Africa: Grain Market 2024

Grain Market Size in Africa

For the seventh year in a row, the African grain market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Grain Production in Africa

In value terms, grain production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

The countries with the highest volumes of production in 2022 were Ethiopia (X tons), Nigeria (X tons) and Egypt (X tons), with a combined X% share of total production. South Africa, Tanzania, Mali, Morocco, Burkina Faso, Ghana, Sudan, Niger, Madagascar and Guinea lagged somewhat behind, together comprising a further X%.

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

The average grain yield shrank to X tons per ha in 2022, standing approx. at 2021 figures. Over the period under review, the yield, however, showed 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 grain yield attained the peak level at X tons per ha in 2021, and then reduced 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 grain harvested area in Africa dropped modestly to X ha, leveling off at 2021. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2018; however, from 2019 to 2022, the harvested area failed to regain momentum.

Grain Exports

Exports in Africa

In 2022, overseas shipments of cereal grains increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports enjoyed perceptible growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, grain exports surged to $X in 2022. In general, exports recorded a pronounced expansion. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

In 2022, South Africa (X tons) represented the key exporter of cereal grains, creating X% of total exports. Tanzania (X tons) took the second position in the ranking, followed by Zambia (X tons). All these countries together held near X% share of total exports. Uganda (X tons) and Cote d'Ivoire (X tons) followed a long way behind the leaders.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%) and Tanzania (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Uganda experienced a relatively flat trend pattern. By contrast, Zambia (X%) illustrated a downward trend over the same period. South Africa (X p.p.) and Tanzania (X p.p.) significantly strengthened its position in terms of the total exports, while Zambia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest grain supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Zambia ($X), with a X% share of total exports. It was followed by Tanzania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Zambia (X% per year) and Tanzania (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, 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 ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

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

Grain Imports

Imports in Africa

In 2022, the amount of cereal grains imported in Africa reached X tons, with an increase of X% compared with the year before. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, grain imports expanded rapidly to $X in 2022. Total imports indicated a measured expansion from 2012 to 2022: its value 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, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Algeria (X tons) and Egypt (X tons) represented the main importers of cereal grains in Africa, together mixing up X% of total imports. Morocco (X tons) held the next position in the ranking, distantly followed by Libya (X tons) and Tunisia (X tons). All these countries together held approx. X% share of total imports. Sudan (X tons), Kenya (X tons), Nigeria (X tons), South Africa (X tons), Ethiopia (X tons) and Senegal (X tons) followed a long way behind the leaders.

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

In value terms, Egypt ($X), Algeria ($X) and Morocco ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Nigeria, Tunisia, Kenya, Ethiopia, Libya, Sudan, South Africa and Senegal lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Ethiopia, 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

The import price in Africa stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Libya ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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