Africa: Butter And Ghee Market 2024

Butter And Ghee Market Size in Africa

The African butter and ghee market rose rapidly to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Butter And Ghee Production in Africa

In value terms, butter and ghee production shrank to $X in 2022 estimated in export price. In general, production showed a strong expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

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Butter And Ghee Exports

Exports in Africa

In 2022, exports of butter and ghee in Africa expanded remarkably to X tons, increasing by X% against the previous year. In general, exports, however, saw a pronounced descent. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, butter and ghee exports reached $X in 2022. Total exports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, South Africa (X tons) and Uganda (X tons) represented the main exporters of butter and ghee in Africa, together generating X% of total exports. It was distantly followed by Egypt (X tons), generating a X% share of total exports. The following exporters - Kenya (X tons), Angola (X tons) and Ghana (X tons) - together made up X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Uganda (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) remains the largest butter and ghee supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Uganda ($X), with a X% share of total exports. It was followed by Egypt, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa was relatively modest. In the other countries, the average annual rates were as follows: Uganda (X% per year) and Egypt (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, with a decrease of X% against the previous year. Export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Angola (X%), while the other leaders experienced more modest paces of growth.

Butter And Ghee Imports

Imports in Africa

In 2022, butter and ghee imports in Africa dropped modestly to X tons, approximately reflecting the previous year. Overall, imports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, butter and ghee imports soared to $X in 2022. In general, imports continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Egypt (X tons) and Morocco (X tons) were the key importers of butter and ghee in 2022, accounting for approx. X% and X% of total imports, respectively. Libya (X tons) ranks next in terms of the total imports with an X% share, followed by Algeria (X%) and South Africa (X%). The following importers - Ghana (X tons), Nigeria (X tons), Mauritania (X tons), Mauritius (X tons), Cote d'Ivoire (X tons), Burkina Faso (X tons) and Angola (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Burkina Faso (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), Morocco ($X) and Libya ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Algeria, South Africa, Mauritius, Ghana, Nigeria, Cote d'Ivoire, Angola, Burkina Faso and Mauritania lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Cote d'Ivoire, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2017 when the import price increased by X%. The level of import peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mauritius ($X per ton), while Mauritania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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