Africa: Cereal Market 2024

Cereal Market Size in Africa

The African cereal market rose slightly to $X in 2022, increasing by X% against the previous year. 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 being recorded 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 immediate term.

Cereal Production in Africa

In value terms, cereal production rose slightly 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 was the most pronounced in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

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 most notable rate of growth in terms of production, amongst the main producing countries, was attained by Ghana (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average yield of cereals in Africa reduced modestly to X tons per ha, approximately equating the year before. In general, the yield, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of yield peaked at X tons per ha in 2021, and then fell 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.

The cereal harvested area shrank slightly to X ha in 2022, approximately mirroring 2021 figures. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2016 with an increase of X%. The level of harvested area peaked at X ha in 2018; however, from 2019 to 2022, the harvested area remained at a lower figure.

Cereal Exports

Exports in Africa

In 2022, overseas shipments of cereals increased by X% to X tons, rising for the third year in a row after two years of decline. In general, exports showed a noticeable expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, cereal exports surged to $X in 2022. Over the period under review, exports recorded moderate growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

South Africa represented the key exporting country with an export of about X tons, which reached X% of total exports. Tanzania (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Zambia (X%). 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 ($X) remains the largest cereal supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Zambia ($X), with a X% share of total exports. It was followed by Tanzania, with a X% share.

In South Africa, cereal exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: 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, picking up by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat 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.

Cereal Imports

Imports in Africa

In 2022, the amount of cereals imported in Africa amounted to X tons, surging by X% against 2021. The total import volume increased at an average annual rate of X% over the period 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 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, cereal imports amounted to $X in 2022. Total imports indicated moderate growth 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 pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Algeria (X tons) and Egypt (X tons) were the major importers of cereals in Africa, together committing X% of total imports. Morocco (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Libya (X%) and Tunisia (X%). Sudan (X tons), Kenya (X tons), Nigeria (X tons), South Africa (X tons), Ethiopia (X tons) and Senegal (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading 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, with a combined X% share of total imports. Nigeria, Tunisia, Kenya, Ethiopia, Libya, Sudan, South Africa and Senegal lagged somewhat behind, together accounting for a further X%.

Ethiopia, with a CAGR of X%, recorded the highest growth rate of 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 2022, picking up by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked in 2022 and is likely to continue growth in the near future.

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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