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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 fell modestly to $X in 2020, with a decrease of -X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. from 2012 to 2020, the growth of the market remained at a somewhat lower figure.

Crude Soybean Oil Production in Africa

In value terms, crude soybean oil production expanded notably to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, production attained the maximum 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 crude soybean oil production in 2020 were Nigeria (X tonnes), Ethiopia (X tonnes) and Democratic Republic of the Congo (X tonnes), together comprising X% of total production. These countries were followed by South Africa, Kenya, Tanzania, Sudan, Uganda, Ghana, Cameroon, Angola, Niger and Cote d'Ivoire, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of crude soybean oil production, amongst the leading producing countries, was attained by 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 2020, shipments abroad of crude soybean oil increased by X% to X tonnes, rising for the second consecutive year after two years of decline. In general, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% y-o-y. The volume of export peaked in 2020 and is likely to see steady growth in years to come.

In value terms, crude soybean oil exports soared to $X in 2020. Over the period under review, exports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. The level of export peaked at $X in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

Exports by Country

In 2020, Egypt (X tonnes) represented the largest exporter of crude soybean oil, comprising X% of total exports. South Africa (X tonnes) occupied a X% share (based on tonnes) of total exports, which put it in second place, followed by Mauritius (X%).

Egypt was also the fastest-growing in terms of the crude soybean oil exports, with a CAGR of +X% from 2007 to 2020. At the same time, Mauritius (+X%) and South Africa (+X%) displayed positive paces of growth. Egypt (+X p.p.) significantly strengthened its position in terms of the total exports, while Mauritius and South Africa saw its share reduced by -X% and -X% from 2007 to 2020, respectively.

In value terms, the largest crude soybean oil supplying countries in Africa were Egypt ($X), South Africa ($X) and Mauritius ($X), together comprising X% of total exports.

Egypt (+X% per year) 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

The crude soybean oil export price in Africa stood at $X per tonne in 2020, standing approx. at the previous year. In general, the export price, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2009 an increase of X% year-to-year. Over the period under review, export prices hit record highs at $X per tonne in 2013; however, from 2014 to 2020, export prices failed to regain the momentum.

Average prices varied somewhat amongst the major exporting countries. In 2020, the country with the highest price was South Africa ($X per tonne), while Egypt ($X per tonne) 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.

Crude Soybean Oil Imports

Imports in Africa

In 2020, the amount of crude soybean oil imported in Africa shrank rapidly to X tonnes, with a decrease of -X% compared with the year before. Total imports indicated a modest expansion from 2007 to 2020: its volume 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. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2016; however, from 2017 to 2020, imports stood at a somewhat lower figure.

In value terms, crude soybean oil imports dropped notably to $X in 2020. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. As a result, imports attained the peak of $X. from 2012 to 2020, the growth imports failed to regain the momentum.

Imports by Country

Morocco (X tonnes) and Algeria (X tonnes) represented roughly X% of total imports of crude soybean oil in 2020. Mozambique (X tonnes) took the next position in the ranking, followed by Zimbabwe (X tonnes) and Tunisia (X tonnes). All these countries together occupied approx. X% share of total imports. Zambia (X tonnes) and Egypt (X tonnes) took a minor share of total imports.

From 2007 to 2020, the biggest increases were in Mozambique, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest crude soybean oil importing markets in Africa were Morocco ($X), Algeria ($X) and Zimbabwe ($X), together accounting for X% of total imports. Mozambique, Tunisia, Zambia and Egypt lagged somewhat behind, together accounting for a further X terms of the main importing countries, Mozambique saw 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 2020, the crude soybean oil import price in Africa amounted to $X per tonne, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid 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 2020, the growth in terms of the import prices failed to regain the momentum.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Zimbabwe ($X per tonne) and Zambia ($X per tonne), while Mozambique ($X per tonne) and Algeria ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Mozambique, while the other leaders experienced more modest paces of growth.

Source: IndexBox 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 2020 were Nigeria (662K tonnes), Morocco (515K tonnes) and Algeria (493K tonnes), with a combined 34% share of total consumption. Ethiopia, Democratic Republic of the Congo, South Africa, Kenya, Tanzania, Sudan, Mozambique, Uganda, Zimbabwe and Ghana lagged somewhat behind, together accounting for a further 40%.
What are the largest producers of crude soybean oil in Africa?
+
The countries with the highest volumes of crude soybean oil production in 2020 were Nigeria (662K tonnes), Ethiopia (405K tonnes) and Democratic Republic of the Congo (344K tonnes), together comprising 40% of total production. These countries were followed by South Africa, Kenya, Tanzania, Sudan, Uganda, Ghana, Cameroon, Angola, Niger and Cote d'Ivoire, which together accounted for a further 38%.
What are the leading suppliers of crude soybean oil in Africa?
+
In value terms, the largest crude soybean oil supplying countries in Africa were Egypt ($69M), South Africa ($40M) and Mauritius ($16M), with a combined 99% 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 Morocco ($373M), Algeria ($350M) and Zimbabwe ($128M), together accounting for 72% of total imports. Mozambique, Tunisia, Zambia and Egypt lagged somewhat behind, together accounting for a further 19%.
What is the average export price for crude soybean oil in Africa?
+
The crude soybean oil export price in Africa stood at $840 per tonne in 2020, remaining constant against the previous year.
What is the average import price for crude soybean oil in Africa?
+
In 2020, the crude soybean oil import price in Africa amounted to $755 per tonne, growing by 9.5% 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
• Reunion
• 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
• Reunion
• 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 2030
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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