What is the price of cocoa beans per kilogram/pound in Cameroon today?
The retail price range for Cameroon cocoa beans is between US$ 3.64 and US$ 6.62 per kilogram or between US$ 1.65 and US$ 3.00 per pound(lb). Click here to see today's exact prices of cocoa beans in Cameroon
The retail price range in CFA Franc BEAC for cocoa beans is between XAF 2,275.09 and XAF 4,136.53 per kilogram or between XAF 1,031.79 and XAF 1,875.98 per pound(lb) in Yaoundé and Douala.
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In 2024, the approximate wholesale price range for Cameroon cocoa beans is between US$ 2.55 and US$ 4.63 per kilogram or between US$ 1.16 and US$ 2.10 per pound(lb).
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Cameroon Cocoa Beans Export Prices - Historical, Trends and Prediction
The export price per kilogram of Cocoa Beans from Cameroon has seen a steady decline over the last five years. In 2016, the price was 2.54 US $ per kg, and in 2021, it was 2.27 US $ per kg. This represents a decrease of 11.2% over the five-year period. Looking ahead, we can predict that the export price per kilogram of Cocoa Beans from Cameroon will remain relatively stable, with prices of 2.25 US $ per kg in 2023 and 2.27 US $ per kg in 2024.The cocoa beans exports from Cameroon are classified as:
- Cocoa beans, whole or broken, raw or roasted (HS code 180100)
Cameroon Cocoa Beans Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cocoa Beans into Cameroon has seen a fluctuating trend over the last five years. In 2017, the price was at its lowest at $1.82 per kg, before increasing to $2.93 in 2014. The price then dropped to $2.54 in 2016, before rising again to $3.22 in 2015. In 2020, the price was at $2.25 per kg, before dropping slightly to $2.27 in 2021. Looking ahead, it is likely that the import price per kilogram of Cocoa Beans into Cameroon will remain relatively stable in the next two years. We predict that the price will be $2.27 in 2023 and $2.25 in 2024.Export values for Cameroon cocoa beans
The total values in export for cocoa beans in Cameroon were US$ 669,606, US$ 403,021, US$ 519,504 and US$ 682,146 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Cameroon: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of cocoa beans in other countries across Africa: Algeria cocoa beans, Angola cocoa beans, Botswana cocoa beans, Burundi cocoa beans, Cameroon cocoa beans, Cape Verde cocoa beans, Central African Republic cocoa beans, Comoros cocoa beans, DRC Congo cocoa beans & Benin cocoa beans.
Cameroon cocoa beans - Production, Exports, Imports, Seasons and HS Codes
In 2019 Cameroon sold 317,634 tonnes of cocoa beans. For 2019 alone, the demand for Cameroon cocoa beans (processed category) has gone up, flactuating by 29.032 per cent compared to the year 2018. Between 2017 and 2019, cocoa beans' exports grew by 43.29 pc netting the nation US$682.15m for the year 2019. Cameroon's cocoa beans exports are classified as:
- Cocoa beans, whole or broken, raw or roasted (HS code 180100)
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Cameroon cocoa beans export values
In 2019, Cameroon sold cocoa beans valued at 682.15m USD, an increase of 31.31% from 2018's total cocoa beans export of 519.504m USD. The annual increase in value of Cameroon cocoa beans between 2017 to 2018 was 28.902 pc.
The yearly change in the quantity of Cameroon's cocoa beans exports between 2017 and 2019 was 43.29% when compared to a variation of 29.032% in the growth rate between 2018 and 2019.
Export markets for Cameroon cocoa beans ( in '000$ )
Cameroon's leading destinations for cocoa beans are the Netherlands, Malaysia, Indonesia, Singapore and Turkey.
Cameroon procured 120 tonnes of cocoa beans in 2019.
Production
The production of cocoa beans in Cameroon was 280,000 tonnes in 2019 and is projected to change by an average of 12.04%. The country had an estimated 672,745.00 hectares under cocoa beans cultivation.
Cameroon government raises cocoa beans farm gate prices by 25%
In October of 2023, the government of Cameroon increased the guaranteed cocoa bean farm gate price by 25%, to CFA Francs 1500 ($2.47) per kg. Given the volatility of the commodity in recent years, this is a welcome set minimum. For instance in October 2022, the farmer’s price per kilo in Cameroon had gone down to 750 CFA Francs ($1.20). Luckily for farmers, the price raise has held this time round into 2024 due to the reigning global shortage of the commodity which has led to a sharp increase in the price of cocoa beans.
Cameroon produced 290,000 tonnes of whole cocoa beans in the 2022-23 market year and expects to top this in the 2023-24 period, to 300,000 tonnes.
In 2021, the country ranked fourth in cocoa exports, totaling 212.681 million tonnes, behind Côte d’Ivoire, Ecuador and Nigeria, according to the World Bank.