Report Africa - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 2, 2023

Africa - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights

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Africa: Groundnut Oil Market 2023

Groundnut Oil Market Size in Africa

The African groundnut oil market reduced to $X in 2021, declining by -8.2% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Groundnut Oil Production in Africa

In value terms, groundnut oil production declined to $X in 2021 estimated in export price. Overall, production saw a slight decrease. The growth pace was the most rapid in 2020 with an increase of 26%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Groundnut Oil Exports

Exports in Africa

In 2021, approx. X tons of groundnut oil were exported in Africa; jumping by 6,023% compared with 2020 figures. Overall, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, groundnut oil exports surged to $X in 2021. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

South Africa dominates exports structure, amounting to X tons, which was near 98% of total exports in 2021. Senegal (X tons) took a minor share of total exports.

South Africa was also the fastest-growing in terms of the groundnut oil exports, with a CAGR of +150.7% from 2012 to 2021. Senegal experienced a relatively flat trend pattern. South Africa (+97 p.p.) significantly strengthened its position in terms of the total exports, while Senegal saw its share reduced by -60.2% from 2012 to 2021, respectively.

In value terms, South Africa ($X) emerged as the largest groundnut oil supplier in Africa, comprising 91% of total exports. The second position in the ranking was taken by Senegal ($X), with a 6.6% share of total exports.

In South Africa, groundnut oil exports expanded at an average annual rate of +110.2% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Africa amounted to $X per ton, declining by -67.8% against the previous year. Overall, the export price faced a deep downturn. The most prominent rate of growth was recorded in 2020 an increase of 28%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Senegal ($X per ton), while South Africa amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (-0.1%).

Groundnut Oil Imports

Imports in Africa

In 2021, the amount of groundnut oil imported in Africa was estimated at X tons, stabilizing at 2020 figures. Over the period under review, imports continue to indicate a slight increase. The growth pace was the most rapid in 2017 when imports increased by 124%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, groundnut oil imports contracted slightly to $X in 2021. Overall, imports, however, saw a noticeable contraction. The pace of growth was the most pronounced in 2017 when imports increased by 99%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Benin was the key importing country with an import of about X tons, which amounted to 76% of total imports. It was distantly followed by Mauritania (X tons), making up a 12% share of total imports. Swaziland (X tons) and Zambia (X tons) followed a long way behind the leaders.

Imports into Benin increased at an average annual rate of +3.4% from 2012 to 2021. At the same time, Zambia (+32.9%), Swaziland (+19.4%) and Mauritania (+17.3%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing importer imported in Africa, with a CAGR of +32.9% from 2012-2021. While the share of Benin (+10 p.p.), Mauritania (+8.5 p.p.), Swaziland (+2 p.p.) and Zambia (+1.9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Benin ($X) constitutes the largest market for imported groundnut oil in Africa, comprising 43% of total imports. The second position in the ranking was taken by Mauritania ($X), with a 15% share of total imports. It was followed by Swaziland, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value in Benin stood at -8.1%. The remaining importing countries recorded the following average annual rates of imports growth: Mauritania (+22.1% per year) and Swaziland (+18.7% per year).

Import Prices by Country

In 2021, the import price in Africa amounted to $X per ton, falling by -2.7% against the previous year. Overall, the import price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 when the import price increased by 28%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Swaziland ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mauritania (+4.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for groundnut oil in Africa?
+
South Africa remains the largest groundnut oil consuming country in Africa, accounting for 37% of total volume. Moreover, groundnut oil consumption in South Africa exceeded the figures recorded by the second-largest consumer, Nigeria, twofold. Sudan ranked third in terms of total consumption with an 8.1% share.
What are the largest producers of groundnut oil in Africa?
+
South Africa constituted the country with the largest volume of groundnut oil production, accounting for 53% of total volume. Moreover, groundnut oil production in South Africa exceeded the figures recorded by the second-largest producer, Nigeria, fourfold. Senegal ranked third in terms of total production with a 6.1% share.
What are the leading suppliers of groundnut oil in Africa?
+
In value terms, South Africa emerged as the largest groundnut oil supplier in Africa, comprising 91% of total exports. The second position in the ranking was held by Senegal, with a 6.6% share of total exports.
What are the leading importers of groundnut oil in Africa?
+
In value terms, Benin constitutes the largest market for imported groundnut oil in Africa, comprising 43% of total imports. The second position in the ranking was held by Mauritania, with a 15% share of total imports. It was followed by Swaziland, with a 6.6% share.
What is the average export price for groundnut oil in Africa?
+
In 2021, the export price in Africa amounted to $469 per ton, declining by -67.8% against the previous year.
What is the average import price for groundnut oil in Africa?
+
The import price in Africa stood at $445 per ton in 2021, which is down by -2.7% against the previous year.

This report provides an in-depth analysis of the groundnut oil market in Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• FCL 244 - Oil of Groundnuts

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Africa, split by region and country
• Trade (exports and imports) in Africa
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Algeria
• Angola
• Benin
• Botswana
• Burkina Faso
• Burundi
• Cabo Verde
• Cameroon
• Central African Republic
• Chad
• Comoros
• Congo
• Democratic Republic of the Congo
• Djibouti
• Egypt
• Equatorial Guinea
• Eritrea
• Ethiopia
• Gabon
• Gambia
• Ghana
• Guinea
• Guinea-Bissau
• Kenya
• Lesotho
• Liberia
• Libya
• Madagascar
• Malawi
• Mali
• Mauritania
• Mauritius
• Mayotte
• Morocco
• Mozambique
• Namibia
• Niger
• Nigeria
• Reunion
• Rwanda
• Saint Helena, Ascension and Tristan da Cunha
• Sao Tome and Principe
• Senegal
• Seychelles
• Sierra Leone
• Somalia
• South Africa
• Sudan
• Swaziland
• Tanzania
• Togo
• Tunisia
• Uganda
• Zambia
• Zimbabwe
• Cote d'Ivoire
• Western Sahara
• South Sudan
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Physical Terms, By Country, 2012–2022
Table 7:
Imports, In Value Terms, By Country, 2012–2022
Table 8:
Import Prices, By Country Of Destination, 2012–2022
Table 9:
Exports, In Physical Terms, By Country, 2012–2022
Table 10:
Exports, In Value Terms, By Country, 2012–2022
Table 11:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2022
Figure 17:
Production, In Value Terms, 2012–2022
Figure 18:
Production, By Country, 2022
Figure 19:
Production, In Physical Terms, By Country, 2012–2022
Figure 20:
Imports, In Physical Terms, 2012–2022
Figure 21:
Imports, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, By Country, 2022
Figure 23:
Imports, In Physical Terms, By Country, 2012–2022
Figure 24:
Imports, In Value Terms, By Country, 2012–2022
Figure 25:
Import Prices, By Country, 2012–2022
Figure 26:
Exports, In Physical Terms, 2012–2022
Figure 27:
Exports, In Value Terms, 2012–2022
Figure 28:
Exports, In Physical Terms, By Country, 2022
Figure 29:
Exports, In Physical Terms, By Country, 2012–2022
Figure 30:
Exports, In Value Terms, By Country, 2012–2022
Figure 31:
Export Prices, 2012–2022
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