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Africa - Crude Soybean Oil - Market Analysis, Forecast, Size, Trends And Insights
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Africa: Crude Soybean Oil Market Overview 2021

Crude Soybean Oil Market Size in Africa

The African crude soybean oil market reached $X in 2019, increasing by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. From 2012 to 2019, the growth of the market remained at a somewhat lower figure.

Crude Soybean Oil Production in Africa

In value terms, crude soybean oil production declined to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, production attained the peak level at $X in 2018, and then dropped in the following year.

Production By Country in Africa

The countries with the highest volumes of crude soybean oil production in 2019 were Nigeria (X tonnes), Ethiopia (X tonnes) and Democratic Republic of the Congo (X tonnes), together accounting for X% of total production. Sudan, South Africa, Kenya, Tanzania, Uganda, Ghana, Niger, Cameroon, Angola and Cote d'Ivoire lagged somewhat behind, together accounting for a further X 2007 to 2019, the biggest increases were in South Africa, while crude soybean oil production for the other leaders experienced more modest paces of growth.

Crude Soybean Oil Exports

Exports in Africa

In 2019, exports of crude soybean oil in Africa stood at X tonnes, with an increase of X% against 2018. In general, exports recorded strong growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tonnes in 2010; however, from 2011 to 2019, exports stood at a somewhat lower figure.

In value terms, crude soybean oil exports rose remarkably to $X in 2019. Over the period under review, exports enjoyed pronounced growth. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. The level of export peaked at $X in 2010; however, from 2011 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Egypt (X tonnes) and South Africa (X tonnes) prevails in crude soybean oil exports structure, together generating X% of total exports. It was distantly followed by Mauritius (X tonnes), making up a X% share of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Egypt, while exports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Egypt ($X) and Mauritius ($X) constituted the countries with the highest levels of exports in 2019, together accounting for X% of total exports.

Among the main exporting countries, Egypt recorded 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 crude soybean oil export price in Africa stood at $X per tonne in 2019, shrinking by -X% against the previous year. In general, the export price saw a slight curtailment. The pace of growth was the most pronounced in 2008 when the export price increased by X% year-to-year. Over the period under review, export prices reached the peak figure at $X per tonne in 2013; however, from 2014 to 2019, export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2019, the country with the highest price was South Africa ($X per tonne), while Egypt ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by South Africa, while the other leaders experienced a decline in the export price figures.

Crude Soybean Oil Imports

Imports in Africa

In 2019, after two years of decline, there was significant growth in purchases abroad of crude soybean oil, when their volume increased by X% to X tonnes. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. The volume of import peaked in 2019 and is expected to retain growth in the near future.

In value terms, crude soybean oil imports expanded significantly to $X in 2019. Total imports indicated a measured expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. As a result, imports attained the peak of $X. From 2012 to 2019, the growth imports failed to regain the momentum.

Imports by Country

In 2019, Algeria (X tonnes), distantly followed by Morocco (X tonnes), Egypt (X tonnes), Tunisia (X tonnes) and Mozambique (X tonnes) represented the main importers of crude soybean oil, together comprising X% of total imports. Zimbabwe (X tonnes) occupied a relatively small share of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Mozambique, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest crude soybean oil importing markets in Africa were Algeria ($X), Morocco ($X) and Egypt ($X), together comprising X% of total imports. These countries were followed by Mozambique, Tunisia and Zimbabwe, which together accounted for a further X saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the crude soybean oil import price in Africa amounted to $X per tonne, declining by -X% against the previous year. Overall, the import price recorded a slight descent. The pace of growth was the most pronounced in 2011 an increase of X% against the previous year. As a result, import price attained the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Zimbabwe ($X per tonne), while Algeria ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Mozambique, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude soybean oil in Africa?
+
The countries with the highest volumes of crude soybean oil consumption in 2019 were Algeria (860K tonnes), Morocco (545K tonnes) and Nigeria (506K tonnes), together accounting for 36% of total consumption.
What are the largest producers of crude soybean oil in Africa?
+
The countries with the highest volumes of crude soybean oil production in 2019 were Nigeria (505K tonnes), Ethiopia (338K tonnes) and Democratic Republic of the Congo (300K tonnes), with a combined 34% share of total production. These countries were followed by Sudan, South Africa, Kenya, Tanzania, Uganda, Ghana, Niger, Cameroon, Angola and Cote d'Ivoire, which together accounted for a further 42%.
What are the leading exporters of crude soybean oil in Africa?
+
In value terms, South Africa ($27M), Egypt ($23M) and Mauritius ($6.1M) constituted the countries with the highest levels of exports in 2019, with a combined 97% share of total exports.
What are the leading importers of crude soybean oil in Africa?
+
In value terms, the largest crude soybean oil importing markets in Africa were Algeria ($550M), Morocco ($381M) and Egypt ($160M), together accounting for 74% of total imports. These countries were followed by Mozambique, Tunisia and Zimbabwe, which together accounted for a further 18%.
What is the average export price for crude soybean oil in Africa?
+
In 2019, the crude soybean oil export price in Africa amounted to $830 per tonne, shrinking by -3.7% against the previous year.
What is the average import price for crude soybean oil in Africa?
+
The crude soybean oil import price in Africa stood at $698 per tonne in 2019, falling by -9% against the previous year.

Product coverage:
• Prodcom 10412100 - Crude soya-bean oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the crude soybean oil market in Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Benin
• Botswana
• Burkina Faso
• Burundi
• Cabo Verde
• Cameroon
• Central African Republic
• Chad
• Comoros
• Congo
• Cote d'Ivoire
• Democratic Republic of the Congo
• Djibouti
• Equatorial Guinea
• Eritrea
• Ethiopia
• Gabon
• Gambia
• Guinea
• Guinea-Bissau
• Lesotho
• Liberia
• Madagascar
• Malawi
• Mali
• Mauritania
• Mauritius
• Mayotte
• Mozambique
• Namibia
• Niger
• Réunion
• Rwanda
• Saint Helena, Ascension and Tristan da Cunha
• Sao Tome and Principe
• Senegal
• Seychelles
• Sierra Leone
• Somalia
• Swaziland
• Tanzania
• Togo
• Tunisia
• Uganda
• Western Sahara
• Zambia
• Zimbabwe

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Africa, split by region and country
• Trade (exports and imports) in Africa
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Algeria
• Angola
• Benin
• Botswana
• Burkina Faso
• Burundi
• Cabo Verde
• Cameroon
• Central African Republic
• Chad
• Comoros
• Congo
• Democratic Republic of the Congo
• Djibouti
• Egypt
• Equatorial Guinea
• Eritrea
• Ethiopia
• Gabon
• Gambia
• Ghana
• Guinea
• Guinea-Bissau
• Kenya
• Lesotho
• Liberia
• Libya
• Madagascar
• Malawi
• Mali
• Mauritania
• Mauritius
• Mayotte
• Morocco
• Mozambique
• Namibia
• Niger
• Nigeria
• Réunion
• Rwanda
• Saint Helena, Ascension and Tristan da Cunha
• Sao Tome and Principe
• Senegal
• Seychelles
• Sierra Leone
• Somalia
• South Africa
• Sudan
• Swaziland
• Tanzania
• Togo
• Tunisia
• Uganda
• Zambia
• Zimbabwe
• Cote d'Ivoire
• Western Sahara
• South Sudan
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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