Price for Butter and Other Fats and Oils Derived from Milk in Cameroon - 2022

Contents:

  1. Price for Butter and Other Fats and Oils Derived from Milk in Cameroon (CIF) - 2022
  2. Price for Butter and Other Fats and Oils Derived from Milk in Cameroon (FOB) - 2022
  3. Imports of Butter and Other Fats and Oils Derived from Milk in Cameroon
  4. Exports of Butter and Other Fats and Oils Derived from Milk in Cameroon

Price for Butter and Other Fats and Oils Derived from Milk in Cameroon (CIF) - 2022

In 2022, the average import price for butter and other fats and oils derived from milk amounted to $5,439 per ton, declining by -1.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2017 an increase of 22%. Over the period under review, average import prices reached the maximum at $5,630 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 Netherlands ($9,457 per ton), while the price for Tunisia ($986 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Butter and Other Fats and Oils Derived from Milk in Cameroon (FOB) - 2022

The average export price for butter and other fats and oils derived from milk stood at $1,288 per ton in 2022, with an increase of 2.8% against the previous year. Over the period under review, the export price, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 78% against the previous year. The export price peaked at $1,881 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Central African Republic ($1,288 per ton), while the average price for exports to Congo totaled $1,192 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Central African Republic (-0.6%).

Imports of Butter and Other Fats and Oils Derived from Milk in Cameroon

In 2022, the amount of butter and other fats and oils derived from milk imported into Cameroon skyrocketed to 221 tons, increasing by 133% compared with the previous year's figure. Overall, imports, however, showed a abrupt setback.

In value terms, imports of butter and other fats and oils derived from milk soared to $1.2M in 2022. Over the period under review, imports, however, continue to indicate a abrupt decline.

Import of Butter and Other Fats and Oils Derived from Milk in Cameroon (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France1,6641,7154841,044-14.4%
Belgium8.712.62.486.7115.2%
Netherlands11.270.413.912.74.3%
Tunisia13.17.33.88.2-14.5%
Others78.376.922.251.9-12.8%
Total1,7761,8825261,204-12.2%

Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Cameroon in 2022:

  1. France (144.5 tons)
  2. Belgium (52.9 tons)
  3. Tunisia (8.3 tons)
  4. Netherlands (1.3 tons)

Exports of Butter and Other Fats and Oils Derived from Milk in Cameroon

Exports of butter and other fats and oils derived from milk from Cameroon surged to 2.6 tons in 2022, growing by 28% compared with 2021. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 2,059% against the previous year. As a result, the exports reached the peak of 3.5 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of butter and other fats and oils derived from milk skyrocketed to $3.4K in 2022. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2020 with an increase of 1,950%. As a result, the exports reached the peak of $4.2K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Butter and Other Fats and Oils Derived from Milk in Cameroon (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Central African Republic45.02,5301,7923,331319.9%
Congo48.072330631.0-13.6%
France63.05371246.0-54.3%
United States44.024296.04.0-55.0%
GermanyN/AN/A18.0N/A0%
CanadaN/AN/A50.0N/A0%
Others4.0149176N/A563.3%
Total2044,1812,5623,372154.7%

Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Cameroon in 2022:

  1. Central African Republic (2587.0 kg)
  2. Congo (26.0 kg)
  3. United States (2.0 kg)
  4. France (2.0 kg)

Source: IndexBox Market Intelligence Platform

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