Africa: Mushroom And Truffle Market 2024

Mushroom And Truffle Market Size in Africa

In 2022, the African mushroom and truffle market increased by X% to $X, rising for the sixth consecutive year after three years of decline. The total consumption indicated a resilient 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, consumption increased by X% against 2016 indices. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Mushroom And Truffle Production in Africa

In value terms, mushroom and truffle production rose modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a strong expansion. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

South Africa (X tons) remains the largest mushroom and truffle producing country in Africa, comprising approx. X% of total volume. Moreover, mushroom and truffle production in South Africa exceeded the figures recorded by the second-largest producer, Madagascar (X tons), more than tenfold. The third position in this ranking was taken by Morocco (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in South Africa totaled X%. The remaining producing countries recorded the following average annual rates of production growth: Madagascar (X% per year) and Morocco (X% per year).

Mushroom And Truffle Exports

Exports in Africa

In 2022, the amount of mushrooms and truffles exported in Africa contracted rapidly to X tons, waning by X% compared with the previous year. Over the period under review, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, mushroom and truffle exports shrank dramatically to $X in 2022. Overall, exports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa prevails in exports structure, reaching X tons, which was near X% of total exports in 2022. Tanzania (X tons), Algeria (X tons), Rwanda (X tons), Libya (X tons), Malawi (X tons), Nigeria (X tons) and Morocco (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to mushroom and truffle exports from South Africa stood at X%. At the same time, Rwanda (X%), Malawi (X%), Tanzania (X%), Libya (X%), Nigeria (X%) and Morocco (X%) displayed positive paces of growth. Moreover, Rwanda emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Algeria experienced a relatively flat trend pattern. From 2012 to 2022, the share of Tanzania, Rwanda, Malawi, Libya and Nigeria increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest mushroom and truffle supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Algeria ($X), with a X% share of total exports. It was followed by Morocco, with a X% share.

In South Africa, mushroom and truffle exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Algeria (X% per year) and Morocco (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the export price, however, recorded moderate growth. The pace of growth appeared the most rapid in 2013 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. 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 Morocco ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Mushroom And Truffle Imports

Imports in Africa

In 2022, mushroom and truffle imports in Africa skyrocketed to X tons, with an increase of X% against 2021. Over the period under review, imports saw a remarkable increase. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, mushroom and truffle imports soared to $X in 2022. Total imports indicated resilient growth 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 2020 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Nigeria (X tons) represented the largest importer of mushrooms and truffles, comprising X% of total imports. Morocco (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Botswana (X%). The following importers - Mauritius (X tons), Kenya (X tons), Angola (X tons) and Lesotho (X tons) - together made up X% of total imports.

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

In value terms, the largest mushroom and truffle importing markets in Africa were Nigeria ($X), Morocco ($X) and Mauritius ($X), with a combined X% share of total imports.

Among the main importing countries, Nigeria, 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 2022, which is down by X% against the previous year. Over the period under review, the import price saw a noticeable slump. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mauritius ($X per ton), while Angola ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform