Africa: Extracts Of Tea Market 2024

Extracts Of Tea Market Size in Africa

The African extracts of tea market was estimated at $X in 2022, growing 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 peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Extracts Of Tea Production in Africa

In value terms, extracts of tea production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Extracts Of Tea Exports

Exports in Africa

In 2022, shipments abroad of extracts, essences and concentrates of tea or mate increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports enjoyed a noticeable expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, extracts of tea exports surged to $X in 2022. In general, exports saw a modest increase. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Kenya (X tons) was the main exporter of extracts, essences and concentrates of tea or mate, constituting X% of total exports. It was distantly followed by Nigeria (X tons), generating a X% share of total exports. The following exporters - South Africa (X tons), Egypt (X tons) and Tunisia (X tons) - together made up X% of total exports.

Exports from Kenya increased at an average annual rate of X% from 2012 to 2022. At the same time, Nigeria (X%), Tunisia (X%) and Egypt (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, South Africa (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.), Egypt (X p.p.) and Tunisia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (X p.p.) and Kenya (X p.p.) displayed negative dynamics.

In value terms, Kenya ($X) remains the largest extracts of tea supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total exports. It was followed by Tunisia, with a X% share.

In Kenya, extracts of tea exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Tunisia (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the export price recorded a mild curtailment. The pace of growth was the most pronounced in 2013 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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 Tunisia ($X per ton), while Nigeria ($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.

Extracts Of Tea Imports

Imports in Africa

In 2022, approx. X tons of extracts, essences and concentrates of tea or mate were imported in Africa; with a decrease of X% against the year before. In general, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then fell in the following year.

In value terms, extracts of tea imports contracted to $X in 2022. Over the period under review, imports showed a mild curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Burkina Faso represented the largest importing country with an import of around X tons, which finished at X% of total imports. South Africa (X tons) ranks second in terms of the total imports with a X% share, followed by Senegal (X%) and Angola (X%). Mozambique (X tons), Mali (X tons), Kenya (X tons), Algeria (X tons), Tanzania (X tons), Nigeria (X tons), Morocco (X tons) and Libya (X tons) followed a long way behind the leaders.

Imports into Burkina Faso increased at an average annual rate of X% from 2012 to 2022. At the same time, Senegal (X%), Mali (X%), Tanzania (X%), Mozambique (X%), Libya (X%), Angola (X%), Morocco (X%), Nigeria (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Algeria experienced a relatively flat trend pattern. By contrast, Kenya (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Burkina Faso, Senegal, Mali, Mozambique, Tanzania and Angola increased by X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported extracts, essences and concentrates of tea or mate in Africa, comprising X% of total imports. The second position in the ranking was taken by Libya ($X), with a X% share of total imports. It was followed by Angola, with a X% share.

In South Africa, extracts of tea imports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Libya (X% per year) and Angola (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 Libya ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform