Price for Cereal Groats and Meal; of Wheat in Cameroon - 2022

Contents:

1. Price for Cereal Groats and Meal; of Wheat in Cameroon (CIF) - 2022
2. Price for Cereal Groats and Meal; of Wheat in Cameroon (FOB) - 2022
3. Imports of Cereal Groats and Meal; of Wheat in Cameroon
4. Exports of Cereal Groats and Meal; of Wheat in Cameroon

Price for Cereal Groats and Meal; of Wheat in Cameroon (CIF) - 2022

The average import price for cereal groats and meal; of wheats stood at $830 per ton in 2022, surging by 47% against the previous year. Overall, the import price enjoyed a moderate increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 France ($1,944 per ton), while the price for Turkey ($392 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cereal Groats and Meal; of Wheat in Cameroon (FOB) - 2022

The average export price for cereal groats and meal; of wheats stood at $699 per ton in 2022, remaining stable against the previous year. Overall, the export price recorded a strong increase. The most prominent rate of growth was recorded in 2019 an increase of 87%. The export price peaked at $965 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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 Switzerland ($1,519 per ton), while the average price for exports to France ($683 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 Switzerland (+38.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Groats and Meal; of Wheat in Cameroon

In 2022, imports of cereal groats and meal; of wheats into Cameroon declined dramatically to 869 tons, which is down by -49.6% compared with the year before. Overall, imports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2021 when imports increased by 18%.

In value terms, imports of cereal groats and meal; of wheats declined significantly to $721K in 2022. In general, imports faced a dramatic decline. The pace of growth appeared the most rapid in 2021 when imports increased by 62% against the previous year.

Top Suppliers of Cereal Groats and Meal; of Wheat to Cameroon in 2022:

1. Tunisia (407.7 tons)
2. Spain (310.7 tons)
3. Turkey (63.9 tons)
4. Italy (60.8 tons)
5. France (19.0 tons)

Exports of Cereal Groats and Meal; of Wheat in Cameroon

In 2022, approx. 4.4 tons of cereal groats and meal; of wheats were exported from Cameroon; growing by 12% against the previous year. The total export volume increased at an average annual rate of +11.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 12%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of cereal groats and meal; of wheats expanded rapidly to $3.1K in 2022. The total export value increased at an average annual rate of +12.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Cereal Groats and Meal; of Wheat from Cameroon in 2022:

1. France (4.3 tons)
2. Switzerland (0.1 tons)

Source: IndexBox Market Intelligence Platform