Tridge Guide Post

What are the export trends (in terms of volume and value) of Cameroon cocoa?

Cocoa Bean

Cameroon

By Jinwoo Cheon

Updated 2023년 10월 25일

There was a 20% increase in the volume of Cameroon cocoa exported in 4 years. The export value, however, stayed about the same due to the fact that its price has decreased in 4 years, dropping from USD 2.8/KG to USD 1.8/KG.

According to Trade Map data, Cameroon's cocoa exports have been increasing in both volume and value in recent years.

Volume

2020: 308,000 MT

2021: 330,000 MT

2022 (YTD): 342,000 MT

Value

2020: $563 million

2021: $600 million

2022 (YTD): $630 million

The Netherlands is the largest export market for Cameroon cocoa, accounting for over half of total exports in volume and value. Malaysia, Singapore, Indonesia, and Germany are also major buyers of Cameroonian cocoa.

The growth in Cameroon's cocoa exports is due to a number of factors, including:

Increasing demand for cocoa beans from chocolate manufacturers around the world.

Improving quality of Cameroonian cocoa beans.

Government support for the cocoa sector.

The Cameroonian government has implemented a number of initiatives to support the cocoa sector, including:

Providing subsidies to cocoa farmers.

Investing in research and development to improve cocoa bean quality.

Promoting Cameroonian cocoa beans to international buyers.

The growth of Cameroon's cocoa exports is a positive development for the country's economy. Cocoa exports are a major source of foreign exchange earnings and employment for rural communities.

Source: Trade Map

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