Africa: Fats Preparation Machinery Market 2024

Fats Preparation Machinery Market Size in Africa

The African fats preparation machinery market declined sharply to $X in 2022, with a decrease of -23.6% against the previous year. Over the period under review, consumption recorded a mild setback. As a result, consumption attained the peak level of $X, and then contracted significantly in the following year.

Fats Preparation Machinery Production in Africa

In value terms, fats preparation machinery production reduced to $X in 2022 estimated in export price. Overall, production, however, showed moderate growth. The pace of growth was the most pronounced in 2014 when the production volume increased by 241%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Fats Preparation Machinery Exports

Exports in Africa

Fats preparation machinery exports fell rapidly to X units in 2022, which is down by -46.6% on the previous year's figure. In general, exports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of 6,104% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, fats preparation machinery exports dropped slightly to $X in 2022. Overall, exports, however, posted a perceptible increase. The growth pace was the most rapid in 2017 with an increase of 176% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then contracted in the following year.

Exports by Country

In 2022, Egypt (X units) was the key exporter of machinery for the extraction or preparation of animal or fixed vegetable fats or oils, creating 59% of total exports. South Africa (X units) ranks second in terms of the total exports with a 25% share, followed by Namibia (9.3%). Tunisia (X units) followed a long way behind the leaders.

Egypt was also the fastest-growing in terms of the machinery for the extraction or preparation of animal or fixed vegetable fats or oils exports, with a CAGR of +90.4% from 2012 to 2022. At the same time, Namibia (+47.6%), South Africa (+40.1%) and Tunisia (+17.7%) displayed positive paces of growth. While the share of Egypt (+59 p.p.), South Africa (+22 p.p.) and Namibia (+8.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) remains the largest fats preparation machinery supplier in Africa, comprising 60% of total exports. The second position in the ranking was taken by South Africa ($X), with a 28% share of total exports. It was followed by Tunisia, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Egypt stood at +66.2%. The remaining exporting countries recorded the following average annual rates of exports growth: South Africa (+45.3% per year) and Tunisia (+7.8% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, jumping by 84% against the previous year. Over the period under review, the export price, however, continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2019 an increase of 842%. The level of export peaked at $X per unit in 2012; however, from 2013 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 South Africa ($X per unit), while Namibia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+6.3%), while the other leaders experienced mixed trends in the export price figures.

Fats Preparation Machinery Imports

Imports in Africa

Fats preparation machinery imports contracted rapidly to X units in 2022, declining by -70.8% compared with the year before. In general, imports showed a deep downturn. The growth pace was the most rapid in 2021 when imports increased by 273% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, fats preparation machinery imports skyrocketed to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, South Africa (X units), Nigeria (X units), Togo (X units) and Benin (X units) was the major importer of machinery for the extraction or preparation of animal or fixed vegetable fats or oils in Africa, comprising 49% of total import. Morocco (X units) ranks next in terms of the total imports with a 5.1% share, followed by Egypt (4.6%). The following importers - Tanzania (X units), Algeria (X units), Zimbabwe (X units), Sudan (X units), Kenya (X units), Cote d'Ivoire (X units) and Mozambique (X units) - together made up 25% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Togo (with a CAGR of +70.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported machinery for the extraction or preparation of animal or fixed vegetable fats or oils in Africa, comprising 41% of total imports. The second position in the ranking was taken by Algeria ($X), with a 5.6% share of total imports. It was followed by Morocco, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria totaled +20.6%. In the other countries, the average annual rates were as follows: Algeria (+9.9% per year) and Morocco (+3.9% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2022, rising by 390% against the previous year. Over the period under review, the import price enjoyed a significant expansion. As a result, import price attained the peak level 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 ($X per unit), while Benin ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+27.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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