Africa: Lysine Market 2024

Lysine Market Size in Africa

The African lysine market was estimated at $X in 2022, increasing by 4.6% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Lysine Production in Africa

In value terms, lysine production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the production volume increased by 18% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Lysine Exports

Exports in Africa

In 2022, overseas shipments of lysine and its esters, and salts thereof increased by 19% to X tons, rising for the second year in a row after two years of decline. Overall, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 when exports increased by 174% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, lysine exports rose rapidly to $X in 2022. Over the period under review, exports posted buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 145% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

South Africa prevails in exports structure, finishing at X tons, which was approx. 96% of total exports in 2022. Morocco (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to lysine exports from South Africa stood at +14.5%. At the same time, Morocco (+38.6%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in Africa, with a CAGR of +38.6% from 2012-2022. While the share of South Africa (+4.3 p.p.) and Morocco (+2.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest lysine supplier in Africa, comprising 97% of total exports. The second position in the ranking was held by Morocco ($X), with a 2.3% share of total exports.

In South Africa, lysine exports increased at an average annual rate of +12.0% over the period from 2012-2022.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, waning by -4% against the previous year. Overall, the export price recorded a noticeable slump. The pace of growth appeared the most rapid in 2020 an increase of 47% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably 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 (-2.2%).

Lysine Imports

Imports in Africa

In 2022, lysine imports in Africa rose significantly to X tons, increasing by 8.3% on the year before. Total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +9.1% 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 +7.4% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 51%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, lysine imports soared to $X in 2022. Over the period under review, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 47%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

South Africa (X tons), Egypt (X tons) and Morocco (X tons) represented roughly 73% of total imports in 2022. Nigeria (X tons) held an 8.4% share (based on physical terms) of total imports, which put it in second place, followed by Algeria (4.8%). Tunisia (X tons) and Kenya (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Algeria (with a CAGR of +54.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), South Africa ($X) and Morocco ($X) constituted the countries with the highest levels of imports in 2022, with a combined 72% share of total imports. Nigeria, Algeria, Tunisia and Kenya lagged somewhat behind, together accounting for a further 20%.

Algeria, with a CAGR of +45.6%, recorded 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

In 2022, the import price in Africa amounted to $X per ton, picking up by 17% against the previous year. Overall, the import price, however, showed a noticeable shrinkage. The growth pace was the most rapid in 2021 an increase of 41% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 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 Nigeria ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (-0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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