Price for Spices; Mixtures of 2 or More Products of the Same Heading in Cameroon - 2022
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Cameroon (FOB) - 2022
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Cameroon (CIF) - 2022
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Cameroon
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Cameroon
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Cameroon (FOB) - 2022
The average export price for spices; mixtures of 2 or more products of the same heading stood at $784 per ton in 2022, shrinking by -43.5% against the previous year. Over the period under review, the export price showed a pronounced slump. The most prominent rate of growth was recorded in 2016 an increase of 78%. The export price peaked at $3,094 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 France ($1,754 per ton), while the average price for exports to Senegal ($368 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 South Africa (+3.6%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Cameroon (CIF) - 2022
In 2022, the average import price for spices; mixtures of 2 or more products of the same heading amounted to $2,180 per ton, shrinking by -27.7% against the previous year. In general, the import price recorded a perceptible descent. The pace of growth was the most pronounced in 2020 when the average import price increased by 37%. The import price peaked at $3,317 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +10.6% per year.
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Cameroon
Exports of spices; mixtures of 2 or more products of the same heading from Cameroon soared to 275 tons in 2022, rising by 107% on the previous year. In general, exports posted 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 spices; mixtures of 2 or more products of the same heading skyrocketed to $216K in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 49% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Spices; Mixtures of 2 or More Products of the Same Heading in Cameroon (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 30.6 | 6.2 | 30.7 | 49.0 | 17.0% |
| France | 17.9 | 41.6 | 29.4 | 40.2 | 31.0% |
| Senegal | N/A | N/A | N/A | 26.9 | 0% |
| Canada | 17.7 | 36.9 | 15.4 | 11.8 | -12.6% |
| Finland | N/A | 5.3 | 3.6 | 6.1 | 7.3% |
| Belgium | 2.0 | 1.3 | 0.4 | 3.0 | 14.5% |
| Central African Republic | N/A | N/A | 60.8 | N/A | 0% |
| Others | 34.3 | 61.5 | 44.0 | 78.7 | 31.9% |
| Total | 102 | 153 | 184 | 216 | 28.4% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Cameroon in 2022:
- United States (105.9 tons)
- Senegal (73.1 tons)
- France (22.9 tons)
- Canada (11.2 tons)
- Belgium (3.6 tons)
- Finland (2.7 tons)
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Cameroon
For the third consecutive year, Cameroon recorded decline in supplies from abroad of spices; mixtures of 2 or more products of the same heading, which decreased by -57.9% to 30 tons in 2022. In general, imports showed a sharp contraction. The smallest decline of -25% was in 2021.
In value terms, imports of spices; mixtures of 2 or more products of the same heading contracted significantly to $64K in 2022. Over the period under review, imports recorded a sharp setback. The smallest decline of -3.2% was in 2021.
| Import of Spices; Mixtures of 2 or More Products of the Same Heading in Cameroon (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 174 | 120 | 69.2 | 64.4 | -28.2% |
| Nigeria | N/A | 0.9 | 0.9 | N/A | 0.0% |
| China | N/A | 33.9 | 60.6 | N/A | 78.8% |
| Germany | 2.1 | 12.5 | 4.0 | N/A | 38.0% |
| France | 50.8 | 38.1 | 50.8 | N/A | 0.0% |
| Lebanon | 4.5 | N/A | 3.6 | N/A | -10.6% |
| Others | 26.4 | 13.1 | 22.4 | N/A | -7.9% |
| Total | 258 | 218 | 211 | 64.4 | -37.0% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Cameroon in 2022:
- United Arab Emirates (29.5 tons)
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