Africa: Oleo Oils Market Overview 2021

Oleo Oils Market Size in Africa

In 2019, after twelve years of growth, there was significant decline in the African oleo oils market, when its value decreased by -X% to $X. Over the period under review, consumption recorded a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Oleo Oils Production in Africa

In value terms, oleo oils production fell rapidly to $X in 2019 estimated in export prices. Overall, production enjoyed a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. As a result, production reached the peak level of $X, and then reduced markedly in the following year.

Production By Country in Africa

The countries with the highest volumes of oleo oils production in 2019 were Nigeria (X tonnes), Ethiopia (X tonnes) and Democratic Republic of the Congo (X tonnes), together comprising X% of total production. These countries were followed by Egypt, Tanzania, Kenya, Sudan, Uganda, South Africa, Algeria, Mozambique and Morocco, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of oleo oils production, amongst the key producing countries, was attained by Uganda, while oleo oils production for the other leaders experienced more modest paces of growth.

Oleo Oils Exports

Exports in Africa

In 2019, oleo oils exports in Africa shrank to X tonnes, dropping by -X% on the previous year. Overall, exports showed a deep downturn. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. The volume of export peaked at X tonnes in 2010; however, from 2011 to 2019, exports stood at a somewhat lower figure.

In value terms, oleo oils exports reduced to $X in 2019. In general, exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2009; however, from 2010 to 2019, exports failed to regain the momentum.

Exports by Country

South Africa (X tonnes) and Namibia (X tonnes) represented the key exporters of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in 2019, resulting at near X% and X% of total exports, respectively. It was distantly followed by Botswana (X tonnes), generating a X% share of total exports. Egypt (X tonnes) followed a long way behind the leaders.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Botswana, while exports 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 2019, together accounting for X% of total exports.

Botswana saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2019, the oleo oils export price in Africa amounted to $X per tonne, falling by -X% against the previous year. In general, the export price saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 when the export price increased by X% y-o-y. As a result, export price attained the peak level of $X per tonne. From 2018 to 2019, the growth in terms of the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Namibia ($X per tonne), while Botswana ($X per tonne) was amongst the lowest.

From 2007 to 2019, 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

For the fourth year in a row, Africa recorded decline in overseas purchases of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil, which decreased by -X% to X tonnes in 2019. Over the period under review, imports continue to indicate a dramatic decline. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. As a result, imports reached the peak of X tonnes. From 2012 to 2019, the growth imports failed to regain the momentum.

In value terms, oleo oils imports skyrocketed to $X in 2019. In general, imports continue to indicate a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil, namely Zambia, Nigeria and Zimbabwe, represented more than two-thirds of total import. It was distantly followed by Cabo Verde (X tonnes) and Togo (X tonnes), together creating a X% share of total imports. Mozambique (X tonnes) held a relatively small share of total imports.

From 2007 to 2019, the biggest increases were in Togo, while purchases for the other leaders experienced more modest paces of growth.

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

In Nigeria, oleo oils imports shrank by an average annual rate of -X% over the period from 2007-2019. The remaining importing countries recorded the following average annual rates of imports growth: Zambia (-X% per year) and Zimbabwe (+X% per year).

Import Prices by Country

In 2019, the oleo oils import price in Africa amounted to $X per tonne, increasing by X% against the previous year. Overall, the import price recorded a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Nigeria ($X per tonne), while Togo ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Cabo Verde, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI 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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The countries with the highest volumes of oleo oils consumption in 2019 were Nigeria (794K tonnes), Ethiopia (681K tonnes) and Democratic Republic of the Congo (528K tonnes), with a combined 33% share of total consumption. These countries were followed by Egypt, Tanzania, Kenya, Sudan, Uganda, South Africa, Algeria, Mozambique and Morocco, which together accounted for a further 41%.

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 oleo oils production in 2019 were Nigeria (794K tonnes), Ethiopia (681K tonnes) and Democratic Republic of the Congo (528K tonnes), together accounting for 33% of total production. Egypt, Tanzania, Kenya, Sudan, Uganda, South Africa, Algeria, Mozambique and Morocco lagged somewhat behind, together accounting for a further 41%.

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, South Africa ($331K), Namibia ($324K) and Botswana ($115K) appeared to be the countries with the highest levels of exports in 2019, together accounting for 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, Nigeria ($877K) constitutes the largest market for imported lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in Africa, comprising 1.2% of total imports. The second position in the ranking was occupied by Zambia ($331K), with a 0.5% share of total imports. It was followed by Zimbabwe, with a 0.4% share.

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

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The oleo oils export price in Africa stood at $632 per tonne in 2019, waning by -8% against 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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In 2019, the oleo oils import price in Africa amounted to $45,412 per tonne, growing by 2,928% against the previous year.