Africa: Cream Market 2021

Cream Market Size in Africa

The African cream market expanded significantly to $X in 2020, rising by X% against the previous year. The total consumption indicated a buoyant increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2009 when the market value increased by X% y-o-y. The level of consumption peaked in 2020 and is likely to see steady growth in years to come.

Cream Production in Africa

In value terms, cream production expanded remarkably to $X in 2020 estimated in export prices. The total production indicated a strong increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2007 indices. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. Over the period under review, production attained the peak level in 2020 and is expected to retain growth in the near future.

Production By Country in Africa

The countries with the highest volumes of cream production in 2020 were Ethiopia (X tons), Democratic Republic of the Congo (X tons) and Nigeria (X tons), with a combined X% share of total production. Egypt, Tanzania, Sudan, South Africa, Kenya, Uganda, Algeria, Mozambique, Madagascar and Niger lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of cream production, amongst the main producing countries, was attained by Mozambique, while cream production for the other leaders experienced more modest paces of growth.

Cream Exports

Exports in Africa

In 2020, shipments abroad of cream increased by X% to X tons, rising for the ninth year in a row after two years of decline. Overall, exports recorded strong growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. The volume of export peaked in 2020 and is expected to retain growth in the near future.

In value terms, cream exports totaled $X in 2020. In general, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. The level of export peaked in 2020 and is expected to retain growth in the immediate term.

Exports by Country

In 2020, South Africa (X tons) represented the largest exporter of cream, constituting X% of total exports. Tunisia (X tons) held the second position in the ranking, distantly followed by Egypt (X tons). All these countries together took approx. X% share of total exports. Uganda (X tons) held a minor share of total exports.

South Africa was also the fastest-growing in terms of the cream exports, with a CAGR of +X% from 2007 to 2020. At the same time, Uganda (+X%) and Tunisia (+X%) displayed positive paces of growth. By contrast, Egypt (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of South Africa increased by +X% percentage points, while Tunisia (-X p.p.) and Egypt (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2020, the average annual growth rate of value in South Africa amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Tunisia (+X% per year) and Egypt (+X% per year).

Export Prices by Country

In 2020, the cream export price in Africa amounted to $X per ton, declining by -X% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2009 when the export price increased by X% against the previous year. Over the period under review, export prices hit record highs at $X per ton in 2012; however, from 2013 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Egypt ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Egypt, while the other leaders experienced mixed trends in the export price figures.

Cream Imports

Imports in Africa

In 2020, supplies from abroad of cream increased by X% to X tons, rising for the eighth consecutive year after three years of decline. Overall, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The volume of import peaked in 2020 and is likely to continue growth in years to come.

In value terms, cream imports rose remarkably to $X in 2020. Total imports indicated a tangible expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2011 indices. The pace of growth appeared the most rapid in 2016 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure in 2020 and are likely to continue growth in the immediate term.

Imports by Country

In 2020, Libya (X tons), Angola (X tons) and Swaziland (X tons) was the main importer of cream in Africa, mixing up X% of total import. It was distantly followed by South Africa (X tons) and Nigeria (X tons), together achieving a X% share of total imports. Morocco (X tons) and Democratic Republic of the Congo (X tons) took a little share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Swaziland, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cream importing markets in Africa were Libya ($X), Swaziland ($X) and Morocco ($X), with a combined X% share of total imports.

In terms of the main importing countries, Swaziland 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 cream import price in Africa stood at $X per ton in 2020, remaining stable against the previous year. Over the period under review, the import price recorded a mild shrinkage. The most prominent rate of growth was recorded in 2008 when the import price increased by X% year-to-year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Morocco ($X per ton), while Angola ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Morocco, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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