Africa: Market for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified 2024

Market Size for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Africa

In 2022, the African market for sunflower-seed or safflower oil, refined, but not chemically modified decreased by less than X% to $X for the first time since 2014, thus ending a seven-year rising trend. The total consumption indicated a tangible 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. Based on 2022 figures, consumption increased by X% against 2013 indices. Over the period under review, the market reached the peak level at $X in 2021, and then shrank in the following year.

Production of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Africa

In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified stood at $X in 2022 estimated in export price. The total production indicated a temperate 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Over the period under review, production of reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Exports in Africa

In 2022, approx. X tons of sunflower-seed or safflower oil, refined, but not chemically modified were exported in Africa; which is down by X% on the year before. Overall, exports showed a pronounced slump. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified expanded remarkably to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

In 2022, South Africa (X tons) represented the key exporter of sunflower-seed or safflower oil, refined, but not chemically modified, mixing up X% of total exports. Egypt (X tons) held the second position in the ranking, followed by Mozambique (X tons) and Zambia (X tons). All these countries together held approx. X% share of total exports. Morocco (X tons), Djibouti (X tons) and Benin (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sunflower-seed or safflower oil, refined, but not chemically modified exports from South Africa stood at X%. At the same time, Djibouti (X%), Mozambique (X%), Zambia (X%), Benin (X%) and Morocco (X%) displayed positive paces of growth. Moreover, Djibouti emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Egypt experienced a relatively flat trend pattern. From 2012 to 2022, the share of Mozambique, Egypt, Zambia, Djibouti, Benin and Morocco increased by X, X, X, X, X and X percentage points, respectively.

In value terms, South Africa ($X) remains the largest sunflower-seed or safflower oil, refined, but not chemically modified supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Egypt ($X), with a X% share of total exports. It was followed by Mozambique, with a X% share.

In South Africa, exports of sunflower-seed or safflower oil, refined, but not chemically modified contracted by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Egypt (X% per year) and Mozambique (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, increasing by X% against the previous year. Export price indicated a noticeable 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, export price for sunflower-seed or safflower oil, refined, but not chemically modified increased by X% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, the export prices attained the peak figure 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 South Africa ($X per ton), while Djibouti ($X per ton) was amongst the lowest.

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

Imports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Imports in Africa

In 2022, overseas purchases of sunflower-seed or safflower oil, refined, but not chemically modified decreased by X% to X tons, falling for the second consecutive year after six years of growth. Overall, imports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified stood at $X in 2022. In general, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Ethiopia represented the main importing country with an import of around X tons, which reached X% of total imports. Djibouti (X tons) ranks second in terms of the total imports with a X% share, followed by Libya (X%). The following importers - Ghana (X tons), Namibia (X tons), Somalia (X tons), Botswana (X tons), South Africa (X tons) and Rwanda (X tons) - together made up X% of total imports.

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

In value terms, Ethiopia ($X) constitutes the largest market for imported sunflower-seed or safflower oil, refined, but not chemically modified in Africa, comprising X% of total imports. The second position in the ranking was taken by Djibouti ($X), with a X% share of total imports. It was followed by Libya, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Ethiopia amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Djibouti (X% per year) and Libya (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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