Africa: Breakfast Cereal Market 2022

Breakfast Cereal Market Size in Africa

In 2021, after three years of growth, there was significant decline in the African breakfast cereal market, when its value decreased by -X% to $X. The total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2012 indices. The level of consumption peaked at $X in 2020, and then dropped in the following year.

Breakfast Cereal Production in Africa

In value terms, breakfast cereal production fell to $X in 2021 estimated in export price. The total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2012 indices. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then shrank in the following year.

Breakfast Cereal Exports

Exports in Africa

In 2021, shipments abroad of breakfast cereals decreased by -X% to X tons for the first time since 2017, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The volume of export peaked at X tons in 2020, and then dropped in the following year.

In value terms, breakfast cereal exports fell to $X in 2021. The total export value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020, and then reduced in the following year.

Exports by Country

South Africa was the main exporter of breakfast cereals in Africa, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2021. Egypt (X tons) took the second position in the ranking, followed by Zambia (X tons) and Senegal (X tons). All these countries together held approx. X% share of total exports. Liberia (X tons) held a little share of total exports.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of breakfast cereals. At the same time, Liberia (+X%), Zambia (+X%), Senegal (+X%) and Egypt (+X%) displayed positive paces of growth. Moreover, Liberia emerged as the fastest-growing exporter exported in Africa, with a CAGR of +X% from 2012-2021. From 2012 to 2021, the share of Zambia, Egypt, Senegal and Liberia increased by +X, +X, +X and +X percentage points, respectively.

In value terms, South Africa ($X), Egypt ($X) and Zambia ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined X% share of total exports. These countries were followed by Senegal and Liberia, which together accounted for a further X terms of the main exporting countries, Liberia, with a CAGR of +X%, recorded 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

In 2021, the export price in Africa amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, saw a mild setback. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Egypt ($X per ton), while Liberia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+X%), while the other leaders experienced mixed trends in the export price figures.

Breakfast Cereal Imports

Imports in Africa

In 2021, after two years of decline, there was significant growth in supplies from abroad of breakfast cereals, when their volume increased by X% to X tons. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, breakfast cereal imports soared to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of breakfast cereals, namely Botswana, Nigeria and Lesotho, represented more than third of total import. Morocco (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Swaziland (X%), Burkina Faso (X%) and Libya (X%). South Africa (X tons), Senegal (X tons), Egypt (X tons), Namibia (X tons), Liberia (X tons) and Zambia (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Senegal (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Botswana ($X), Morocco ($X) and Nigeria ($X) constituted the countries with the highest levels of imports in 2021, with a combined X% share of total imports. Libya, Egypt, South Africa, Lesotho, Swaziland, Senegal, Burkina Faso, Namibia, Zambia and Liberia lagged somewhat behind, together comprising a further X, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per ton in 2021, standing approx. at the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Egypt ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Liberia (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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