The Cameroon grains market is expected to register a CAGR of 4.8% for the forecast period (2020-2025). The market focuses on catering to domestic demands. The grains market includes cereal crops, pulses, and oilseeds. Cameroon is not a self-sufficient country when it comes to the cereal market, as a result, various cereal crops are imported from other countries.
Maize is the most widely cultivated cereal crop with a harvest area of about 1,315,953 hectares, according to FAOSTAT, around 2.3 million metric ton of maize was produced in 2018. Among pulses, beans, followed by cowpea, and, among oilseeds, groundnut, followed by sesame, are the most widely cultivated crops in the country. Soybean is also a widely cultivated pulse crop. Groundnut production in Cameroon accounts for 594,019 metric ton, which is one of the major oil crops in Cameroon.
Key Market Trends
Increasing Demand for Animal Feed
Maize and protein concentrate traditionally comprise of more than 70% of farm-made diets. Increasing demand from the animal feed industry is putting stress on the production of maize. Increasing demand for animal products is necessitating to feed animals with a quality feed. Farmers are responding with improved yields through the adoption of high yielding varieties and hybrid seeds. This trend is expected to continue well for the coming years and this factor is expected to drive the Cameroon market for grains during the period.
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Wheat Consumption High among Cereals
The grains market can be broadly segmented into three categories, namely, cereal crops, pulses, and oilseeds. Maize, rice, sorghum, and millets are the major cereal crops, cultivated across various parts of Cameroon. Wheat is another major cereal crop, with a large consumption rate. However, it is mostly imported from other countries to meet the domestic need. In 2018, Cameroon wheat production accounts for only 234,4665 metric ton only. Therefore, the country is totally dependent on the import of wheat, which is increasing from year to year. The import value, according to the ITC trade, has increased from USD 153,144 thousand (2016) to USD 178,817 thousand (2017), which, in turn, will boost the grain market of the country during the forecast period.
Reasons to Purchase this report:
Maize is the most widely cultivated cereal crop with a harvest area of about 1,315,953 hectares, according to FAOSTAT, around 2.3 million metric ton of maize was produced in 2018. Among pulses, beans, followed by cowpea, and, among oilseeds, groundnut, followed by sesame, are the most widely cultivated crops in the country. Soybean is also a widely cultivated pulse crop. Groundnut production in Cameroon accounts for 594,019 metric ton, which is one of the major oil crops in Cameroon.
Key Market Trends
Increasing Demand for Animal Feed
Maize and protein concentrate traditionally comprise of more than 70% of farm-made diets. Increasing demand from the animal feed industry is putting stress on the production of maize. Increasing demand for animal products is necessitating to feed animals with a quality feed. Farmers are responding with improved yields through the adoption of high yielding varieties and hybrid seeds. This trend is expected to continue well for the coming years and this factor is expected to drive the Cameroon market for grains during the period.
.
Wheat Consumption High among Cereals
The grains market can be broadly segmented into three categories, namely, cereal crops, pulses, and oilseeds. Maize, rice, sorghum, and millets are the major cereal crops, cultivated across various parts of Cameroon. Wheat is another major cereal crop, with a large consumption rate. However, it is mostly imported from other countries to meet the domestic need. In 2018, Cameroon wheat production accounts for only 234,4665 metric ton only. Therefore, the country is totally dependent on the import of wheat, which is increasing from year to year. The import value, according to the ITC trade, has increased from USD 153,144 thousand (2016) to USD 178,817 thousand (2017), which, in turn, will boost the grain market of the country during the forecast period.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
Methodology
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