DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/7vjkl7/cameroon_agribusin) has announced the addition of the "Cameroon Agribusiness Report Q2 2012" report to their offering.
BMI View: Cameroon should enjoy a decent 2011/12 agricultural year on the back of positive production growth for most agriculture commodities. Coffee is predicted to show the strongest growth trajectory through to 2016, although production growth rates are also expected to be relatively robust for sugar, cocoa and corn. Cameroon's cocoa and coffee industries are both benefiting from increased investment, improved industry fundamentals and better macroeconomic conditions. The government should also continue in its drive to keep corn imports down by focusing on increasing output. Demand growth for agriculture commodities will be supported by an economy that is forecast to expand at an average annual rate of 4.4% to 2016 on the back of a well-established Food And Drinks Sector and a positive consumer outlook.
Key Industry Forecasts
- Cocoa production growth to 2015/16: 3.34% to 244,900 tonnes. Over our five-year forecast, we also expect to see a steady rise in Cameroonian cocoa exports. We believe that improved production techniques will give Cameroonian cocoa farmers new opportunities to sell greater quantities of beans on international markets.
- Coffee production growth to 2015/16: 85.6% increase to 1.06mn 60kg bags. We maintain our forecast for a 31.6% increase in production in 2011/12; this will see output rise to 750,000 60kg bags. A combination of domestic and foreign investment should help to build extra production capacity in the industry.
- Corn consumption growth to 2016: 23.0% to 1.66mn tonnes. Most domestic demand for corn is currently met by domestic production. However, in the latter years of our forecast, we expect to see a growing reliance on imported corn.
Key Macroeconomic Forecasts
- Cameroon's real GDP growth 2012: 4.3% (up from 3.7% in 2011; forecast to grow at an average 4.4% between 2011 and 2016.)
- Cameroon's consumer price inflation 2012: 2.5% (same as 2.5% in 2011; forecast to grow at an average 2.6% between 2011 and 2016.)
- Cameroon's unemployment rate 2012: 7.6% (same as 2.5% in 2011; forecast to grow at an average 2.6% between 2011 and 2016.)
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