Cameroon - Crude Petroleum Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Oil Price in Cameroon - 2022
Contents:
- Crude Oil Price in Cameroon (FOB) - 2022
- Crude Oil Price in Cameroon (CIF) - 2022
- Crude Oil Exports in Cameroon
- Crude Oil Imports in Cameroon
Crude Oil Price in Cameroon (FOB) - 2022
In 2022, the average crude oil export price amounted to $384 per ton, declining by -21% against the previous year. Overall, the export price showed a drastic downturn. The most prominent rate of growth was recorded in 2021 an increase of 54%. The export price peaked at $854 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($463 per ton), while the average price for exports to the United States ($269 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 the Netherlands (-2.1%), while the prices for the other major destinations experienced a decline.
Crude Oil Price in Cameroon (CIF) - 2022
The average crude oil import price stood at $512 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by 34%. Over the period under review, average import prices attained the maximum at $886 per ton in 2012; however, from 2013 to 2022, import prices stood 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 Equatorial Guinea ($912 per ton), while the price for Nigeria totaled $512 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Equatorial Guinea (-1.1%).
Crude Oil Exports in Cameroon
Crude oil exports from Cameroon skyrocketed to 4.5M tons in 2022, with an increase of 24% compared with the previous year. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +5.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -16.0% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 39%. As a result, the exports reached the peak of 5.3M tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, crude oil exports reduced to $1.7B in 2022. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 3.8% against the previous year. As a result, the exports reached the peak of $1.7B, and then shrank modestly in the following year.
| Export of Crude Oil in Cameroon (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 347 | 495 | 629 | 346 | -0.1% |
| India | 208 | 37.7 | 264 | 327 | 16.3% |
| Netherlands | 131 | 278 | 114 | 314 | 33.8% |
| France | 85.4 | 83.4 | 41.2 | 224 | 37.9% |
| Spain | 189 | 181 | 166 | 137 | -10.2% |
| Italy | 290 | 198 | 181 | 133 | -22.9% |
| United States | 141 | 30.5 | 42.6 | 39.2 | -34.7% |
| Canada | 79.9 | 103 | 59.8 | 32.9 | -25.6% |
| Others | 234 | 274 | 246 | 159 | -12.1% |
| Total | 1,706 | 1,680 | 1,744 | 1,712 | 0.1% |
Top Export Markets for Crude Oil from Cameroon in 2022:
- China (1155.1K tons)
- India (758.4K tons)
- Netherlands (713.9K tons)
- France (483.9K tons)
- Spain (330.6K tons)
- Italy (299.1K tons)
- United States (145.8K tons)
- Canada (105.9K tons)
Crude Oil Imports in Cameroon
After two years of decline, supplies from abroad of crude petroleum oil increased by 6.3% to 603K tons in 2022. Over the period under review, imports, however, continue to indicate a abrupt shrinkage.
In value terms, crude oil imports totaled $308M in 2022. Overall, imports, however, saw a abrupt decrease.
| Import of Crude Oil in Cameroon (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 373 | 327 | 287 | 307 | -6.3% |
| Others | 2.2 | 1.7 | 1.4 | 1.4 | -14.0% |
| Total | 375 | 329 | 288 | 308 | -6.4% |
Top Suppliers of Crude Oil to Cameroon in 2022:
- Nigeria (599.6K tons)
This report provides an in-depth analysis of the crude 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:
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
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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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This report provides an in-depth analysis of the crude oil market in Cameroon.
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This report provides an in-depth analysis of the market for crude oil and processed petroleum in Cameroon.
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This report provides an in-depth analysis of the global crude oil market.
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This report provides an in-depth analysis of the global market for crude oil and processed petroleum.
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This report provides an in-depth analysis of the crude oil market in Cameroon.
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This report provides an in-depth analysis of the market for crude oil and processed petroleum in Cameroon.
411
This report provides an in-depth analysis of the global crude oil market.
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This report provides an in-depth analysis of the global market for crude oil and processed petroleum.
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Explore the top import markets for crude oil and examine key statistics related to their import value. China, the United States, and India lead the pack.
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Explore the top import markets for crude oil and examine key statistics related to their import value. China, the United States, and India lead the pack.
