Report Africa - Lard Stearin, Lard Oil, Oleostearin, Oleo-Oil and Tallow Oil - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Oct 11, 2022

Africa - Lard Stearin, Lard Oil, Oleostearin, Oleo-Oil and Tallow Oil - Market Analysis, Forecast, Size, Trends and Insights

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Africa: Oleo Oils Market 2022

Oleo Oils Market Size in Africa

In 2021, after two years of growth, there was decline in the African oleo oils market, when its value decreased by -X% to $X. Overall, consumption, however, posted buoyant growth. Over the period under review, the market hit record highs at $X in 2020, and then shrank in the following year.

Oleo Oils Production in Africa

In value terms, oleo oils production declined to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a resilient increase. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. The level of production peaked at $X in 2020, and then reduced in the following year.

Oleo Oils Exports

Exports in Africa

In 2021, approx. X tons of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil were exported in Africa; picking up by X% against the previous year. In general, exports, however, continue to indicate a noticeable shrinkage. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, oleo oils exports surged to $X in 2021. Overall, exports, however, showed a perceptible slump. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Senegal represented the main exporter of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in Africa, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2021. Namibia (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by South Africa (X%) and Botswana (X%). Egypt (X tons) and Ghana (X tons) followed a long way behind the leaders.

Senegal experienced a relatively flat trend pattern with regard to volume of exports of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil. At the same time, Ghana (+X%) and Botswana (+X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in Africa, with a CAGR of +X% from 2012-2021. By contrast, South Africa (-X%), Namibia (-X%) and Egypt (-X%) illustrated a downward trend over the same period. While the share of Senegal (+X p.p.), Botswana (+X p.p.) and Ghana (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Egypt (-X p.p.), South Africa (-X p.p.) and Namibia (-X p.p.) displayed negative dynamics.

In value terms, Senegal ($X) emerged as the largest oleo oils supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Namibia ($X), with a X% share of total exports. It was followed by South Africa, with a X% share.

In Senegal, oleo oils exports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Namibia (-X% per year) and South Africa (-X% per year).

Export Prices by Country

In 2021, the export price in Africa amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Senegal ($X per ton), while Egypt ($X per ton) was amongst the lowest.

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

Oleo Oils Imports

Imports in Africa

In 2021, after three years of decline, there was significant growth in purchases abroad of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil, when their volume increased by X% to X tons. Overall, imports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2015 when imports increased by X%. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, oleo oils imports skyrocketed to $X in 2021. In general, imports, however, recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Sudan represented the largest importing country with an import of around X tons, which accounted for X% of total imports. Zambia (X tons) ranks second in terms of the total imports with a X% share, followed by Togo (X%) and Nigeria (X%). Cabo Verde (X tons), Mauritania (X tons) and Mozambique (X tons) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to oleo oils imports into Sudan stood at +X%. At the same time, Togo (+X%) and Cabo Verde (+X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in Africa, with a CAGR of +X% from 2012-2021. By contrast, Zambia (-X%), Mozambique (-X%), Nigeria (-X%) and Mauritania (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Sudan, Togo, Zambia, Cabo Verde and Mauritania increased by +X, +X, +X, +X and +X percentage points, respectively. Mozambique (-X p.p.) and Nigeria (-X p.p.) saw their shares reduced.

In value terms, the largest oleo oils importing markets in Africa were Sudan ($X), Nigeria ($X) and Zambia ($X), with a combined X% share of total imports. Togo, Cabo Verde, Mauritania and Mozambique lagged somewhat behind, together comprising a further X terms of the main importing countries, Togo, with a CAGR of +X%, recorded 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

The import price in Africa stood at $X per ton in 2021, which is down by -X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2018; however, from 2019 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 Nigeria ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

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

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 lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in Africa?
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The countries with the highest volumes of consumption in 2021 were Nigeria, Ethiopia and Democratic Republic of the Congo, together accounting for 37% of total consumption.
What are the largest producers of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in Africa?
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The countries with the highest volumes of production in 2021 were Nigeria, Ethiopia and Democratic Republic of the Congo, with a combined 37% share of total production.
What are the leading suppliers of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in Africa?
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In value terms, Senegal emerged as the largest oleo oils supplier in Africa, comprising 57% of total exports. The second position in the ranking was taken by Namibia, with a 22% share of total exports. It was followed by South Africa, with a 13% share.
What are the leading importers of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in Africa?
+
In value terms, Sudan, Nigeria and Zambia constituted the countries with the highest levels of imports in 2021, with a combined 85% share of total imports. Togo, Cabo Verde, Mauritania and Mozambique lagged somewhat behind, together accounting for a further 11%.
What is the average export price for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in Africa?
+
The export price in Africa stood at $801 per ton in 2021, surging by 35% against the previous year.
What is the average import price for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in Africa?
+
In 2021, the import price in Africa amounted to $946 per ton, waning by -14.8% against the previous year.

This report provides an in-depth analysis of the oleo oils 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:
• Prodcom 10411100 - Lard stearin, lard oil, oleostearin, oleo-oil and tallow oil (excluding emulsified, mixed or otherwise prepared)
Country coverage:
• Benin
• Botswana
• Burkina Faso
• Burundi
• Cabo Verde
• Cameroon
• Central African Republic
• Chad
• Comoros
• Congo
• Cote d'Ivoire
• Democratic Republic of the Congo
• Djibouti
• Equatorial Guinea
• Eritrea
• Ethiopia
• Gabon
• Gambia
• Guinea
• Guinea-Bissau
• Lesotho
• Liberia
• Madagascar
• Malawi
• Mali
• Mauritania
• Mauritius
• Mayotte
• Mozambique
• Namibia
• Reunion
• Rwanda
• Saint Helena, Ascension and Tristan da Cunha
• Sao Tome and Principe
• Senegal
• Seychelles
• Sierra Leone
• Somalia
• South Sudan
• Swaziland
• Tanzania
• Togo
• Tunisia
• Uganda
• Western Sahara
• Zambia
• Zimbabwe

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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