Africa: Crude Rapeseed Oil Market 2024

Crude Rapeseed Oil Market Size in Africa

The African crude rapeseed oil market declined to $X in 2022, reducing by -6.9% against the previous year. The market value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Crude Rapeseed Oil Production in Africa

In value terms, crude rapeseed oil production shrank modestly to $X in 2022 estimated in export price. The total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +9.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 163% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Crude Rapeseed Oil Exports

Exports in Africa

In 2022, the amount of crude rape, colza or mustard oil exported in Africa soared to X tons, jumping by 832% against the year before. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 5,102%. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, crude rapeseed oil exports skyrocketed to $X in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 3,860% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

South Africa represented the key exporter of crude rape, colza or mustard oil in Africa, with the volume of exports resulting at X tons, which was approx. 79% of total exports in 2022. It was distantly followed by Morocco (X tons), comprising a 21% share of total exports.

Exports from South Africa increased at an average annual rate of +39.5% from 2012 to 2022. At the same time, Morocco (+89.8%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in Africa, with a CAGR of +89.8% from 2012-2022. Morocco (+20 p.p.) and South Africa (+4 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) emerged as the largest crude rapeseed oil supplier in Africa, comprising 89% of total exports. The second position in the ranking was taken by Morocco ($X), with a 10% share of total exports.

In South Africa, crude rapeseed oil exports increased at an average annual rate of +55.5% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, with a decrease of -7.4% against the previous year. Overall, the export price, however, showed prominent growth. The growth pace was the most rapid in 2013 when the export price increased by 71% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 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 South Africa ($X per ton), while Morocco amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+11.4%).

Crude Rapeseed Oil Imports

Imports in Africa

In 2022, the amount of crude rape, colza or mustard oil imported in Africa totaled X tons, growing by 2.1% on 2021. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 86%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, crude rapeseed oil imports stood at $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 50%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Tunisia was the main importing country with an import of about X tons, which amounted to 47% of total imports. Algeria (X tons) held the second position in the ranking, followed by Morocco (X tons) and South Africa (X tons). All these countries together held near 51% share of total imports.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of +6.6%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Morocco ($X), Algeria ($X) and Tunisia ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 87% of total imports. These countries were followed by South Africa, which accounted for a further 10%.

Among the main importing countries, South Africa, with a CAGR of +9.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, growing by 12% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 16%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+3.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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