Cameroon's cocoa beans and derivatives exports to grow 10.4% in 2023

Published 2024년 5월 28일

Tridge summary

Cameroon's cocoa exports increased by 10.4% in 2023, generating 512 billion CFA francs (about 850 million US dollars), according to the Cameroon National Statistics Bureau. Despite a decrease in cocoa bean exports by 55,000 tons, the export value rose by 12.9% due to a surge in the international price of cocoa beans, attributed to a decline in production in Ghana and Côte d'Ivoire. Additionally, Cameroon exported 73,000 tons of cocoa derivatives, including 49,000 tons of cocoa paste and 24,000 tons of cocoa butter, with the export value totaling 153 billion CFA francs (about 260 million US dollars).

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The "Invest in Cameroon" website reported on May 23 that the "Cameroon Foreign Trade Report 2023" released by the Cameroon National Statistics Bureau (INS) showed that Cameroon exported 512 billion CFA francs (about 850 million US dollars) of cocoa beans and their derivatives in 2023, an increase of 10.4% year-on-year. During the same period, Cameroon exported 180,000 tons of cocoa beans, a decrease of 55,000 tons year-on-year; the export value was 359 billion CFA francs (about 600 million US dollars), an increase of 12.9% year-on-year, accounting for 12% of Cameroon's total exports. The main reason for the increase in export value is the decline in production in Ghana and Côte d'Ivoire, the two major cocoa bean exporters, which led to an increase in the price of cocoa beans in the international market. In 2023, Cameroon exported 73,000 tons of ...

Source: Foodmate