Africa: Oleo Oils Market Overview 2021

Oleo Oils Market Size in Africa

The African oleo oils market shrank slightly to $X in 2020, therefore, remained relatively stable against the previous year. Overall, consumption, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2011 when the market value increased by X% against the previous year. The level of consumption peaked at $X in 2015; however, from 2016 to 2020, consumption stood at a somewhat lower figure.

Oleo Oils Production in Africa

In value terms, oleo oils production fell slightly to $X in 2020 estimated in export prices. Over the period under review, production recorded a noticeable contraction. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. from 2012 to 2020, production growth remained at a somewhat lower figure.

Production By Country in Africa

The country with the largest volume of oleo oils production was Egypt (X tonnes), accounting for X% of total volume. Moreover, oleo oils production in Egypt exceeded the figures recorded by the second-largest producer, Namibia (X tonnes), threefold.

In Egypt, oleo oils production expanded at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Namibia (+X% per year) and South Africa (-X% per year).

Oleo Oils Exports

Exports in Africa

For the third year in a row, Africa recorded decline in shipments abroad of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil, which decreased by -X% to X tonnes in 2020. In general, exports faced a abrupt shrinkage. The growth pace was the most rapid in 2009 when exports increased by X% against the previous year. The volume of export peaked at X tonnes in 2010; however, from 2011 to 2020, exports failed to regain the momentum.

In value terms, oleo oils exports declined remarkably to $X in 2020. Over the period under review, exports showed a abrupt contraction. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at $X in 2009; however, from 2010 to 2020, exports failed to regain the momentum.

Exports by Country

South Africa (X tonnes) and Namibia (X tonnes) represented roughly X% of total exports of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in 2020. It was distantly followed by Botswana (X tonnes) and Egypt (X tonnes), together comprising a X% share of total exports.

From 2007 to 2020, the biggest increases were in Botswana, while shipments for the other leaders experienced a decline in the exports figures.

In value terms, South Africa ($X), Namibia ($X) and Botswana ($X) constituted the countries with the highest levels of exports in 2020, together comprising X% of total exports.

In terms of the main exporting countries, Botswana recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2020, the oleo oils export price in Africa amounted to $X per tonne, therefore, remained relatively stable against the previous year. Overall, the export price, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, export prices reached the maximum at $X per tonne in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Namibia ($X per tonne), while Egypt ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Botswana, while the other leaders experienced mixed trends in the export price figures.

Oleo Oils Imports

Imports in Africa

In 2020, oleo oils imports in Africa reduced to X tonnes, waning by -X% on 2019 figures. In general, imports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2019 when imports increased by X% y-o-y. The volume of import peaked at X tonnes in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

In value terms, oleo oils imports shrank slightly to $X in 2020. Overall, imports, however, showed resilient growth. The pace of growth was the most pronounced in 2019 with an increase of X% year-to-year. The level of import peaked at $X in 2017; however, from 2018 to 2020, imports remained at a lower figure.

Imports by Country

Sudan prevails in oleo oils imports structure, recording X tonnes, which was approx. X% of total imports in 2020. Zambia (X tonnes) took a relatively small share of total imports.

Sudan was also the fastest-growing in terms of the lard stearin, lard oil, oleostearin, oleo-oil and tallow oil imports, with a CAGR of +X% from 2007 to 2020. Zambia (-X%) illustrated a downward trend over the same period. While the share of Sudan (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Zambia (-X p.p.) displayed negative dynamics.

In value terms, Sudan ($X) constitutes the largest market for imported lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in Africa, comprising X% of total imports. The second position in the ranking was occupied by Zambia ($X), with a X% share of total imports.

In Sudan, oleo oils imports expanded at an average annual rate of +X% over the period from 2007-2020.

Import Prices by Country

In 2020, the oleo oils import price in Africa amounted to $X per tonne, growing by X% against the previous year. In general, the import price saw measured growth. The pace of growth was the most pronounced in 2017 when the import price increased by X% y-o-y. As a result, import price reached the peak level of $X per tonne. from 2018 to 2020, the growth in terms of the import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Sudan ($X per tonne), while Zambia stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Sudan.

Source: IndexBox Platform

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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Sudan (29K tonnes) remains the largest oleo oils consuming country in Africa, accounting for 60% of total volume. Moreover, oleo oils consumption in Sudan exceeded the figures recorded by the second-largest consumer, Egypt (14K tonnes), twofold.

What are the largest producers of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in Africa?

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The country with the largest volume of oleo oils production was Egypt (14K tonnes), comprising approx. 72% of total volume. Moreover, oleo oils production in Egypt exceeded the figures recorded by the second-largest producer, Namibia (4.3K tonnes), threefold.

What are the leading exporters of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in Africa?

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In value terms, South Africa ($300K), Namibia ($292K) and Botswana ($50K) constituted the countries with the highest levels of exports in 2020, together comprising 96% of total exports.

What are the leading importers of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in Africa?

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In value terms, Sudan ($47M) constitutes the largest market for imported lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in Africa, comprising 98% of total imports. The second position in the ranking was occupied by Zambia ($193K), with a 0.4% share of total imports.

What is the average export price for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in Africa?

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In 2020, the oleo oils export price in Africa amounted to $621 per tonne, stabilizing at the previous year.

What is the average import price for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in Africa?

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The oleo oils import price in Africa stood at $1,535 per tonne in 2020, surging by 2.2% against the previous year.