Latest Report Update: Oct 5, 2021

Africa - Crude Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service, Privacy Policy and Licenses. We'll occasionally send you account related emails.

Africa: Crude Palm Oil Market Overview 2021

Crude Palm Oil Market Size in Africa

In 2020, the African crude palm oil market was finally on the rise to reach $X for the first time since 2017, thus ending a two-year declining trend. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Crude Palm Oil Production in Africa

In value terms, crude palm oil production soared to $X in 2020 estimated in export prices. The total production indicated a resilient increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. The level of production peaked in 2020 and is expected to retain growth in the near future.

Production By Country in Africa

Nigeria (X tonnes) constituted the country with the largest volume of crude palm oil production, comprising approx. X% of total volume. Moreover, crude palm oil production in Nigeria exceeded the figures recorded by the second-largest producer, Cote d'Ivoire (X tonnes), twofold. The third position in this ranking was occupied by Ghana (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume in Nigeria stood at -X%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (+X% per year) and Ghana (+X% per year).

Crude Palm Oil Exports

Exports in Africa

After two years of decline, overseas shipments of crude palm oil increased by X% to X tonnes in 2020. Overall, exports showed a remarkable increase. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, crude palm oil exports skyrocketed to $X in 2020. Over the period under review, exports posted a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. As a result, exports attained the peak of $X. from 2015 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Kenya prevails in crude palm oil exports structure, finishing at X tonnes, which was near X% of total exports in 2020. Liberia (X tonnes) ranks second in terms of the total exports with a X% share, followed by Cote d'Ivoire (X%). Benin (X tonnes), Gabon (X tonnes), Ghana (X tonnes) and Mauritius (X tonnes) held a relatively small share of total exports.

Kenya was also the fastest-growing in terms of the crude palm oil exports, with a CAGR of +X% from 2007 to 2020. At the same time, Liberia (+X%), Benin (+X%), Gabon (+X%), Ghana (+X%) and Cote d'Ivoire (+X%) displayed positive paces of growth. Mauritius experienced a relatively flat trend pattern. While the share of Kenya (+X p.p.), Liberia (+X p.p.) and Benin (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Mauritius (-X p.p.) and Cote d'Ivoire (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kenya ($X) emerged as the largest crude palm oil supplier in Africa, comprising X% of total exports. The second position in the ranking was occupied by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Liberia, with a X% share.

In Kenya, crude palm oil exports 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: Cote d'Ivoire (+X% per year) and Liberia (+X% per year).

Export Prices by Country

In 2020, the crude palm oil export price in Africa amounted to $X per tonne, reducing by -X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the export price increased by X% year-to-year. Over the period under review, export prices attained the maximum at $X per tonne in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Ghana ($X per tonne), while Gabon ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Ghana, while the other leaders experienced more modest paces of growth.

Crude Palm Oil Imports

Imports in Africa

In 2020, imports of crude palm oil in Africa soared to X tonnes, with an increase of X% compared with 2019. In general, imports showed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, crude palm oil imports soared to $X in 2020. Total imports indicated a remarkable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Kenya represented the main importing country with an import of about X tonnes, which amounted to X% of total imports. Uganda (X tonnes) held the second position in the ranking, followed by Tanzania (X tonnes). All these countries together held near X% share of total imports. The following importers - Madagascar (X tonnes), Nigeria (X tonnes), Mozambique (X tonnes), Zambia (X tonnes), Senegal (X tonnes), Benin (X tonnes), Morocco (X tonnes) and Malawi (X tonnes) - together made up X% of total imports.

From 2007 to 2020, average annual rates of growth with regard to crude palm oil imports into Kenya stood at +X%. At the same time, Benin (+X%), Senegal (+X%), Madagascar (+X%), Malawi (+X%), Uganda (+X%), Tanzania (+X%), Nigeria (+X%), Morocco (+X%) and Zambia (+X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing importer imported in Africa, with a CAGR of +X% from 2007-2020. Mozambique experienced a relatively flat trend pattern. From 2007 to 2020, the share of Uganda, Kenya, Tanzania, Mozambique, Madagascar and Benin increased by +X%, +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kenya ($X) constitutes the largest market for imported crude palm oil in Africa, comprising X% of total imports. The second position in the ranking was occupied by Uganda ($X), with a X% share of total imports. It was followed by Tanzania, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Kenya amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: Uganda (+X% per year) and Tanzania (+X% per year).

Import Prices by Country

In 2020, the crude palm oil import price in Africa amounted to $X per tonne, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 an increase of X% against the previous year. As a result, import price attained the peak level of $X per tonne. from 2009 to 2020, the growth in terms of the import prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Nigeria, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude palm oil in Africa?
+
The countries with the highest volumes of crude palm oil consumption in 2020 were Nigeria (1.2M tonnes), Kenya (941K tonnes) and Cote d'Ivoire (477K tonnes), with a combined 56% share of total consumption. Ghana, Cameroon, Uganda, Tanzania, Benin, Democratic Republic of the Congo, Sierra Leone and Madagascar lagged somewhat behind, together accounting for a further 34%.
What are the largest producers of crude palm oil in Africa?
+
Nigeria (1.1M tonnes) constituted the country with the largest volume of crude palm oil production, accounting for 40% of total volume. Moreover, crude palm oil production in Nigeria exceeded the figures recorded by the second-largest producer, Cote d'Ivoire (488K tonnes), twofold. Ghana (371K tonnes) ranked third in terms of total production with a 13% share.
What are the leading exporters of crude palm oil in Africa?
+
In value terms, Kenya ($88M) emerged as the largest crude palm oil supplier in Africa, comprising 66% of total exports. The second position in the ranking was occupied by Cote d'Ivoire ($12M), with a 9.2% share of total exports. It was followed by Liberia, with a 8.9% share.
What are the leading importers of crude palm oil in Africa?
+
In value terms, Kenya ($773M) constitutes the largest market for imported crude palm oil in Africa, comprising 54% of total imports. The second position in the ranking was occupied by Uganda ($234M), with a 16% share of total imports. It was followed by Tanzania, with a 9.3% share.
What is the average export price for crude palm oil in Africa?
+
In 2020, the crude palm oil export price in Africa amounted to $737 per tonne, which is down by -7.3% against the previous year.
What is the average import price for crude palm oil in Africa?
+
In 2020, the crude palm oil import price in Africa amounted to $705 per tonne, jumping by 19% against the previous year.

Product coverage:
• FCL 257 - Oil of palm

This report provides an in-depth analysis of the crude palm 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:
• Botswana
• Burkina Faso
• Cabo Verde
• Chad
• Comoros
• Djibouti
• Eritrea
• Ethiopia
• Lesotho
• Malawi
• Mali
• Mauritania
• Mauritius
• Mayotte
• Mozambique
• Namibia
• Niger
• Reunion
• Rwanda
• Saint Helena, Ascension and Tristan da Cunha
• Seychelles
• Somalia
• Swaziland
• 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
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
• 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 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 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, 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

Solar Energy Market: Getting to Net-Zero amid Energy Crisis



Join our live webinar to get insights into the global solar energy market.



Thursday, November 4th, 2021 @ 03:00 pm ET


Register

Wind Energy Market: Getting to Net-Zero amid Energy Crisis



Join our live webinar to get insights into the global wind energy market.



Thursday, November 11th, 2021 @ 04:00 pm ET


Register

Biogas Market: Getting to Net-Zero amid Energy Crisis



Join our live webinar to get insights into the global biogas market.



Thursday, November 18th, 2021 @ 04:00 pm ET


Register
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data