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Africa - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights
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Africa: Refined Olive Oil Market Overview 2021

Refined Olive Oil Market Size in Africa

The African refined olive oil market rose markedly to $X in 2019, with an increase of X% against the previous year. The total consumption indicated a tangible increase 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, consumption increased by +X% against 2009 indices. The most prominent rate of growth was recorded in 2010 when the market value increased by X% year-to-year. The level of consumption peaked in 2019 and is expected to retain growth in years to come.

Refined Olive Oil Production in Africa

In value terms, refined olive oil production rose markedly to $X in 2019 estimated in export prices. The total production indicated tangible growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2009 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production reached the maximum level in 2019 and is likely to see steady growth in years to come.

Production By Country in Africa

The countries with the highest volumes of refined olive oil production in 2019 were Nigeria (X tonnes), Ethiopia (X tonnes) and Democratic Republic of the Congo (X tonnes), with a combined X% share of total production. These countries were followed by Egypt, Tanzania, Sudan, Kenya, South Africa, Uganda, Algeria, Somalia, Tunisia and Mozambique, which together accounted for a further X 2007 to 2019, the biggest increases were in Uganda, while refined olive oil production for the other leaders experienced more modest paces of growth.

Refined Olive Oil Exports

Exports in Africa

In 2019, overseas shipments of refined olive oil increased by X% to X tonnes, rising for the second year in a row after two years of decline. In general, exports showed mild growth. The pace of growth appeared the most rapid in 2012 when exports increased by X% y-o-y. The volume of export peaked at X tonnes in 2015; however, from 2016 to 2019, exports remained at a lower figure.

In value terms, refined olive oil exports reduced to $X in 2019. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. As a result, exports attained the peak of $X. From 2016 to 2019, the growth exports failed to regain the momentum.

Exports by Country

In 2019, Tunisia (X tonnes) represented the major exporter of refined olive oil, comprising X% of total exports. It was distantly followed by Morocco (X tonnes), constituting a X% share of total exports. South Africa (X tonnes) followed a long way behind the leaders.

Tunisia experienced a relatively flat trend pattern with regard to volume of exports of refined olive oil. At the same time, South Africa (+X%) and Morocco (+X%) displayed positive paces of growth. Moreover, South Africa emerged as the fastest-growing exporter exported in Africa, with a CAGR of +X% from 2007-2019. From 2007 to 2019, the share of Morocco and South Africa increased by +X% and +X% percentage points, while Tunisia (-X p.p.) saw their share reduced.

In value terms, Tunisia ($X) remains the largest refined olive oil supplier in Africa, comprising X% of total exports. The second position in the ranking was occupied by Morocco ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value in Tunisia was relatively modest. In the other countries, the average annual rates were as follows: Morocco (+X% per year) and South Africa (+X% per year).

Export Prices by Country

The refined olive oil export price in Africa stood at $X per tonne in 2019, with a decrease of -X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the export price increased by X% year-to-year. The level of export peaked at $X per tonne in 2018, and then shrank sharply in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2019, the country with the highest price was Tunisia ($X per tonne), while Morocco ($X per tonne) was amongst the lowest.

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

Refined Olive Oil Imports

Imports in Africa

For the third consecutive year, Africa recorded decline in supplies from abroad of refined olive oil, which decreased by -X% to X tonnes in 2019. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. As a result, imports reached the peak of X tonnes. From 2017 to 2019, the growth imports remained at a lower figure.

In value terms, refined olive oil imports dropped sharply to $X in 2019. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. The level of import peaked at $X in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Morocco (X tonnes), distantly followed by Cote d'Ivoire (X tonnes), Angola (X tonnes), Seychelles (X tonnes) and Cabo Verde (X tonnes) were the key importers of refined olive oil, together making up X% of total imports. Ghana (X tonnes), South Africa (X tonnes), Mauritius (X tonnes), Mozambique (X tonnes) and Somalia (X tonnes) held a relatively small share of total imports.

From 2007 to 2019, the biggest increases were in Somalia, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), Cote d'Ivoire ($X) and Angola ($X) appeared to be the countries with the highest levels of imports in 2019, together accounting for X% of total imports. These countries were followed by Seychelles, Cabo Verde, Ghana, South Africa, Mozambique, Mauritius and Somalia, which together accounted for a further X recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the refined olive oil import price in Africa amounted to $X per tonne, falling by -X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2018 to 2019, 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 Mozambique ($X per tonne), while Cote d'Ivoire ($X per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined olive oil in Africa?
+
The countries with the highest volumes of refined olive oil consumption in 2019 were Nigeria (91K tonnes), Ethiopia (64K tonnes) and Democratic Republic of the Congo (49K tonnes), together comprising 30% of total consumption. These countries were followed by Egypt, Tanzania, Sudan, Kenya, South Africa, Uganda, Algeria, Somalia, Mozambique and Madagascar, which together accounted for a further 40%.
What are the largest producers of refined olive oil in Africa?
+
The countries with the highest volumes of refined olive oil production in 2019 were Nigeria (91K tonnes), Ethiopia (64K tonnes) and Democratic Republic of the Congo (49K tonnes), with a combined 30% share of total production. Egypt, Tanzania, Sudan, Kenya, South Africa, Uganda, Algeria, Somalia, Tunisia and Mozambique lagged somewhat behind, together accounting for a further 40%.
What are the leading exporters of refined olive oil in Africa?
+
In value terms, Tunisia ($35M) remains the largest refined olive oil supplier in Africa, comprising 78% of total exports. The second position in the ranking was occupied by Morocco ($7.9M), with a 18% share of total exports.
What are the leading importers of refined olive oil in Africa?
+
In value terms, the largest refined olive oil importing markets in Africa were Morocco ($8.7M), Cote d'Ivoire ($5.3M) and Angola ($4.8M), with a combined 51% share of total imports. These countries were followed by Seychelles, Cabo Verde, Ghana, South Africa, Mozambique, Mauritius and Somalia, which together accounted for a further 32%.
What is the average export price for refined olive oil in Africa?
+
In 2019, the refined olive oil export price in Africa amounted to $2,850 per tonne, which is down by -27.1% against the previous year.
What is the average import price for refined olive oil in Africa?
+
In 2019, the refined olive oil import price in Africa amounted to $3,053 per tonne, dropping by -21% against the previous year.

Product coverage:
• Prodcom 10415310 - Refined olive oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the refined olive 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:
• Benin
• Botswana
• Burkina Faso
• Burundi
• Cabo Verde
• Cameroon
• Central African Republic
• Chad
• Comoros
• Congo
• Cote d'Ivoire
• Democratic Republic of the Congo
• Djibouti
• Equatorial Guinea
• Eritrea
• Ethiopia
• Gabon
• Gambia
• Guinea
• Guinea-Bissau
• Lesotho
• Liberia
• Madagascar
• Malawi
• Mali
• Mauritania
• Mauritius
• Mayotte
• Mozambique
• Namibia
• Niger
• Réunion
• Rwanda
• Saint Helena, Ascension and Tristan da Cunha
• Sao Tome and Principe
• Senegal
• Seychelles
• Sierra Leone
• Somalia
• Swaziland
• Tanzania
• Togo
• 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
• 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 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 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, 2007–2020
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

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