Latest Report Update: Jul 15, 2020

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 and Privacy Policy. We'll occasionally send you account related emails.

Africa: Crude Palm Oil Market Overview 2020

Webinar: Global Animal Feed Market - Global Outlook & Insights

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

Wednesday, January 13th, 2021 @ 10:00 am ET

Register Now

Crude Palm Oil Market Size in Africa

In 2019, the African crude palm oil market decreased by -X% to $X, falling for the fifth year in a row after two years of growth. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 when the market value increased by X% year-to-year. The level of consumption peaked at $X in 2014; however, from 2015 to 2019, consumption remained at a lower figure.

Crude Palm Oil Production in Africa

In value terms, crude palm oil production fell remarkably to $X in 2019 estimated in export prices. Overall, production, however, showed a slight setback. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2019, production stood at a somewhat lower figure.

Production By Country in Africa

The countries with the highest volumes of crude palm oil production in 2019 were Nigeria (X tonnes), Cote d'Ivoire (X tonnes) and Democratic Republic of the Congo (X tonnes), with a combined X% share of total production.

From 2007 to 2019, the biggest increases were in Democratic Republic of the Congo, while crude palm oil production for the other leaders experienced more modest paces of growth.

Crude Palm Oil Exports

Exports in Africa

In 2019, shipments abroad of crude palm oil increased by X% to X tonnes, rising for the third year in a row after two years of decline. In general, exports posted prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure in 2019 and are likely to continue growth in the near future.

In value terms, crude palm oil exports declined to $X in 2019. Overall, exports enjoyed a strong expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, exports reached the peak of $X. From 2015 to 2019, the growth exports remained at a lower figure.

Exports by Country

In 2019, Cote d'Ivoire (X tonnes) represented the largest exporter of crude palm oil, committing X% of total exports. Mauritius (X tonnes) took the second position in the ranking, distantly followed by Ghana (X tonnes) and Benin (X tonnes). All these countries together occupied approx. X% share of total exports. The following exporters - Liberia (X tonnes) and Democratic Republic of the Congo (X tonnes) - together made up X% of total exports.

From 2007 to 2019, average annual rates of growth with regard to crude palm oil exports from Cote d'Ivoire stood at +X%. At the same time, Liberia (+X%), Benin (+X%), Mauritius (+X%), Democratic Republic of the Congo (+X%) and Ghana (+X%) displayed positive paces of growth. Moreover, Liberia emerged as the fastest-growing exporter exported in Africa, with a CAGR of +X% from 2007-2019. From 2007 to 2019, the share of Cote d'Ivoire, Mauritius, Ghana, Benin, Liberia and Democratic Republic of the Congo 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, Cote d'Ivoire ($X), Mauritius ($X) and Ghana ($X) constituted the countries with the highest levels of exports in 2019, together accounting for X% of total exports. Benin, Liberia and Democratic Republic of the Congo lagged somewhat behind, together accounting for a further X the main exporting countries, Benin recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The crude palm oil export price in Africa stood at $X per tonne in 2019, waning by -X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2008 an increase of X% year-to-year. The level of export peaked at $X per tonne in 2012; however, from 2013 to 2019, export prices remained at a lower figure.

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

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

Crude Palm Oil Imports

Imports in Africa

In 2019, imports of crude palm oil in Africa amounted to X tonnes, remaining stable against the previous year's figure. In general, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. The volume of import peaked in 2019 and is likely to see steady growth in years to come.

In value terms, crude palm oil imports contracted slightly to $X in 2019. Total imports indicated resilient growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2017 indices. The growth pace was the most rapid in 2008 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2019, imports remained at a lower figure.

Imports by Country

Kenya was the major importing country with an import of around X tonnes, which reached X% of total imports. It was distantly followed by Uganda (X tonnes), Ghana (X tonnes), Mozambique (X tonnes) and Tanzania (X tonnes), together committing a X% share of total imports. Madagascar (X tonnes), Algeria (X tonnes), Cote d'Ivoire (X tonnes), Zambia (X tonnes) and Morocco (X tonnes) held a minor share of total imports.

