Africa: Market for Butter And Dairy Spreads 2024

Market Size for Butter And Dairy Spreads in Africa

The African butter and dairy spreads market expanded markedly to $X in 2022, increasing by X% against the previous year. Overall, consumption continues to indicate a perceptible shrinkage. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Butter And Dairy Spreads in Africa

In value terms, butter and dairy spreads production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production, however, showed mild growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Benin (X tons), Sierra Leone (X tons) and Tunisia (X tons), with a combined X% share of total production.

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

Exports of Butter And Dairy Spreads

Exports in Africa

In 2022, approx. X tons of butter and dairy spreads were exported in Africa; declining by X% compared with 2021. In general, exports saw a abrupt descent. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, butter and dairy spreads exports reduced to $X in 2022. Over the period under review, exports saw a slight downturn. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa dominates exports structure, resulting at X tons, which was near X% of total exports in 2022. Angola (X tons) took the second position in the ranking, followed by Uganda (X tons) and Ghana (X tons). All these countries together took approx. X% share of total exports. The following exporters - Egypt (X tons), Gambia (X tons), Tunisia (X tons), Mauritius (X tons), Benin (X tons) and Namibia (X tons) - together made up X% of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Mauritius (X%), Tunisia (X%), Gambia (X%), Angola (X%), Uganda (X%), Ghana (X%) and Namibia (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Egypt (X%) and Benin (X%) illustrated a downward trend over the same period. While the share of Angola (X p.p.), Uganda (X p.p.), Ghana (X p.p.), Gambia (X p.p.), Tunisia (X p.p.) and Mauritius (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Egypt (X p.p.), South Africa (X p.p.) and Benin (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest butter and dairy spreads supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Egypt ($X), with a X% share of total exports. It was followed by Uganda, with a X% share.

In South Africa, butter and dairy spreads exports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Egypt (X% per year) and Uganda (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, growing by X% against the previous year. Export price indicated strong growth from 2012 to 2022: its price 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, butter and dairy spreads export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Gambia ($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 more modest paces of growth.

Imports of Butter And Dairy Spreads

Imports in Africa

In 2022, approx. X tons of butter and dairy spreads were imported in Africa; shrinking by X% compared with the year before. Over the period under review, imports recorded a pronounced reduction. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, butter and dairy spreads imports skyrocketed to $X in 2022. In general, imports saw a perceptible curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Morocco (X tons) and Egypt (X tons) were the key importers of butter and dairy spreads in 2022, resulting at near X% and X% of total imports, respectively. It was distantly followed by South Africa (X tons), creating a X% share of total imports. Libya (X tons), Algeria (X tons), Mauritania (X tons), Burkina Faso (X tons), Mauritius (X tons), Senegal (X tons), Namibia (X tons), Angola (X tons) and Tunisia (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Burkina Faso (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest butter and dairy spreads importing markets in Africa were Egypt ($X), Morocco ($X) and South Africa ($X), together comprising X% of total imports. Mauritius, Algeria, Libya, Tunisia, Senegal, Namibia, Angola, Burkina Faso and Mauritania lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Burkina Faso, with a CAGR of X%, saw the highest growth rate of 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, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Mauritius ($X per ton), while Mauritania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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