Africa: Cream Fresh Market 2024

Cream Fresh Market Size in Africa

In 2022, the African cream fresh market decreased by X% to $X, falling for the second consecutive year after three years of growth. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Cream Fresh Production in Africa

In value terms, cream fresh production totaled $X in 2022 estimated in export price. The total production indicated measured growth 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

The countries with the highest volumes of production in 2022 were Tunisia (X tons), Kenya (X tons) and South Africa (X tons), with a combined X% share of total production. Egypt, Morocco, Zimbabwe and Botswana lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Morocco (with a CAGR of X.6%), while production for the other leaders experienced more modest paces of growth.

Cream Fresh Exports

Exports in Africa

In 2022, overseas shipments of cream fresh increased by X% to X tons, rising for the third year in a row after three years of decline. In general, exports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, cream fresh exports skyrocketed to $X in 2022. Over the period under review, exports posted strong growth. The pace of growth appeared the most rapid in 2016 when exports increased by X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, South Africa (X tons) represented the largest exporter of cream fresh, mixing up X% of total exports. Tunisia (X tons) ranks second in terms of the total exports with a X% share, followed by Morocco (X%), Zimbabwe (X%) and Egypt (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Morocco (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest cream fresh supplying countries in Africa were South Africa ($X), Morocco ($X) and Egypt ($X), with a combined X% share of total exports.

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

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 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 ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced a decline in the export price figures.

Cream Fresh Imports

Imports in Africa

In 2022, approx. X tons of cream fresh were imported in Africa; with a decrease of X% on 2021. Over the period under review, imports, however, saw temperate growth. The growth pace was the most rapid in 2014 when imports increased by X%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, cream fresh imports dropped to $X in 2022. Total imports indicated a tangible increase 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 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Libya (X tons), distantly followed by Angola (X tons), Mauritius (X tons), Morocco (X tons), Botswana (X tons) and Mozambique (X tons) were the key importers of cream fresh, together creating X% of total imports. Gabon (X tons), Somalia (X tons), Namibia (X tons), Mali (X tons), Democratic Republic of the Congo (X tons), Seychelles (X tons) and Senegal (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to cream fresh imports into Libya stood at X%. At the same time, Botswana (X%), Somalia (X%), Mali (X%), Mauritius (X%), Democratic Republic of the Congo (X%), Gabon (X%), Namibia (X%), Morocco (X%), Senegal (X%), Mozambique (X%) and Seychelles (X%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Angola experienced a relatively flat trend pattern. While the share of Mauritius (X p.p.), Botswana (X p.p.), Somalia (X p.p.), Mali (X p.p.), Democratic Republic of the Congo (X p.p.) and Morocco (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Angola (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest cream fresh importing markets in Africa were Morocco ($X), Mauritius ($X) and Libya ($X), together accounting for X% of total imports. Angola, Gabon, Somalia, Senegal, Mozambique, Mali, Seychelles, Botswana, Namibia and Democratic Republic of the Congo lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Botswana, 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

The import price in Africa stood at $X per ton in 2022, jumping by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain 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 Morocco ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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