Cameroon: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Cameroon

The Cameroonian spirits and liqueurs market rose modestly to $X in 2023, surging by X% against the previous year. Overall, the total consumption indicated strong growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Spirits and liqueurs consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Spirits And Liqueurs Production in Cameroon

In value terms, spirits and liqueurs production rose to $X in 2023 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Spirits And Liqueurs Exports

Exports from Cameroon

In 2023, after two years of growth, there was decline in shipments abroad of spirits, liqueurs and other spirituous beverages, when their volume decreased by X% to X litres. Overall, exports showed a deep contraction. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X litres in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, spirits and liqueurs exports expanded modestly to $X in 2023. In general, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

Gabon (X litres), Congo (X litres) and Chad (X litres) were the main destinations of spirits and liqueurs exports from Cameroon, with a combined X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Congo (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Gabon ($X) remains the key foreign market for spirits, liqueurs and other spirituous beverages exports from Cameroon, comprising X% of total exports. The second position in the ranking was taken by Chad ($X), with a X% share of total exports. It was followed by Congo, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Gabon totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chad (X% per year) and Congo (X% per year).

Export Prices by Country

In 2023, the average spirits and liqueurs export price amounted to $X per litre, with an increase of X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, the export price attained the peak level of $X per litre. From 2014 to 2023, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Gabon ($X per litre), while the average price for exports to Central African Republic ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Gabon (X%), while the prices for the other major destinations experienced mixed trend patterns.

Spirits And Liqueurs Imports

Imports into Cameroon

Spirits and liqueurs imports into Cameroon was estimated at X litres in 2023, increasing by X% on the previous year. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports hit record highs at X litres in 2021; afterwards, it flattened through to 2023.

In value terms, spirits and liqueurs imports declined modestly to $X in 2023. Over the period under review, total imports indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2022, and then reduced modestly in the following year.

Imports by Country

The UK (X litres), Belgium (X litres) and Ireland (X litres) were the main suppliers of spirits and liqueurs imports to Cameroon, together accounting for X% of total imports. Brazil, Italy, Poland and Spain lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of spirits, liqueurs and other spirituous beverages to Cameroon, comprising X% of total imports. The second position in the ranking was held by Ireland ($X), with an X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2023, the average annual growth rate of value from the UK stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2023, the average spirits and liqueurs import price amounted to $X per litre, dropping by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per litre in 2022, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the UK ($X per litre), while the price for Poland ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform