Africa: Vitamin Market 2024

Vitamin Market Size in Africa

In 2022, the African vitamin market decreased by X% to $X, falling for the second year in a row after two years of growth. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Vitamin Production in Africa

In value terms, vitamin production totaled $X in 2022 estimated in export price. Over the period under review, production showed a modest expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Vitamin Exports

Exports in Africa

In 2022, after three years of growth, there was significant decline in shipments abroad of provitamins and vitamins, when their volume decreased by X% to X tons. Over the period under review, exports, however, saw a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of X%. The volume of export peaked at X tons in 2021, and then dropped in the following year.

In value terms, vitamin exports contracted to $X in 2022. Total exports indicated a measured increase 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, exports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then dropped in the following year.

Exports by Country

South Africa dominates exports structure, amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Zambia (X tons), committing a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to vitamin exports from South Africa stood at X%. At the same time, Zambia (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. While the share of South Africa (X p.p.) and Zambia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest vitamin supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Zambia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to X%.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, saw a perceptible curtailment. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Zambia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Vitamin Imports

Imports in Africa

In 2022, supplies from abroad of provitamins and vitamins decreased by X% to X tons, falling for the second year in a row after four years of growth. Total imports indicated a resilient increase from 2012 to 2022: its volume 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 decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, vitamin imports fell to $X in 2022. Total imports indicated a perceptible 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. The growth pace was the most rapid in 2018 when imports increased by X%. The level of import peaked at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, South Africa (X tons) and Algeria (X tons) were the main importers of provitamins and vitamins in Africa, together accounting for near X% of total imports. Nigeria (X tons) held the next position in the ranking, followed by Egypt (X tons), Angola (X tons), Morocco (X tons) and Tunisia (X tons). All these countries together held approx. X% share of total imports. Senegal (X tons), Namibia (X tons), Ghana (X tons) and Mozambique (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Angola (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vitamin importing markets in Africa were South Africa ($X), Egypt ($X) and Algeria ($X), together accounting for X% of total imports. Nigeria, Morocco, Tunisia, Namibia, Angola, Ghana, Mozambique and Senegal lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Angola, with a CAGR of X%, recorded the highest growth rate of 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. Overall, the import price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2019 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 Egypt ($X per ton), while Senegal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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