Africa: Egg Product Market 2024

Egg Product Market Size in Africa

The African egg product market expanded modestly to $X in 2022, increasing by X% against the previous year. 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 in certain years. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Egg Product Production in Africa

In value terms, egg product production expanded modestly to $X in 2022 estimated in export price. The total output 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 in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Egg Product Exports

Exports in Africa

In 2022, overseas shipments of egg products increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, egg product exports skyrocketed to $X in 2022. Overall, exports, however, saw a slight downturn. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Morocco was the key exporting country with an export of around X tons, which recorded X% of total exports. It was distantly followed by Senegal (X tons), Egypt (X tons) and Uganda (X tons), together constituting a X% share of total exports. South Africa (X tons) took a relatively small share of total exports.

Morocco was also the fastest-growing in terms of the egg products exports, with a CAGR of X% from 2012 to 2022. At the same time, Senegal (X%) and Uganda (X%) displayed positive paces of growth. By contrast, Egypt (X%) and South Africa (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Morocco, Senegal and Uganda increased by X, X and X percentage points, respectively.

In value terms, Morocco ($X) emerged as the largest egg product supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Senegal ($X), with a X% share of total exports. It was followed by Egypt, with a X% share.

In Morocco, egg product exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (X% per year) and Egypt (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. Overall, the export price showed slight growth. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Morocco ($X per ton), while Senegal ($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 mixed trends in the export price figures.

Egg Product Imports

Imports in Africa

In 2022, the amount of egg products imported in Africa dropped markedly to X tons, which is down by X% compared with the year before. Overall, imports continue to indicate a mild decline. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, egg product imports reduced to $X in 2022. In general, imports, however, showed a pronounced expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

South Africa (X tons) and Algeria (X tons) were the key importers of egg products in 2022, accounting for near X% and X% of total imports, respectively. Senegal (X tons) ranks next in terms of the total imports with a X% share, followed by Tunisia (X%), Morocco (X%), Cote d'Ivoire (X%) and Angola (X%). The following importers - South Sudan (X tons), Cabo Verde (X tons), Nigeria (X tons), Uganda (X tons), Egypt (X tons) and Comoros (X tons) - together made up X% 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 Uganda (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Senegal ($X) and Algeria ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Tunisia, Morocco, Cote d'Ivoire, Angola, Nigeria, Egypt, Cabo Verde, South Sudan, Uganda and Comoros lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Uganda, with a CAGR of X%, 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 2022, the import price in Africa amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per ton), while Comoros ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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