Broken Rice Price in Cameroon - 2022
Contents:
- Broken Rice Price in Cameroon (CIF) - 2022
- Broken Rice Price in Cameroon (FOB) - 2022
- Broken Rice Imports in Cameroon
- Broken Rice Exports in Cameroon
Broken Rice Price in Cameroon (CIF) - 2022
In 2022, the average broken rice import price amounted to $416 per ton, increasing by 2.4% against the previous year. Over the period under review, the import price, however, showed a pronounced downturn. The pace of growth was the most pronounced in 2019 when the average import price increased by 18%. Over the period under review, average import prices hit record highs at $604 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($738 per ton), while the price for India ($301 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+18.8%), while the prices for the other major suppliers experienced a decline.
Broken Rice Price in Cameroon (FOB) - 2022
The average broken rice export price stood at $757 per ton in 2022, with an increase of 13% against the previous year. Over the period under review, the export price showed a prominent increase. The pace of growth was the most pronounced in 2016 an increase of 44% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($2,285 per ton), while the average price for exports to Chad ($68 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 Nigeria (+20.6%), while the prices for the other major destinations experienced mixed trend patterns.
Broken Rice Imports in Cameroon
In 2022, the amount of broken rice imported into Cameroon soared to 77K tons, increasing by 25% compared with 2021 figures. In general, imports showed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 79% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, broken rice imports surged to $32M in 2022. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 62% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Broken Rice in Cameroon (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 13.7 | 11.6 | 11.6 | 12.7 | -2.5% |
| India | 0.2 | 0.6 | 0.8 | 3.2 | 152.0% |
| United States | 0.7 | 0.8 | 1.3 | 1.2 | 19.7% |
| Vietnam | 3.6 | 2.1 | 2.0 | 0.7 | -42.1% |
| Pakistan | 0.1 | 0.2 | 0.3 | 0.3 | 44.2% |
| Others | 0.1 | 0.2 | 9.1 | 13.9 | 418.0% |
| Total | 18.3 | 15.5 | 25.1 | 32.1 | 20.6% |
Top Suppliers of Broken Rice to Cameroon in 2022:
- Thailand (29.6K tons)
- India (10.8K tons)
- Vietnam (1.9K tons)
- United States (1.6K tons)
- Pakistan (0.7K tons)
Broken Rice Exports in Cameroon
In 2022, after three years of growth, there was decline in shipments abroad of broken rice, when their volume decreased by -3.5% to 518 tons. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 2,105% against the previous year.
In value terms, broken rice exports amounted to $392K in 2022. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 2,619%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Broken Rice in Cameroon (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Central African Republic | 2.1 | 76.1 | 246 | 305 | 425.6% |
| Nigeria | 3.4 | 76.4 | 111 | 83.1 | 190.2% |
| Congo | 0.2 | 2.0 | 1.2 | 3.6 | 162.1% |
| Chad | N/A | 0.7 | 0.8 | 0.4 | -24.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.7 | 155 | 359 | 392 | 309.7% |
Top Export Markets for Broken Rice from Cameroon in 2022:
- Central African Republic (461.9 tons)
- Nigeria (36.4 tons)
- Congo (14.4 tons)
- Chad (5.8 tons)
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