Consumer durables is a cataloguing of consumer goods that are not essential to be bought very often as they are fashioned in a way so as to last for an extended period of time. Profits in the consumer durables sector were most profoundly…
BMI View: We have not made significant revisions to our forecast outlook in this Q4 2016 quarterly
update. We hold the view that cocoa remains Cameroon's most important cash crop. We hold a positive
view on the country's cocoa production as it has ample room for growth and an increasingly stable access
to export markets. Over the remainder of our forecast period to 2019/20, we believe improved production
techniques will give cocoa farmers new opportunities to sell greater quantities of beans on international
markets. More broadly, we see growth in the production and consumption of all key soft commodities in
Cameroon, including sugar and coffee. Increasing government support will help to maintain investment and
growth in these crops.
? Corn production growth 2014/15 to 2019/20: 9.4% to 1.75mn tonnes. Corn is Cameroon's most
significant grain crop and a major food staple in the country. Production will continue to see growth out
to 2020 on the back of increased investment, relatively high prices and the growing use of improved
? Cocoa production growth 2014/15 to 2019/20: 14.2% to 265,000 tonnes. Cocoa is the most important
cash crop in Cameroon, the world's fifth largest producer. We hold a bullish view on the country's cocoa
production as it has ample room for growth and an increasingly stable access to export markets.
Meanwhile, we expect household demand for cocoa to increase consistently over our forecast period.
? 2016 real GDP growth: 5.3% (down from 5.7% in 2015).