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Africa - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
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Africa: Virgin Olive Oil Market Overview 2021

Virgin Olive Oil Market Size in Africa

In 2019, the African virgin olive oil market decreased by -X% to $X for the first time since 2016, thus ending a two-year rising trend. In general, consumption showed prominent growth. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2019, consumption failed to regain the momentum.

Virgin Olive Oil Production in Africa

In value terms, virgin olive oil production declined remarkably to $X in 2019 estimated in export prices. In general, production continues to indicate a strong increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018, and then declined dramatically in the following year.

Production By Country in Africa

The countries with the highest volumes of virgin olive oil production in 2019 were Tunisia (X tonnes), Morocco (X tonnes) and Algeria (X tonnes), together accounting for X% of total production.

From 2007 to 2019, the biggest increases were in Algeria, while virgin olive oil production for the other leaders experienced more modest paces of growth.

Virgin Olive Oil Exports

Exports in Africa

Virgin olive oil exports fell to X tonnes in 2019, reducing by -X% against the previous year's figure. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, exports attained the peak of X tonnes, and then fell in the following year.

In value terms, virgin olive oil exports reduced markedly to $X in 2019. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. As a result, exports reached the peak of $X, and then shrank notably in the following year.

Exports by Country

Tunisia represented the key exporter of virgin olive oil in Africa, with the volume of exports accounting for X tonnes, which was near X% of total exports in 2019. It was distantly followed by Morocco (X tonnes), comprising a X% share of total exports.

Tunisia experienced a relatively flat trend pattern with regard to volume of exports of virgin olive oil. At the same time, Morocco (+X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in Africa, with a CAGR of +X% from 2007-2019. While the share of Morocco (+X p.p.) increased significantly in terms of the total exports from 2007-2019, the share of Tunisia (-X p.p.) displayed negative dynamics.

In value terms, Tunisia ($X) remains the largest virgin olive oil supplier in Africa, comprising X% of total exports. The second position in the ranking was occupied by Morocco ($X), with a X% share of total exports.

In Tunisia, virgin olive oil exports contracted by an average annual rate of -X% over the period from 2007-2019.

Export Prices by Country

In 2019, the virgin olive oil export price in Africa amounted to $X per tonne, falling by -X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by X% y-o-y. Over the period under review, export prices reached the peak figure at $X per tonne in 2017; however, from 2018 to 2019, export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2019, the country with the highest price was Tunisia ($X per tonne), while Morocco stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Morocco.

Virgin Olive Oil Imports

Imports in Africa

In 2019, overseas purchases of virgin olive oil were finally on the rise to reach X tonnes for the first time since 2016, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by X% year-to-year. As a result, imports attained the peak of X tonnes. From 2017 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, virgin olive oil imports fell to $X in 2019. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2019, the growth imports remained at a lower figure.

Imports by Country

South Africa was the key importing country with an import of around X tonnes, which reached X% of total imports. It was distantly followed by Morocco (X tonnes), Egypt (X tonnes) and Angola (X tonnes), together making up a X% share of total imports. Kenya (X tonnes), Mauritius (X tonnes), Cote d'Ivoire (X tonnes), Mozambique (X tonnes), Seychelles (X tonnes), Nigeria (X tonnes) and Democratic Republic of the Congo (X tonnes) followed a long way behind the leaders.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of virgin olive oil. At the same time, Mozambique (+X%), Cote d'Ivoire (+X%), Kenya (+X%), Mauritius (+X%), Angola (+X%), Egypt (+X%), Democratic Republic of the Congo (+X%), Nigeria (+X%) and Seychelles (+X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in Africa, with a CAGR of +X% from 2007-2019. By contrast, Morocco (-X%) illustrated a downward trend over the same period. While the share of South Africa (+X p.p.), Egypt (+X p.p.), Angola (+X p.p.), Mozambique (+X p.p.), Kenya (+X p.p.), Cote d'Ivoire (+X p.p.) and Mauritius (+X p.p.) increased significantly in terms of the total imports from 2007-2019, the share of Morocco (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported virgin olive oil in Africa, comprising X% of total imports. The second position in the ranking was occupied by Morocco ($X), with a X% share of total imports. It was followed by Egypt, with a X% share.

From 2007 to 2019, the average annual growth rate of value in South Africa was relatively modest. In the other countries, the average annual rates were as follows: Morocco (-X% per year) and Egypt (+X% per year).

Import Prices by Country

In 2019, the virgin olive oil import price in Africa amounted to $X per tonne, shrinking by -X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per tonne in 2018, and then shrank markedly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Angola ($X per tonne), while Morocco ($X per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for virgin olive oil in Africa?
+
The countries with the highest volumes of virgin olive oil consumption in 2019 were Morocco (168K tonnes), Tunisia (133K tonnes) and Algeria (111K tonnes), together accounting for 87% of total consumption.
What are the largest producers of virgin olive oil in Africa?
+
The countries with the highest volumes of virgin olive oil production in 2019 were Tunisia (287K tonnes), Morocco (188K tonnes) and Algeria (111K tonnes), together comprising 92% of total production.
What are the leading exporters of virgin olive oil in Africa?
+
In value terms, Tunisia ($443M) remains the largest virgin olive oil supplier in Africa, comprising 87% of total exports. The second position in the ranking was occupied by Morocco ($59M), with a 12% share of total exports.
What are the leading importers of virgin olive oil in Africa?
+
In value terms, South Africa ($14M) constitutes the largest market for imported virgin olive oil in Africa, comprising 30% of total imports. The second position in the ranking was occupied by Morocco ($4.9M), with a 10% share of total imports. It was followed by Egypt, with a 8.6% share.
What is the average export price for virgin olive oil in Africa?
+
The virgin olive oil export price in Africa stood at $2,860 per tonne in 2019, with a decrease of -28.1% against the previous year.
What is the average import price for virgin olive oil in Africa?
+
In 2019, the virgin olive oil import price in Africa amounted to $3,700 per tonne, reducing by -18.2% against the previous year.

Product coverage:
• FCL 261 - Oil of Olives, Virgin

This report provides an in-depth analysis of the virgin olive 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 2025.


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
• Niger
• Réunion
• Rwanda
• Saint Helena, Ascension and Tristan da Cunha
• Sao Tome and Principe
• Senegal
• Seychelles
• Sierra Leone
• Somalia
• Swaziland
• Tanzania
• Togo
• 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
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
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 PRODUCTS

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 2007–2020
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 2007–2020
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
• Réunion
• 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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
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, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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