Africa: Tapioca And Substitutes Market 2024

Tapioca And Substitutes Market Size in Africa

In 2022, the African tapioca and substitutes market increased by X% to $X, rising for the second year in a row after five years of decline. In general, consumption, however, posted a buoyant increase. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the near future.

Tapioca And Substitutes Production in Africa

In value terms, tapioca and substitutes production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Tapioca And Substitutes Exports

Exports in Africa

In 2022, shipments abroad of tapioca and substitutes decreased by X% to X tons, falling for the second year in a row after six years of growth. Over the period under review, exports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2015 with an increase of X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, tapioca and substitutes exports contracted significantly to $X in 2022. Overall, exports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank rapidly in the following year.

Exports by Country

Cote d'Ivoire prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2022. The following exporters - South Africa (X tons) and Ghana (X tons) - each reached an X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to tapioca and substitutes exports from Cote d'Ivoire stood at X%. At the same time, Ghana (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, South Africa (X%) illustrated a downward trend over the same period. Cote d'Ivoire (X p.p.) and Ghana (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Cote d'Ivoire ($X) remains the largest tapioca and substitutes supplier in Africa, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with an X% share of total exports.

In Cote d'Ivoire, tapioca and substitutes exports expanded at 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: South Africa (X% per year) and Ghana (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, waning by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced mixed trends in the export price figures.

Tapioca And Substitutes Imports

Imports in Africa

In 2022, supplies from abroad of tapioca and substitutes decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw strong growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then contracted significantly in the following year.

In value terms, tapioca and substitutes imports surged to $X in 2022. Overall, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Nigeria dominates imports structure, finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by South Africa (X tons), achieving a X% share of total imports. The following importers - Mauritius (X tons), Ghana (X tons), Senegal (X tons), Togo (X tons) and Sierra Leone (X tons) - together made up X% of total imports.

Nigeria was also the fastest-growing in terms of the tapioca and substitutes imports, with a CAGR of X% from 2012 to 2022. At the same time, Ghana (X%), Togo (X%) and Sierra Leone (X%) displayed positive paces of growth. By contrast, Mauritius (X%), Senegal (X%) and South Africa (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria and Ghana increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported tapioca and substitutes in Africa, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with a X% share of total imports. It was followed by Mauritius, with a X% share.

In Nigeria, tapioca and substitutes imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Mauritius (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, jumping by X% against the previous year. Import price indicated a notable 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, tapioca and substitutes import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Nigeria ($X per ton), while Senegal ($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

Frequently Asked Questions (FAQ) :