Price for Flours and Meals; of Soya Beans in Cameroon - 2022

Price for Flours and Meals; of Soya Beans in Cameroon (CIF) - 2022

The average import price for flours and meals; of soya beanses stood at $838 per ton in 2022, remaining stable against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 29%. As a result, import price reached the peak level of $1,463 per ton. From 2019 to 2022, the average import prices remained 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 France ($1,376 per ton), while the price for Kenya ($673 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flours and Meals; of Soya Beans in Cameroon (FOB) - 2022

In 2021, the average export price for flours and meals; of soya beanses amounted to $1,111 per ton, surging by 260% against the previous year. In general, the export price continues to indicate a temperate expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Nigeria ($2,549 per ton), while the average price for exports to Chad totaled $105 per ton.

From 2016 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+21.5%).

Imports of Flours and Meals; of Soya Beans in Cameroon

In 2022, after three years of growth, there was significant decline in purchases abroad of flours and meals; of soya beanses, when their volume decreased by -45.1% to 205 tons. Over the period under review, imports, however, showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 929%. As a result, imports attained the peak of 374 tons, and then dropped markedly in the following year.

In value terms, imports of flours and meals; of soya beanses fell markedly to $172K in 2022. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 840% against the previous year. As a result, imports attained the peak of $311K, and then shrank dramatically in the following year.

Import of Flours and Meals; of Soya Beans in Cameroon (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	19.6	25.6	152	90.2	66.3%
Serbia	N/A	N/A	76.8	29.6	-61.5%
Belgium	0.2	0.6	6.8	16.5	335.3%
China	0.4	3.1	21.6	15.1	235.5%
Kenya	N/A	N/A	N/A	11.5	0%
France	1.2	1.7	9.9	5.8	69.1%
South Africa	0.3	1.9	1.3	2.9	113.0%
Spain	N/A	N/A	41.1	N/A	0%
Others	0.1	0.1	0.9	0.3	44.2%
Total	21.8	33.0	311	172	99.1%

Top Suppliers of Flours and Meals; of Soya Beans to Cameroon in 2022:

United States (121.3 tons)
Serbia (30.1 tons)
Kenya (17.1 tons)
Belgium (15.7 tons)
China (12.9 tons)
France (4.2 tons)
South Africa (3.3 tons)

Exports of Flours and Meals; of Soya Beans in Cameroon

In 2021, exports of flours and meals; of soya beanses from Cameroon surged to 102 tons, picking up by 8,093% compared with 2020 figures. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of flours and meals; of soya beanses surged to $114K in 2021. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.