Africa: Essential Oils Market 2023

Essential Oils Market Size in Africa

The African essential oils market stood at $X in 2021, therefore, remained relatively stable against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -12.3% against 2019 indices. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Essential Oils Production in Africa

In value terms, essential oils production stood at $X in 2021 estimated in export price. The total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +3.1% against 2018 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by 40% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Essential Oils Exports

Exports in Africa

In 2021, exports of essential oils in Africa stood at X tons, picking up by 2.5% against the previous year's figure. Total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +9.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +127.0% against 2012 indices. The growth pace was the most rapid in 2020 with an increase of 29% against the previous year. The volume of export peaked in 2021 and is likely to continue growth in years to come.

In value terms, essential oils exports expanded to $X in 2021. Overall, exports posted a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by 33% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the near future.

Exports by Country

Madagascar (X tons) and South Africa (X tons) prevails in exports structure, together constituting 72% of total exports. It was distantly followed by Egypt (X tons) and Tunisia (X tons), together committing a 13% share of total exports. Morocco (X tons), Rwanda (X tons) and Tanzania (X tons) took a minor share of total exports.

From 2012 to 2021, the biggest increases were in Rwanda (with a CAGR of +108.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest essential oils supplying countries in Africa were Madagascar ($X), Egypt ($X) and South Africa ($X), together comprising 66% of total exports. Tunisia, Morocco, Tanzania and Rwanda lagged somewhat behind, together comprising a further 24%.

In terms of the main exporting countries, Rwanda, with a CAGR of +66.7%, saw the highest rates of growth with regard to 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

In 2021, the export price in Africa amounted to $X per ton, approximately reflecting the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 26% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Egypt ($X per ton), while Rwanda ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tunisia (+10.7%), while the other leaders experienced more modest paces of growth.

Essential Oils Imports

Imports in Africa

In 2021, purchases abroad of essential oils decreased by -11.8% to X tons, falling for the second year in a row after two years of growth. Overall, imports, however, enjoyed mild growth. The growth pace was the most rapid in 2019 with an increase of 146%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, essential oils imports amounted to $X in 2021. The total import value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by 28%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Nigeria (X tons) and South Africa (X tons) represented the key importers of essential oils in 2021, reaching approx. 30% and 24% of total imports, respectively. The following importers - Uganda (X tons), Kenya (X tons), Tanzania (X tons), Swaziland (X tons), Cameroon (X tons), Ghana (X tons), Egypt (X tons), Zimbabwe (X tons), Botswana (X tons), Ethiopia (X tons) and Sudan (X tons) - together made up 30% of total imports.

From 2012 to 2021, the biggest increases were in Cameroon (with a CAGR of +37.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported essential oils in Africa, comprising 32% of total imports. The second position in the ranking was taken by Kenya ($X), with a 14% share of total imports. It was followed by Egypt, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in South Africa amounted to +7.3%. The remaining importing countries recorded the following average annual rates of imports growth: Kenya (+25.8% per year) and Egypt (-1.7% per year).

Import Prices by Country

In 2021, the import price in Africa amounted to $X per ton, growing by 15% against the previous year. Import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, essential oils import price increased by +109.7% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of 108%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Egypt ($X per ton), while Cameroon ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kenya (+17.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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