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Africa - Refined Soybean Oil And Its Fractions - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

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Africa: Refined Soybean Oil Market Overview 2021

Refined Soybean Oil Market Size in Africa

In 2019, the African refined soybean oil market decreased by -X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. From 2012 to 2019, the growth of the market failed to regain the momentum.

Refined Soybean Oil Production in Africa

In value terms, refined soybean oil production totaled $X in 2019 estimated in export prices. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2019, production failed to regain the momentum.

Production By Country in Africa

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

Refined Soybean Oil Exports

Exports in Africa

In 2019, after four years of decline, there was significant growth in shipments abroad of refined soybean oil and its fractions, when their volume increased by X% to X tonnes. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, exports attained the maximum at X tonnes in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

In value terms, refined soybean oil exports expanded markedly to $X in 2019. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at $X in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

Exports by Country

In 2019, Egypt (X tonnes) represented the main exporter of refined soybean oil and its fractions, achieving X% of total exports. South Africa (X tonnes) held the second position in the ranking, distantly followed by Morocco (X tonnes) and Tunisia (X tonnes). All these countries together took approx. X% share of total exports. Mali (X tonnes) took a little share of total exports.

From 2007 to 2019, average annual rates of growth with regard to refined soybean oil exports from Egypt stood at +X%. At the same time, Mali (+X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing exporter exported in Africa, with a CAGR of +X% from 2007-2019. By contrast, Tunisia (-X%), South Africa (-X%) and Morocco (-X%) illustrated a downward trend over the same period. Egypt (+X p.p.) and Mali (+X p.p.) significantly strengthened its position in terms of the total exports, while Tunisia, Morocco and South Africa saw its share reduced by -X%, -X% and -X% from 2007 to 2019, respectively.

In value terms, Egypt ($X), South Africa ($X) and Morocco ($X) constituted the countries with the highest levels of exports in 2019, with a combined X% share of total exports. Tunisia and Mali lagged somewhat behind, together comprising a further X terms of the main exporting countries, Mali recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the refined soybean oil export price in Africa amounted to $X per tonne, waning by -X% against the previous year. Over the period under review, the export price continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. Over the period under review, export prices hit record highs at $X per tonne in 2012; however, from 2013 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was South Africa ($X per tonne), while Mali ($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 Soybean Oil Imports

Imports in Africa

In 2019, refined soybean oil imports in Africa contracted remarkably to X tonnes, with a decrease of -X% against 2018. In general, imports recorded a noticeable slump. The pace of growth was the most pronounced in 2011 when imports increased by X% against the previous year. As a result, imports reached the peak of X tonnes. From 2012 to 2019, the growth imports failed to regain the momentum.

In value terms, refined soybean oil imports contracted significantly to $X in 2019. Over the period under review, imports continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2012 to 2019, the growth imports failed to regain the momentum.

Imports by Country

In 2019, South Africa (X tonnes) and Angola (X tonnes) were the key importers of refined soybean oil and its fractions in Africa, together recording near X% of total imports. It was distantly followed by Algeria (X tonnes), making up a X% share of total imports. The following importers - Eritrea (X tonnes), Mauritius (X tonnes), Tunisia (X tonnes), Senegal (X tonnes), Mauritania (X tonnes), Ghana (X tonnes), Zambia (X tonnes) and Cabo Verde (X tonnes) - together made up X% of total imports.

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

In value terms, the largest refined soybean oil importing markets in Africa were Angola ($X), South Africa ($X) and Algeria ($X), together comprising X% of total imports. These countries were followed by Eritrea, Mauritius, Tunisia, Mauritania, Senegal, Ghana, Zambia and Cabo Verde, which together accounted for a further X the main importing countries, Mauritius 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

The refined soybean oil import price in Africa stood at $X per tonne in 2019, shrinking by -X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the import price increased by X% y-o-y. Over the period under review, import prices reached the peak figure at $X per tonne in 2012; however, from 2013 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Tunisia ($X per tonne), while Algeria ($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 more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined soybean oil and its fractions in Africa?
+
The countries with the highest volumes of refined soybean oil consumption in 2019 were Nigeria (175K tonnes), Ethiopia (174K tonnes) and Democratic Republic of the Congo (134K tonnes), with a combined 28% share of total consumption. These countries were followed by Egypt, Tanzania, Sudan, Kenya, South Africa, Uganda, Algeria, Angola, Somalia and Mozambique, which together accounted for a further 43%.
What are the largest producers of refined soybean oil and its fractions in Africa?
+
The countries with the highest volumes of refined soybean oil production in 2019 were Nigeria (174K tonnes), Ethiopia (173K tonnes) and Egypt (145K tonnes), with a combined 31% share of total production. Democratic Republic of the Congo, Tanzania, Sudan, Kenya, Uganda, Somalia, Mozambique, Algeria, Madagascar and Morocco lagged somewhat behind, together comprising a further 43%.
What are the leading suppliers of refined soybean oil and its fractions in Africa?
+
In value terms, the largest refined soybean oil supplying countries in Africa were Egypt ($33M), South Africa ($19M) and Morocco ($6.7M), together comprising 87% of total exports. These countries were followed by Tunisia and Mali, which together accounted for a further 8.7%.
What are the leading importers of refined soybean oil and its fractions in Africa?
+
In value terms, the largest refined soybean oil importing markets in Africa were Angola ($57M), South Africa ($50M) and Algeria ($12M), together comprising 63% of total imports. Eritrea, Mauritius, Tunisia, Mauritania, Senegal, Ghana, Zambia and Cabo Verde lagged somewhat behind, together accounting for a further 24%.
What is the average export price for refined soybean oil and its fractions in Africa?
+
In 2019, the refined soybean oil export price in Africa amounted to $968 per tonne, dropping by -7.7% against the previous year.
What is the average import price for refined soybean oil and its fractions in Africa?
+
In 2019, the refined soybean oil import price in Africa amounted to $896 per tonne, reducing by -7.3% against the previous year.

Product coverage:
• Prodcom 10415100 - Refined soya-bean oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the refined soybean 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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