Africa: Rapeseed Oil Market 2024

Rapeseed Oil Market Size in Africa

The African rapeseed oil market was estimated at $X in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Rapeseed Oil Production in Africa

In value terms, rapeseed oil production fell slightly to $X in 2022 estimated in export price. Over the period under review, production saw a slight reduction. The growth pace was the most rapid in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Rapeseed Oil Exports

Exports in Africa

After two years of decline, overseas shipments of rapeseed oil increased by X% to X tons in 2022. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, rapeseed oil exports skyrocketed to $X in 2022. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

South Africa dominates exports structure, amounting to X tons, which was near X% of total exports in 2022. Algeria (X tons) held the second position in the ranking, followed by Benin (X tons). All these countries together held near X% share of total exports. The following exporters - Ghana (X tons) and Tunisia (X tons) - each accounted for a X% share of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Benin (X%) and Algeria (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Ghana (X%) and Tunisia (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.), Algeria (X p.p.), Benin (X p.p.) and Tunisia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Ghana (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest rapeseed oil supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Benin ($X), with a X% share of total exports. It was followed by Tunisia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Benin (X% per year) and Tunisia (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price posted a measured expansion. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while Algeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (X%), while the other leaders experienced mixed trends in the export price figures.

Rapeseed Oil Imports

Imports in Africa

In 2022, overseas purchases of rapeseed oil increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, rapeseed oil imports surged to $X in 2022. In general, imports saw a notable increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

The countries with the highest levels of rapeseed oil imports in 2022 were Tunisia (X tons), Morocco (X tons), South Africa (X tons), Kenya (X tons) and Algeria (X tons), together reaching X% of total import. It was distantly followed by Ethiopia (X tons), comprising a X% share of total imports. The following importers - Egypt (X tons) and Cote d'Ivoire (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Ethiopia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest rapeseed oil importing markets in Africa were Tunisia ($X), Morocco ($X) and Kenya ($X), with a combined X% share of total imports. South Africa, Ethiopia, Algeria, Egypt and Cote d'Ivoire lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Ethiopia, 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

In 2022, the import price in Africa amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price continues to indicate a temperate increase. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ethiopia ($X per ton), while Algeria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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