Africa: Market for Cereal Grain Products (Including Corn Flakes) 2024

Market Size for Cereal Grain Products (Including Corn Flakes) in Africa

The African market for cereal grain products (including corn flakes) rose slightly to $X in 2022, picking up by X% against the previous year. In general, consumption posted a resilient expansion. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Cereal Grain Products (Including Corn Flakes) in Africa

In value terms, corn flakes and cereal products production rose to $X in 2022 estimated in export price. Over the period under review, production enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Cereal Grain Products (Including Corn Flakes)

Exports in Africa

In 2022, the amount of cereal grain products (including corn flakes) exported in Africa soared to X tons, rising by X% on 2021 figures. Overall, exports saw a resilient expansion. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, corn flakes and cereal products exports soared to $X in 2022. Over the period under review, exports posted buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

South Africa represented the largest exporting country with an export of about X tons, which reached X% of total exports. Uganda (X tons) took the second position in the ranking, followed by Zambia (X tons), Egypt (X tons), Senegal (X tons) and Botswana (X tons). All these countries together took approx. X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to corn flakes and cereal products exports from South Africa stood at X%. At the same time, Senegal (X%), Botswana (X%), Uganda (X%), Egypt (X%) and Zambia (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Uganda (X p.p.), Senegal (X p.p.), Botswana (X p.p.) and Egypt (X p.p.) significantly strengthened its position in terms of the total exports, while Zambia and South Africa saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the largest corn flakes and cereal products supplying countries in Africa were South Africa ($X), Egypt ($X) and Zambia ($X), with a combined X% share of total exports. Senegal, Uganda and Botswana lagged somewhat behind, together accounting for a further X%.

Senegal, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 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 failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Botswana ($X per ton) was amongst the lowest.

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

Imports of Cereal Grain Products (Including Corn Flakes)

Imports in Africa

After two years of growth, overseas purchases of cereal grain products (including corn flakes) decreased by X% to X tons in 2022. Total imports indicated a noticeable expansion from 2012 to 2022: its volume 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 was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then contracted in the following year.

In value terms, corn flakes and cereal products imports expanded significantly to $X in 2022. Total imports indicated a strong 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, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

In 2022, Nigeria (X tons), distantly followed by South Africa (X tons), Ghana (X tons), Morocco (X tons) and Botswana (X tons) were the main importers of cereal grain products (including corn flakes), together constituting X% of total imports. Burkina Faso (X tons), Lesotho (X tons), Ethiopia (X tons), Swaziland (X tons), Angola (X tons), Namibia (X tons), Senegal (X tons) and Algeria (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to corn flakes and cereal products imports into Nigeria stood at X%. At the same time, Ethiopia (X%), Senegal (X%), Morocco (X%), Burkina Faso (X%), Ghana (X%), Lesotho (X%), Angola (X%), Algeria (X%), Swaziland (X%) and Namibia (X%) displayed positive paces of growth. Moreover, Ethiopia emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Botswana experienced a relatively flat trend pattern. By contrast, South Africa (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria, Ethiopia, Morocco, Ghana, Burkina Faso and Senegal increased by X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported cereal grain products (including corn flakes) in Africa, comprising X% of total imports. The second position in the ranking was taken by Morocco ($X), with a X% share of total imports. It was followed by Botswana, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Morocco (X% per year) and Botswana (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Nigeria ($X per ton), while Burkina Faso ($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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