Imports in Cameroon
In 2022, supplies from abroad of onions (dry) decreased by -35.8% to 1.7K tons, falling for the second year in a row after two years of growth. Overall, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 36% against the previous year. As a result, imports reached the peak of 3.1K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, onion imports declined to $669K in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 21%. As a result, imports reached the peak of $810K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Onion in Cameroon (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 604 | 653 | 585 | 609 | 0.3% |
| Poland | 6.3 | 62.8 | 7.2 | 23.9 | 56.0% |
| Nigeria | 9.6 | 8.0 | 6.5 | 8.1 | -5.5% |
| Belgium | N/A | 61.1 | 28.5 | N/A | -53.4% |
| Morocco | N/A | N/A | 37.7 | N/A | 0% |
| Others | 51.9 | 25.0 | 5.4 | 27.5 | -19.1% |
| Total | 672 | 810 | 671 | 669 | -0.1% |
Top Suppliers of Onion to Cameroon in 2022:
- Netherlands (1571.5 tons)
- Poland (65.4 tons)
- Nigeria (52.4 tons)
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