SADC: Oil Crops Market 2024

Oil Crops Market Size in SADC

The SADC oil crops market reached $X in 2022, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Oil Crops Production in SADC

In value terms, oil crops production expanded significantly to $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 indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Tanzania (X tons), Democratic Republic of the Congo (X tons) and South Africa (X tons), with a combined X% share of total production.

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

The average oil crops yield declined slightly to X tons per ha in 2022, standing approx. at 2021 figures. In general, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the oil crops yield attained the peak level at X tons per ha in 2021, and then declined in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of oil crops (primary) production in SADC contracted to X ha, reducing by X% compared with the previous year's figure. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to oil crops production reached the maximum at X ha in 2021, and then contracted in the following year.

Oil Crops Exports

Exports in SADC

In 2022, shipments abroad of oil crops (primary) increased by X% to X tons, rising for the fifth year in a row after five years of decline. Overall, exports recorded a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, oil crops exports surged to $X in 2022. Over the period under review, exports saw a prominent increase. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

In 2022, South Africa (X tons), distantly followed by Tanzania (X tons), Mozambique (X tons) and Malawi (X tons) represented the largest exporters of oil crops (primary), together making up X% of total exports. Zambia (X tons) took a minor share of total exports.

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

In value terms, the largest oil crops supplying countries in SADC were South Africa ($X), Tanzania ($X) and Mozambique ($X), with a combined X% share of total exports.

Mozambique, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of 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 SADC amounted to $X per ton, shrinking by X% against the previous year. Export price indicated a tangible expansion 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, oil crops export price decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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 Tanzania ($X per ton), while Malawi ($X per ton) was amongst the lowest.

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

Oil Crops Imports

Imports in SADC

In 2022, after two years of growth, there was significant decline in overseas purchases of oil crops (primary), when their volume decreased by X% to X tons. Over the period under review, imports, however, showed modest growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. 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, oil crops imports fell significantly to $X in 2022. Overall, imports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Mozambique (X tons), South Africa (X tons) and Zimbabwe (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Tanzania (X tons), comprising a X% share of total imports. The following importers - Lesotho (X tons) and Botswana (X tons) - each recorded a X% share of total imports.

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

In value terms, Mozambique ($X), South Africa ($X) and Zimbabwe ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Zimbabwe, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the import price in SADC amounted to $X per ton, increasing by X% against the previous year. Import price indicated a prominent expansion 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, oil crops import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mozambique ($X per ton), while Lesotho ($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 a decline in the import price figures.

Source: IndexBox Platform

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