Imports into Kenya increased at an average annual rate of +X% from 2007 to 2019. At the same time, Cote d'Ivoire (+X%), Ghana (+X%), Madagascar (+X%), Uganda (+X%), Tanzania (+X%), Morocco (+X%), Algeria (+X%), Mozambique (+X%) and Zambia (+X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in Africa, with a CAGR of +X% from 2007-2019. While the share of Kenya (+X p.p.), Uganda (+X p.p.), Ghana (+X p.p.), Tanzania (+X p.p.), Mozambique (+X p.p.), Madagascar (+X p.p.), Cote d'Ivoire (+X p.p.) and Algeria (+X p.p.) increased significantly, 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 Mozambique, with a X% share.

From 2007 to 2019, the average annual growth rate of value in Kenya stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Uganda (+X% per year) and Mozambique (+X% per year).

Import Prices by Country

In 2019, the crude palm oil import price in Africa amounted to $X per tonne, reducing by -X% against the previous year. In general, the import price showed a slight setback. The pace of growth was the most pronounced in 2008 an increase of X% year-to-year. Over the period under review, import prices hit record highs at $X per tonne in 2011; however, from 2012 to 2019, import prices failed to regain the momentum.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Mozambique, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI 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 2019 were Nigeria (723K tonnes), Kenya (699K tonnes) and Democratic Republic of the Congo (434K tonnes), with a combined 47% share of total consumption. These countries were followed by Cote d'Ivoire, Cameroon, Uganda, Ghana, Tanzania, Mozambique, Benin, Sierra Leone and Madagascar, which together accounted for a further 42%.
What are the largest producers of crude palm oil in Africa?
+
The countries with the highest volumes of crude palm oil production in 2019 were Nigeria (702K tonnes), Cote d'Ivoire (442K tonnes) and Democratic Republic of the Congo (441K tonnes), with a combined 65% share of total production.
What are the leading exporters of crude palm oil in Africa?
+
In value terms, the largest crude palm oil supplying countries in Africa were Cote d'Ivoire ($62M), Mauritius ($32M) and Ghana ($11M), with a combined 83% share of total exports. These countries were followed by Benin, Liberia and Democratic Republic of the Congo, which together accounted for a further 15%.
What are the leading importers of crude palm oil in Africa?
+
In value terms, Kenya ($449M) constitutes the largest market for imported crude palm oil in Africa, comprising 40% of total imports. The second position in the ranking was occupied by Uganda ($197M), with a 18% share of total imports. It was followed by Mozambique, with a 8.6% share.
What is the average export price for crude palm oil in Africa?
+
The crude palm oil export price in Africa stood at $615 per tonne in 2019, falling by -17.1% against the previous year.
What is the average import price for crude palm oil in Africa?
+
The crude palm oil import price in Africa stood at $653 per tonne in 2019, dropping by -4.2% 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
• Kenya
• Lesotho
• Libya
• Malawi
• Mali
• Mauritania
• Mauritius
• Mayotte
• Morocco
• Mozambique
• Namibia
• Niger
• Réunion
• Rwanda
• Saint Helena, Ascension and Tristan da Cunha
• Seychelles
• Somalia
• Sudan
• Swaziland
• Tunisia
• Uganda
• Zambia
• Zimbabwe
• Western Sahara
• South Sudan

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 2007–2019
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 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Physical Terms, By Country, 2007–2019
Table 7:
Imports, In Value Terms, By Country, 2007–2019
Table 8:
Import Prices, By Country Of Destination, 2007–2019
Table 9:
Exports, In Physical Terms, By Country, 2007–2019
Table 10:
Exports, In Value Terms, By Country, 2007–2019
Table 11:
Export Prices, By Country Of Origin, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
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, 2007–2019
Figure 17:
Production, In Value Terms, 2007–2019
Figure 18:
Production, By Country, 2019
Figure 19:
Production, In Physical Terms, By Country, 2007–2019
Figure 20:
Imports, In Physical Terms, 2007–2019
Figure 21:
Imports, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, By Country, 2019
Figure 23:
Imports, In Physical Terms, By Country, 2007–2019
Figure 24:
Imports, In Value Terms, By Country, 2007–2019
Figure 25:
Import Prices, By Country, 2007–2019
Figure 26:
Exports, In Physical Terms, 2007–2019
Figure 27:
Exports, In Value Terms, 2007–2019
Figure 28:
Exports, In Physical Terms, By Country, 2019
Figure 29:
Exports, In Physical Terms, By Country, 2007–2019
Figure 30:
Exports, In Value Terms, By Country, 2007–2019
Figure 31:
Export Prices, 2007–2019

Webinar: Global Animal Feed Market - Global Outlook & Insights



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



Wednesday, January 13th, 2021 @ 10:00 am ET


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