Cameroon: Paddy Rice Market 2024

Paddy Rice Market Size in Cameroon

The Cameroonian paddy rice market amounted to $X in 2023, remaining stable against the previous year. Overall, the total consumption indicated temperate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Paddy Rice Production in Cameroon

In value terms, paddy rice production fell to $X in 2023 estimated in export price. Over the period under review, production recorded a noticeable increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

In 2023, the average paddy rice yield in Cameroon declined modestly to X tons per ha, stabilizing at 2022 figures. Overall, the yield continues to indicate a mild slump. The pace of growth was the most pronounced in 2016 when the yield increased by X% against the previous year. The paddy rice yield peaked at X tons per ha in 2012; however, from 2013 to 2023, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the paddy rice harvested area in Cameroon rose modestly to X ha, increasing by X% compared with the previous year. Overall, the harvested area posted a resilient increase. The most prominent rate of growth was recorded in 2015 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to paddy rice production reached the maximum at X ha in 2021; however, from 2022 to 2023, the harvested area stood at a somewhat lower figure.

Paddy Rice Exports

Exports from Cameroon

In 2023, approx. X tons of paddy rice were exported from Cameroon; dropping by X% compared with the previous year's figure. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

In value terms, paddy rice exports declined rapidly to $X in 2023. Over the period under review, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

Exports by Country

Nigeria (X tons) was the main destination for paddy rice exports from Cameroon, accounting for a X% share of total exports. It was followed by Chad (X tons), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of volume to Nigeria amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chad (X% per year) and Central African Republic (X% per year).

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

From 2012 to 2023, the average annual growth rate of value to Nigeria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Central African Republic (X% per year) and Chad (X% per year).

Export Prices by Country

In 2023, the average paddy rice export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price saw a deep setback. The pace of growth was the most pronounced in 2018 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2023, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Central African Republic ($X per ton), while the average price for exports to Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Central African Republic (X%), while the prices for the other major destinations experienced mixed trend patterns.

Paddy Rice Imports

Imports into Cameroon

In 2023, approx. X tons of paddy rice were imported into Cameroon; which is down by X% against the previous year. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, paddy rice imports surged to $X in 2023. Overall, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), China (X tons) and the United States (X tons) were the main suppliers of paddy rice imports to Cameroon, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for the United States (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of paddy rice to Cameroon, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and France (X% per year).

Import Prices by Country

The average paddy rice import price stood at $X per ton in 2023, picking up by X% against the previous year. In general, the import price, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform