Africa: Petroleum Market 2020

Petroleum Market Size in Africa

The revenue of the petroleum market in Africa amounted to $X in 2017, coming down by -X% against the previous year. The total market indicated a mild increase from 2007 to 2017: its value decreased at an average annual rate of -X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the petroleum consumption increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2016, with an increase of X% year-to-year. Over the period under review, the petroleum market attained its maximum level of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Petroleum Production in Africa

In 2017, production of petroleum in Africa totaled X tons, declining by -X% against the previous year. The petroleum production continues to indicate a temperate drop. The pace of growth appeared the most rapid in 2012, when it surged by X% against the previous year. Over the period under review, the petroleum production attained its maximum volume of X tons in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Petroleum Exports

Exports in Africa

In 2017, approx. X tons of petroleum were exported in Africa; falling by -X% against the previous year. The petroleum exports continue to indicate a noticeable decline. The growth pace was the most rapid in 2014, with an increase of X% y-o-y. In that year, the petroleum exports attained their peak volume of X tons. From 2015 to 2017, growth of the petroleum exports stood at a somewhat lower level.

In value terms, petroleum exports stood at $X in 2017. The petroleum exports continue to indicate a relatively flat trend pattern. The level of exports peaked of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Exports by Country

In 2017, Algeria (X tons) represented the key exporter for petroleum, creating X% of total exports. South Africa (X tons) occupied the second position in the ranking, followed by Egypt (X tons). All these countries together held approx. X% share of total exports. Libya (X tons), Senegal (X tons), Kenya (X tons), Cote d'Ivoire (X tons), Cameroon (X tons), Tunisia (X tons), Morocco (X tons), Angola (X tons) and Ghana (X tons) took the weak share of total exports.

Algeria experienced a relatively flat trend pattern of petroleum exports. At the same time, Ghana (+X%), Kenya (+X%), Senegal (+X%) and South Africa (+X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest growing exporter in Africa, with a CAGR of +X% from 2007-2017. By contrast, Libya (-X%), Angola (-X%), Morocco (-X%), Tunisia (-X%), Cameroon (-X%), Egypt (-X%) and Cote d'Ivoire (-X%) illustrated a downward trend over the same period. Egypt (X%), Cote d'Ivoire (X%), Cameroon (X%), Tunisia (X%) and Morocco (X%) significantly strengthened its position in terms of the global exports, while Kenya and South Africa saw its share reduced by -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Algeria ($X) remains the largest petroleum supplier in Africa, making up X% of global exports. The second position in the ranking was occupied by Egypt ($X), with a X% share of global exports. It was followed by South Africa, with a X% share.

In Algeria, petroleum exports expanded at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Egypt (-X% per year) and South Africa (+X% per year).

Export Prices by Country

The petroleum export price in Africa stood at $X per ton in 2017, increasing by X% against the previous year. The export price indicated a measured expansion from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2017, when it surged by X% y-o-y. Over the period under review, the export prices for petroleum reached its peak figure level of $X per ton in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was Egypt ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Egypt (+X% per year), while the other leaders experienced more modest paces of growth.

Petroleum Imports

Imports in Africa

In 2017, petroleum imports in Africa amounted to X tons, dropping by -X% against the previous year. The petroleum imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when imports increased by X% year-to-year. In that year, the petroleum imports attained their peak volume of X tons. From 2011 to 2017, growth of the petroleum imports failed to regain its momentum.

In value terms, petroleum imports amounted to $X in 2017. The total imports indicated a strong expansion from 2007 to 2017: its value decreased at an average annual rate of -X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the petroleum imports decreased by -X% against 2014 indices. Over the period under review, the petroleum imports reached its maximum level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Imports by Country

In 2017, Nigeria (X tons), distantly followed by Togo (X tons), Egypt (X tons), South Africa (X tons) and Morocco (X tons) were the main importers of petroleum, together making up X% of total imports. The following importers - Ethiopia (X tons), Tanzania (X tons), Guinea (X tons), Algeria (X tons), Libya (X tons), Kenya (X tons) and Uganda (X tons) together made up X% of total imports.

Imports into Nigeria increased at an average annual rate of +X% from 2007 to 2017. At the same time, Togo (+X%), Egypt (+X%), Ethiopia (+X%), Kenya (+X%), Morocco (+X%), Uganda (+X%), Guinea (+X%) and Libya (+X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest growing importer in Africa, with a CAGR of +X% from 2007-2017. Tanzania and South Africa experienced a relatively flat trend pattern. By contrast, Algeria (-X%) illustrated a downward trend over the same period. While the share of Algeria (X%) increased significantly in terms of the global imports from 2007-2017, the share of Kenya (-X%), Ethiopia (-X%), Morocco (-X%), Egypt (-X%), Togo (-X%) and Nigeria (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest petroleum markets worldwide were Nigeria ($X), Egypt ($X) and South Africa ($X), together comprising X% of total imports. These countries were followed by Togo, Morocco, Kenya, Ethiopia, Algeria, Libya, Tanzania, Uganda and Guinea, which together accounted for a further X%.

Among the main importing countries, Algeria (+X% per year) experienced the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2017, the petroleum import price in Africa amounted to $X per ton, rising by X% against the previous year. The import price indicated a remarkable expansion from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2008, when the import prices increased by X% against the previous year. Over the period under review, the import prices for petroleum reached its maximum level of $X per ton in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Kenya ($X per ton), while Guinea ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Algeria (+X% per year), while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform