Home West Africa Cameroon’s Fertilizer Export Dropped by 58% in 2023

Cameroon’s Fertilizer Export Dropped by 58% in 2023

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Cameroon’s Fertilizer Export Dropped by 58% in 2023

(3 Minutes Read)

Cameroon’s fertilizer exports dropped drastically by 58% in 2023, totaling 1,286 tons for just over one billion CFA francs in revenue, according to the National Institute of Statistics (INS) report on foreign trade that year. This decline marks a significant drop from CFA2.5 billion generated in 2022 from the sale of 3,910 tons of fertilizers.

Cameroon’s fertilizer exports plummeted by 58% in 2023, totaling 1,286 tons for just over one billion CFA francs in revenue, according to the National Institute of Statistics (INS) report on foreign trade that year. This decline marks a significant drop from CFA2.5 billion generated in 2022 from the sale of 3,910 tons of fertilizers.

The decrease in fertilizer exports reflects a loss of market share within the Cemac region, notably to neighboring countries like Gabon, Equatorial Guinea, and the Central African Republic (CAR), where Cameroonian pesticide sector operators now primarily sell their products, apart from the local market.

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https://trendsnafrica.com/cameroons-trade-with-africa-yet-to-pick-up-despite-afcfta-implementation/

https://trendsnafrica.com/cameroon-inflation-exceeds-the-cemac-threshold-in-major-cities/

Cameroon currently lacks any industrial units specialized in fertilizer production, relying heavily on imports of this agricultural input. Instead, the country hosts several major distributors who exclusively market foreign brands. The most recent agreement in this regard was announced on July 12, 2023, when Norwegian firm Yara International sold 65% of its Cameroonian subsidiary to Cameroonian group Noutchogouin Jean Samuel (NJS). This made NJS the sole shareholder of Yara Cameroon (having already held 35% of its assets) and the exclusive distributor of Yara’s fertilizers in Cameroon, with operations extending across the Cemac region.