CAMEROONIAN MARKET: MAIN SECTORS
Due to its abundant natural resources, Cameroon stands as a major global producer of goods like cocoa, coffee, bananas, palm products, tobacco, rubber, cotton, maize, and cassava. The primary sector contributes to more than 14% of the GDP and employs almost 46% of the active population (World Bank). Before the development of the oil trade (which alone represents over 8% of the GDP), agriculture was the country´s main economic driver. Coffee and cocoa production, which is concentrated in the English-speaking regions, suffers from political instability in the area. Fishing and forestry are two of the country´s additional significant activities. The country has high-value varieties of timber. In addition to oil and gas, Cameroon´s resources include bauxite ore and iron. LNG production is expected to offset the gradual decline in crude oil production.
The secondary sector accounts for more than a quarter of the GDP and employs 14% of the workforce. The country´s main industries are food processing, sawmill, the manufacture of light consumer goods and textiles.
The tertiary sector accounts for more than half of the GDP (51.6%) and employs around 40% of the active population. It benefits from the economic activity created around large-scale energy projects. The services sector is booming, driven by the sectors of telecommunications, air traffic and transport.
Type of Production
For the resources for businesses on managing the manufacturing and the supply chain risk due to the outbreak of the Covid19 pandemic, please consult the report COVID-19: Managing supply chain risk and disruption (Deloitte Canada, 2020), as well as the insights on COVID-19: How to fortify your supply chain (Kearney, 2020).
The World Economic Forum´s COVID Action Platform provides useful information on the latest strategic trends regarding COVID-19 implications for businesses, including manufacturing and supply systems. The report Outbreak Readiness and Business Impact (World Economic Forum in collaboration with the Harvard Global Health Institute) offers insights on handling coronavirus by businesses and strategies for effective response and resilience.
The Cameroonian industry is essentially based on the Heavy Industries. Production is oriented towards oil-producing products, refinement, aluminum production, food-processing, textiles, wood industry and ship repairing.