Africa: Soybean Oil Market 2020

Soybean Oil Market Size in Africa

The revenue of the soybean oil market in Africa amounted to $X in 2017, going up by X% against the previous year. The total market indicated a remarkable increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2008, with an increase of X% against the previous year. Over the period under review, the soybean oil market attained its maximum level of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Soybean Oil Production in Africa

In 2017, production of soya-bean oil in Africa stood at X tons, picking up by X% against the previous year. The total output indicated a remarkable increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the soybean oil production increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2010, with an increase of X% against the previous year. Over the period under review, the soybean oil production attained its peak figure volume in 2017, and is likely to continue its growth in the near future.

Soybean Oil Exports in Africa

In 2017, exports of soya-bean oil in Africa totaled X tons, dropping by -X% against the previous year. The soybean oil exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, when exports increased by X% y-o-y. In that year, the soybean oil exports attained their peak volume of X tons. From 2012 to 2017, growth of the soybean oil exports failed to regain its momentum.

In value terms, soybean oil exports totaled $X in 2017. The soybean oil exports continue to indicate a slight downturn. In that year, the soybean oil exports attained their peak level of $X. From 2012 to 2017, growth of the soybean oil exports stood at a somewhat lower level.

Soybean Oil Exports by Country in Africa

South Africa (X tons) and Egypt (X tons) were the largest exporters of soya-bean oil in 2017, finishing at near X% and X% of total exports, respectively. Morocco (X tons) occupied a X% share (based on tons) of total exports, which put it in second place, followed by Tunisia (X%) and Algeria (X%). Tanzania (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Tanzania (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest soybean oil markets worldwide were South Africa ($X), Egypt ($X) and Morocco ($X), with a combined X% share of total exports. These countries were followed by Tunisia, Algeria and Tanzania, which together accounted for a further X%.

Among the main exporting countries , Tanzania (+X% per year) recorded the highest growth rate of exports, over the last decade, while the other leaders experienced more modest paces of growth.

Soybean Oil Export Prices by Country in Africa

The soybean oil export price in Africa stood at $X per ton in 2017, growing by X% against the previous year. The soybean oil export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, when the export prices increased by X% year-to-year. The level of export price peaked of $X per ton in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Average export prices varied noticeably amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Tanzania ($X per ton) and Tunisia ($X per ton), while Egypt ($X per ton) and South Africa ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Tunisia (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Soybean Oil Imports in Africa

In 2017, approx. X tons of soya-bean oil were imported in Africa; remaining constant against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2010, when it surged by X% y-o-y. The volume of imports peaked of X tons in 2011; however, from 2012 to 2017, it failed to regain its momentum.

In value terms, soybean oil imports stood at $X in 2017. The total imports indicated a pronounced expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the soybean oil imports increased by +X% against 2014 indices. Over the period under review, the soybean oil imports attained its maximum level of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Soybean Oil Imports by Country in Africa

In 2017, Algeria (X tons), distantly followed by Morocco (X tons), Angola (X tons), South Africa (X tons), Mauritania (X tons), Egypt (X tons) and Tunisia (X tons) were the largest importers of soya-bean oil, together committing X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Mauritania (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Algeria ($X), Morocco ($X) and Angola ($X) appeared to be the countries with the highest levels of imports in 2017, together accounting for X% of total imports.

Among the main importing countries , Angola (+X% per year) experienced the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Soybean Oil Import Prices by Country in Africa

In 2017, the soybean oil import price in Africa amounted to $X per ton, picking up by X% against the previous year. The soybean oil import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008, an increase of X% year-to-year. The level of import price peaked of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Angola ($X per ton), while Mauritania ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Angola (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform