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Cameroon - Refined Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Palm Oil Price in Cameroon - 2022
Contents:
- Refined Palm Oil Price in Cameroon (CIF) - 2022
- Refined Palm Oil Price in Cameroon (FOB) - 2022
- Refined Palm Oil Imports in Cameroon
- Refined Palm Oil Exports in Cameroon
Refined Palm Oil Price in Cameroon (CIF) - 2022
In 2022, the average refined palm oil import price amounted to $1,262 per ton, picking up by 4.8% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined palm oil import price increased by +101.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 50%. The import price peaked in 2022 and is likely to see gradual growth in the near future.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Singapore ($1,086 per ton) and Malaysia ($944 per ton), while the price for Cote d'Ivoire ($854 per ton) and Indonesia ($936 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Refined Palm Oil Price in Cameroon (FOB) - 2022
The average refined palm oil export price stood at $1,000 per ton in 2022, with a decrease of -42% against the previous year. Overall, the export price saw a pronounced decline. The most prominent rate of growth was recorded in 2019 an increase of 9.4% against the previous year. The export price peaked at $1,725 per ton in 2021, and then declined notably in the following year.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Gabon ($1,737 per ton), while the average price for exports to Central African Republic totaled $1,501 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Congo (+11.2%), while the prices for the other major destinations experienced a decline.
Refined Palm Oil Imports in Cameroon
In 2022, approx. 30K tons of refined palm oil were imported into Cameroon; surging by 73% against the year before. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 213%. As a result, imports reached the peak of 32K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, refined palm oil imports skyrocketed to $38M in 2022. Overall, imports posted significant growth. The growth pace was the most rapid in 2020 with an increase of 301% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
Import of Refined Palm Oil in Cameroon (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 3.1 | 6.7 | 9.8 | 13.1 | 61.7% |
Malaysia | 3.3 | 17.7 | 7.4 | 8.3 | 36.0% |
Singapore | N/A | 1.4 | 3.5 | 1.5 | 3.5% |
Cote d'Ivoire | N/A | N/A | N/A | 0.4 | 0% |
Others | N/A | N/A | N/A | 14.4 | 0% |
Total | 6.4 | 25.8 | 20.8 | 37.7 | 80.6% |
Top Suppliers of Refined Palm Oil to Cameroon in 2022:
- Indonesia (14.0K tons)
- Malaysia (8.8K tons)
- Singapore (1.3K tons)
- Cote d'Ivoire (0.5K tons)
Refined Palm Oil Exports in Cameroon
Refined palm oil exports from Cameroon declined rapidly to 2.8K tons in 2022, with a decrease of -21.9% against the previous year. Over the period under review, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 519% against the previous year. As a result, the exports reached the peak of 3.7K tons, and then contracted remarkably in the following year.
In value terms, refined palm oil exports contracted notably to $2.9M in 2022. In general, exports, however, recorded a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 554% against the previous year. As a result, the exports attained the peak of $6.3M, and then shrank sharply in the following year.
Export of Refined Palm Oil in Cameroon (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Gabon | 0.8 | 0.9 | 5.7 | 3.4 | 62.0% |
Central African Republic | 0.9 | N/A | 0.1 | 0.2 | -39.4% |
Congo | 0.5 | N/A | N/A | N/A | 0% |
Chad | 0.2 | N/A | 0.4 | N/A | 41.4% |
Others | N/A | N/A | N/A | -0.8 | 0% |
Total | 2.4 | 1.0 | 6.3 | 2.9 | 6.5% |
Top Export Markets for Refined Palm Oil from Cameroon in 2022:
- Gabon (1966.7 tons)
- Central African Republic (126.0 tons)
This report provides an in-depth analysis of the refined palm oil market in Cameroon. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10415700 - Refined palm oil and its fractions (excluding chemically modified)
Country coverage:
- Cameroon
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Cameroon
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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