Africa: Refined Rapeseed Oil Market 2024

Refined Rapeseed Oil Market Size in Africa

The African refined rapeseed oil market totaled $X in 2022, approximately reflecting the previous year. Overall, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Refined Rapeseed Oil Production in Africa

In value terms, refined rapeseed oil production reached $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Refined Rapeseed Oil Exports

Exports in Africa

In 2022, overseas shipments of refined rape, colza or mustard oil increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports continue to indicate resilient growth. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, refined rapeseed oil exports surged to $X in 2022. Overall, exports enjoyed buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, South Africa (X tons) was the major exporter of refined rape, colza or mustard oil, mixing up X% of total exports. Benin (X tons) ranks second in terms of the total exports with a X% share, followed by Ghana (X%) and Tunisia (X%).

Exports from South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Benin (X%) and Tunisia (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%) illustrated a downward trend over the same period. South Africa (X p.p.), Benin (X p.p.) and Tunisia (X p.p.) significantly strengthened its position in terms of the total exports, while Ghana saw its share reduced by X% from 2012 to 2022, respectively.

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

From 2012 to 2022, the average annual growth rate of value in South Africa totaled 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

In 2022, the export price in Africa amounted to $X per ton, growing by X% against the previous year. Export price indicated a mild increase from 2012 to 2022: its price 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, refined rapeseed oil export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

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 Tunisia ($X per ton), while Ghana ($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 a decline in the export price figures.

Refined Rapeseed Oil Imports

Imports in Africa

In 2022, purchases abroad of refined rape, colza or mustard oil increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports posted a perceptible expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, refined rapeseed oil imports surged to $X in 2022. Over the period under review, imports continue to indicate a noticeable increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Djibouti (X tons) and South Africa (X tons) were the major importers of refined rape, colza or mustard oil in 2022, accounting for approx. X% and X% of total imports, respectively. Egypt (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Kenya (X%) and Morocco (X%). Cote d'Ivoire (X tons), Ethiopia (X tons), Mauritius (X tons), Algeria (X tons), Sudan (X tons), Nigeria (X tons), Angola (X tons) and Ghana (X tons) held a little share of total imports.

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

In value terms, the largest refined rapeseed oil importing markets in Africa were Djibouti ($X), South Africa ($X) and Egypt ($X), with a combined X% share of total imports.

Among the main importing countries, Djibouti, with a CAGR of X%, saw the highest rates of growth with regard to 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, increasing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mauritius ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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