Key Market Indicators
Cameroon's palm oil consumption is set to reach 128,000 metric tons by 2026, according to the latest figures. This is up from 125,000 metric tons in 2021, representing an average annual growth rate of 0.4%. Since 2017, demand has risen by 0.5% each year. In 2021, Cameroon was ranked 25th, with Iraq overtaking it at 125,000 metric tons. India, Indonesia, and Nigeria respectively came in at second, third, and fourth place. Cameroon's palm oil production is also predicted to reach 292,000 metric tons by 2026. This is up from 277,000 metric tons in 2021, representing an average annual growth rate of 0.9%. Since 1966, supply has increased by 2.1% each year. In 2021, Cameroon was ranked 13th, with Ghana overtaking it at 277,000 metric tons. Malaysia, Thailand, and Colombia respectively ranked second, third, and fourth in this ranking.
