Africa: Biological Product Market 2024

Biological Product Market Size in Africa

In 2022, the African biological product market decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. Over the period under review, consumption, however, continues to indicate a slight expansion. As a result, consumption reached the peak level of $X, and then dropped notably in the following year.

Biological Product Production in Africa

In value terms, biological product production reduced to $X in 2022 estimated in export price. Overall, production, however, posted a slight increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Biological Product Exports

Exports in Africa

Biological product exports declined significantly to X tons in 2022, which is down by X% on 2021 figures. Overall, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then contracted remarkably in the following year.

In value terms, biological product exports declined markedly to $X in 2022. Over the period under review, exports continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then reduced remarkably in the following year.

Exports by Country

South Africa represented the major exporting country with an export of around X tons, which resulted at X% of total exports. Mauritius (X tons) ranks second in terms of the total exports with a X% share, followed by Swaziland (X%) and Cote d'Ivoire (X%). Morocco (X tons), Ethiopia (X tons), Tunisia (X tons) and Cameroon (X tons) followed a long way behind the leaders.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Mauritius (X%), Tunisia (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Ethiopia experienced a relatively flat trend pattern. By contrast, Morocco (X%), Cameroon (X%) and Swaziland (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mauritius, Cote d'Ivoire, Swaziland, Tunisia, Morocco and Ethiopia increased by X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest biological product supplying countries in Africa were South Africa ($X), Mauritius ($X) and Swaziland ($X), together comprising X% of total exports.

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

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 strong 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. The level of export peaked at $X per ton in 2016; however, from 2017 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 Tunisia ($X per ton), while Cote d'Ivoire ($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 more modest paces of growth.

Biological Product Imports

Imports in Africa

In 2022, after four years of growth, there was significant decline in purchases abroad of biological products, when their volume decreased by X% to X tons. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then plummeted in the following year.

In value terms, biological product imports reduced markedly to $X in 2022. Overall, imports, however, recorded a pronounced expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then dropped dramatically in the following year.

Imports by Country

In 2022, Angola (X tons), Algeria (X tons), Togo (X tons), South Africa (X tons), Ghana (X tons) and Nigeria (X tons) was the key importer of biological products in Africa, creating X% of total import. Libya (X tons), Mozambique (X tons), Uganda (X tons), Zimbabwe (X tons), Sudan (X tons), Cote d'Ivoire (X tons) and Somalia (X tons) followed a long way behind the leaders.

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

In value terms, Algeria ($X) constitutes the largest market for imported biological products in Africa, comprising X% of total imports. The second position in the ranking was held by Angola ($X), with an X% share of total imports. It was followed by Ghana, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Algeria was relatively modest. In the other countries, the average annual rates were as follows: Angola (X% per year) and Ghana (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. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained 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 Algeria ($X per ton), while Togo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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