Africa: Market for Glycosides And Vegetable Alkaloids 2024

Market Size for Glycosides And Vegetable Alkaloids in Africa

In 2021, after three years of growth, there was significant decline in the African glycosides and vegetable alkaloids market, when its value decreased by -13.3% to $X. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then fell in the following year.

Production of Glycosides And Vegetable Alkaloids in Africa

In value terms, glycosides and vegetable alkaloids production contracted to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 18%. As a result, production reached the peak level of $X, and then dropped in the following year.

Exports of Glycosides And Vegetable Alkaloids

Exports in Africa

After two years of decline, overseas shipments of glycosides and vegetable alkaloids increased by 55% to X tons in 2021. Total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, glycosides and vegetable alkaloids exports skyrocketed to $X in 2021. Total exports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Morocco (X tons) was the key exporter of glycosides and vegetable alkaloids, committing 80% of total exports. It was distantly followed by South Africa (X tons), mixing up a 16% share of total exports. Democratic Republic of the Congo (X tons) followed a long way behind the leaders.

Morocco was also the fastest-growing in terms of the glycosides and vegetable alkaloids exports, with a CAGR of +10.0% from 2012 to 2021. At the same time, Democratic Republic of the Congo (+9.4%) displayed positive paces of growth. By contrast, South Africa (-1.7%) illustrated a downward trend over the same period. Morocco (+22 p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by -15.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) remains the largest glycosides and vegetable alkaloids supplier in Africa, comprising 64% of total exports. The second position in the ranking was taken by South Africa ($X), with a 27% share of total exports.

In Morocco, glycosides and vegetable alkaloids exports increased at an average annual rate of +5.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Africa (+7.7% per year) and Democratic Republic of the Congo (+13.3% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2021, picking up by 19% against the previous year. Over the period under review, the export price, however, recorded a slight shrinkage. The pace of growth appeared the most rapid in 2016 an increase of 35% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while Morocco ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+9.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Glycosides And Vegetable Alkaloids

Imports in Africa

In 2021, after two years of growth, there was significant decline in overseas purchases of glycosides and vegetable alkaloids, when their volume decreased by -37.3% to X tons. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 31% against the previous year. As a result, imports reached the peak of X tons, and then shrank significantly in the following year.

In value terms, glycosides and vegetable alkaloids imports shrank to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 13% against the previous year. The level of import peaked at $X in 2020, and then reduced in the following year.

Imports by Country

In 2021, South Africa (X tons), Egypt (X tons), Swaziland (X tons) and Nigeria (X tons) represented the major importer of glycosides and vegetable alkaloids in Africa, making up 77% of total import. It was distantly followed by Uganda (X tons), mixing up a 5% share of total imports. The following importers - Morocco (X tons) and Ghana (X tons) - each amounted to a 6.4% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Uganda (with a CAGR of +37.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), South Africa ($X) and Uganda ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 59% share of total imports.

Uganda, with a CAGR of +37.4%, saw the highest growth rate of the value of imports, among 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, growing by 41% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Morocco ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+14.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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