Cameroon: Rice Market 2024

Rice Market Size in Cameroon

The Cameroonian rice market rose to $X in 2022, growing by X% against the previous year. Over the period under review, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Rice consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Rice Production in Cameroon

In value terms, rice production fell to $X in 2022 estimated in export price. Overall, production showed a mild decline. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

In 2022, the average yield of rice in Cameroon amounted to X tons per ha, almost unchanged from the year before. Overall, the yield, however, showed a mild descent. The most prominent rate of growth was recorded in 2016 when the yield increased by X%. The rice yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of rice were harvested in Cameroon; declining by X% on the year before. Over the period under review, the harvested area, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. The rice harvested area peaked at X ha in 2021, and then shrank in the following year.

Rice Exports

Exports from Cameroon

In 2022, approx. X tons of rice were exported from Cameroon; dropping by X% against 2021 figures. Overall, exports, however, showed resilient growth. The growth pace was the most rapid in 2013 when exports increased by X%. The exports peaked at X tons in 2021, and then contracted remarkably in the following year.

In value terms, rice exports reduced remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

Chad (X tons), Central African Republic (X tons) and Nigeria (X tons) were the main destinations of rice exports from Cameroon, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Chad (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Chad ($X) remains the key foreign market for rice exports from Cameroon, comprising X% of total exports. The second position in the ranking was taken by Central African Republic ($X), with a X% share of total exports. It was followed by Nigeria, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Chad amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Central African Republic (X% per year) and Nigeria (X% per year).

Export Prices by Country

In 2022, the average rice export price amounted to $X per ton, jumping by X% against the previous year. Overall, the export price recorded a slight expansion. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Chad ($X per ton), while the average price for exports to Sao Tome and Principe ($X 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 Chad (X%), while the prices for the other major destinations experienced more modest paces of growth.

Rice Imports

Imports into Cameroon

In 2022, approx. X tons of rice were imported into Cameroon; rising by X% against 2021 figures. In general, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, rice imports expanded sharply to $X in 2022. Over the period under review, total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) constituted the largest rice supplier to Cameroon, accounting for a X% share of total imports. Moreover, rice imports from India exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. Myanmar (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Myanmar (X% per year).

In value terms, India ($X), Thailand ($X) and Myanmar ($X) were the largest rice suppliers to Cameroon, with a combined X% share of total imports. The United States, China, Vietnam and Pakistan lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average rice import price amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 the United States ($X per ton), while the price for Myanmar ($X 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 (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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