Africa: Soybean Oilcake Market 2024

Soybean Oilcake Market Size in Africa

The African soybean oilcake market expanded to $X in 2022, rising by X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in years to come.

Soybean Oilcake Production in Africa

In value terms, soybean oilcake production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Soybean Oilcake Exports

Exports in Africa

Soybean oilcake exports reached X tons in 2022, picking up by X% on the previous year. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, soybean oilcake exports totaled $X in 2022. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

The biggest shipments were from South Africa (X tons), Zambia (X tons) and Nigeria (X tons), together finishing at X% of total export. It was distantly followed by Malawi (X tons), achieving an X% share of total exports. The following exporters - Egypt (X tons), Togo (X tons) and Uganda (X tons) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Nigeria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Zambia ($X) and Nigeria ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Malawi, Togo, Egypt and Uganda lagged somewhat behind, together accounting for a further X%.

Togo, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Togo ($X per ton), while Malawi ($X per ton) was amongst the lowest.

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

Soybean Oilcake Imports

Imports in Africa

In 2022, purchases abroad of soybean oilcake was finally on the rise to reach X tons for the first time since 2016, thus ending a five-year declining trend. In general, imports, however, showed a noticeable slump. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, soybean oilcake imports surged to $X in 2022. Overall, imports, however, continue to indicate a perceptible curtailment. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Morocco (X tons), distantly followed by Libya (X tons), Algeria (X tons), South Africa (X tons), Egypt (X tons) and Tunisia (X tons) were the main importers of soybean oilcake, together making up X% of total imports. The following importers - Ghana (X tons), Cote d'Ivoire (X tons), Zimbabwe (X tons), Senegal (X tons), Mauritius (X tons), Kenya (X tons) and Tanzania (X tons) - together made up X% of total imports.

Imports into Morocco increased at an average annual rate of X% from 2012 to 2022. At the same time, Ghana (X%), Tanzania (X%), Senegal (X%), Cote d'Ivoire (X%), Kenya (X%), Zimbabwe (X%), Libya (X%) and Mauritius (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Tunisia experienced a relatively flat trend pattern. By contrast, Algeria (X%), South Africa (X%) and Egypt (X%) illustrated a downward trend over the same period. Morocco (X p.p.), Libya (X p.p.), Ghana (X p.p.), Cote d'Ivoire (X p.p.), Senegal (X p.p.), Zimbabwe (X p.p.), Tanzania (X p.p.), Tunisia (X p.p.), Kenya (X p.p.) and Mauritius (X p.p.) significantly strengthened its position in terms of the total imports, while South Africa, Algeria and Egypt saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Morocco ($X) constitutes the largest market for imported soybean oilcake in Africa, comprising X% of total imports. The second position in the ranking was taken by Libya ($X), with an X% share of total imports. It was followed by Algeria, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Morocco amounted to X%. In the other countries, the average annual rates were as follows: Libya (X% per year) and Algeria (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, with an increase of X% against the previous year. Import price indicated mild growth 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, soybean oilcake import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Kenya ($X per ton) and Egypt ($X per ton), while Ghana ($X per ton) and Libya ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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