Cameroon’s cocoa sector boasts record earnings of over CFA460bn in 2022 amid export surge

Cameroon’s cocoa and its derivatives have brought substantial earnings to the sector, with exports generating a total of CFA463.6 billion in 2022, according to data from the National Institute of Statistics (INS). This represents a significant increase of CFA72 billion compared to 2021 when exports of the same products yielded CFA391.7 billion. This strong performance highlights the growing profitability of Cameroon’s cocoa industry on the international market. The bulk of 2022’s revenue, amounting to more than CFA318 billion, came from the export of raw cocoa beans, with international shipments totaling 235,451 tons. This marked an 18% increase from the previous…