Africa: Cereal Germ Market 2024

Cereal Germ Market Size in Africa

In 2021, after two years of growth, there was decline in the African cereal germ market, when its value decreased by -0.6% to $X. The market value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Cereal Germ Production in Africa

In value terms, cereal germ production dropped to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 21% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Cereal Germ Exports

Exports in Africa

In 2021, approx. X tons of cereal germ were exported in Africa; rising by 1.7% compared with the previous year. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 134%. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, cereal germ exports rose sharply to $X in 2021. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 106%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

Uganda dominates exports structure, accounting for X tons, which was approx. 96% of total exports in 2021. Zambia (X tons) took a little share of total exports.

Exports from Uganda increased at an average annual rate of +59.4% from 2012 to 2021. At the same time, Zambia (+60.8%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in Africa, with a CAGR of +60.8% from 2012-2021. From 2012 to 2021, the share of Uganda increased by +14 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uganda ($X) remains the largest cereal germ supplier in Africa, comprising 85% of total exports. The second position in the ranking was taken by Zambia ($X), with a 5.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Uganda stood at +62.0%.

Export Prices by Country

In 2021, the export price in Africa amounted to $X per ton, picking up by 5.5% against the previous year. Over the period under review, the export price, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2013 an increase of 8% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Zambia ($X per ton), while Uganda stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uganda (+1.6%).

Cereal Germ Imports

Imports in Africa

In 2021, purchases abroad of cereal germ was finally on the rise to reach X tons for the first time since 2015, thus ending a five-year declining trend. Over the period under review, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 1,239% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, cereal germ imports skyrocketed to $X in 2021. In general, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 438%. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Kenya dominates imports structure, accounting for X tons, which was approx. 76% of total imports in 2021. Uganda (X tons) took the second position in the ranking, followed by South Africa (X tons). All these countries together took approx. 10% share of total imports. Lesotho (X tons) and Zimbabwe (X tons) held a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to cereal germ imports into Kenya stood at +40.3%. At the same time, Zimbabwe (+58.4%), South Africa (+6.4%) and Uganda (+5.3%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing importer imported in Africa, with a CAGR of +58.4% from 2012-2021. By contrast, Lesotho (-1.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Kenya and Zimbabwe increased by +64 and +1.7 percentage points, respectively.

In value terms, Kenya ($X) constitutes the largest market for imported cereal germ in Africa, comprising 72% of total imports. The second position in the ranking was held by Uganda ($X), with a 6.4% share of total imports. It was followed by South Africa, with a 3.6% share.

In Kenya, cereal germ imports expanded at an average annual rate of +59.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Uganda (+7.5% per year) and South Africa (+5.5% per year).

Import Prices by Country

In 2021, the import price in Africa amounted to $X per ton, growing by 4.7% against the previous year. Over the period under review, the import price, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2019 an increase of 38%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Uganda ($X per ton), while Zimbabwe ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kenya (+13.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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