Africa: Grain Market 2024

Grain Market Size in Africa

In 2022, after two years of growth, there was decline in the African grain market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2021, and then dropped modestly in the following year.

Grain Production in Africa

In value terms, grain production rose significantly to $X in 2022 estimated in export price. Overall, production, however, recorded resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Ethiopia (X tons), Nigeria (X tons) and Egypt (X tons), together comprising X% of total production. South Africa, Tanzania, Mali, Morocco, Burkina Faso, Sudan, Ghana, Niger, Madagascar and Guinea lagged somewhat behind, together comprising a further X%.

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

In 2022, the average grain yield in Africa declined slightly to X tons per ha, leveling off at the previous year. Over the period under review, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by X% against the previous year. Over the period under review, the grain yield attained the maximum level at X tons per ha in 2021, and then reduced in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of grain production in Africa fell modestly to X ha, standing approx. at 2021. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2018; however, from 2019 to 2022, the harvested area failed to regain momentum.

Grain Exports

Exports in Africa

In 2022, overseas shipments of grain increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, grain exports surged to $X in 2022. Overall, exports recorded pronounced growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

South Africa prevails in exports structure, recording X tons, which was approx. X% of total exports in 2022. Tanzania (X tons) ranks second in terms of the total exports with a X% share, followed by Zambia (X%). The following exporters - Uganda (X tons) and Cote d'Ivoire (X tons) - together made up X% of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%) and Tanzania (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Uganda experienced a relatively flat trend pattern. By contrast, Zambia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa and Tanzania increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest grain supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Zambia ($X), with a X% share of total exports. It was followed by Tanzania, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to X%. In the other countries, the average annual rates were as follows: Zambia (X% per year) and Tanzania (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Zambia ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

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

Grain Imports

Imports in Africa

Grain imports expanded notably to X tons in 2022, picking up by X% compared with the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, grain imports reached $X in 2022. Total imports indicated a measured expansion from 2012 to 2022: its value 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, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

Algeria (X tons) and Egypt (X tons) were the main importers of grain in 2022, amounting to approx. X% and X% of total imports, respectively. Morocco (X tons) took the next position in the ranking, distantly followed by Libya (X tons) and Tunisia (X tons). All these countries together held near X% share of total imports. Sudan (X tons), Kenya (X tons), Nigeria (X tons), South Africa (X tons), Ethiopia (X tons) and Senegal (X tons) held a little 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 Kenya (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest grain importing markets in Africa were Egypt ($X), Algeria ($X) and Morocco ($X), together accounting for X% of total imports. Nigeria, Tunisia, Kenya, Ethiopia, Libya, Sudan, South Africa and Senegal lagged somewhat behind, together comprising a further X%.

Ethiopia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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, rising by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

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

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

Source: IndexBox Platform

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