Africa: Mushroom And Truffle Market 2024

Mushroom And Truffle Market Size in Africa

In 2022, the African mushroom and truffle market increased by 1.6% to $X, rising for the sixth consecutive year after two years of decline. Over the period under review, consumption, however, posted a prominent expansion. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in years to come.

Mushroom And Truffle Production in Africa

In value terms, mushroom and truffle production stood at $X in 2022 estimated in export price. In general, production, however, saw prominent growth. The pace of growth was the most pronounced in 2013 with an increase of 111% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

South Africa (X tons) constituted the country with the largest volume of mushroom and truffle production, comprising approx. 74% of total volume. Moreover, mushroom and truffle production in South Africa exceeded the figures recorded by the second-largest producer, Madagascar (X tons), tenfold. The third position in this ranking was held by Morocco (X tons), with a 5.9% share.

In South Africa, mushroom and truffle production increased at an average annual rate of +6.9% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Madagascar (+2.6% per year) and Morocco (+0.8% per year).

Mushroom And Truffle Exports

Exports in Africa

In 2022, the amount of mushrooms and truffles exported in Africa fell sharply to X tons, waning by -24.3% against 2021. In general, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2015 when exports increased by 42% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, mushroom and truffle exports contracted remarkably to $X in 2022. Over the period under review, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 63% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa dominates exports structure, amounting to X tons, which was near 75% of total exports in 2022. Tanzania (X tons), Malawi (X tons), Tunisia (X tons), Rwanda (X tons), Libya (X tons), Algeria (X tons), Zambia (X tons) and Morocco (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to mushroom and truffle exports from South Africa stood at -5.4%. At the same time, Rwanda (+107.5%), Tanzania (+22.4%), Libya (+20.4%), Malawi (+15.1%) and Morocco (+6.4%) displayed positive paces of growth. Moreover, Rwanda emerged as the fastest-growing exporter exported in Africa, with a CAGR of +107.5% from 2012-2022. By contrast, Zambia (-3.0%), Tunisia (-19.8%) and Algeria (-27.2%) illustrated a downward trend over the same period. South Africa (+16 p.p.), Tanzania (+4 p.p.), Rwanda (+2.8 p.p.), Malawi (+2.8 p.p.) and Libya (+2.5 p.p.) significantly strengthened its position in terms of the total exports, while Tunisia and Algeria saw its share reduced by -9.6% and -22.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest mushroom and truffle supplier in Africa, comprising 66% of total exports. The second position in the ranking was held by Algeria ($X), with a 10% share of total exports. It was followed by Morocco, with a 5.8% share.

In South Africa, mushroom and truffle exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Algeria (-21.3% per year) and Morocco (+12.8% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, flattening at the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by 73% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 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 Algeria ($X per ton), while Malawi ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Rwanda (+17.3%), while the other leaders experienced more modest paces of growth.

Mushroom And Truffle Imports

Imports in Africa

In 2022, the amount of mushrooms and truffles imported in Africa declined markedly to X tons, with a decrease of -21.3% compared with 2021 figures. Total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +3.8% 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 +32.2% against 2018 indices. The growth pace was the most rapid in 2013 when imports increased by 70% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then fell notably in the following year.

In value terms, mushroom and truffle imports dropped to $X in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 39%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

Morocco was the major importing country with an import of around X tons, which amounted to 48% of total imports. Botswana (X tons) ranks second in terms of the total imports with a 12% share, followed by Nigeria (6.1%) and Mauritius (5.5%). The following importers - Zambia (X tons), Namibia (X tons), Mauritania (X tons), Mozambique (X tons), Swaziland (X tons), Lesotho (X tons) and Kenya (X tons) - together made up 16% of total imports.

From 2012 to 2022, average annual rates of growth with regard to mushroom and truffle imports into Morocco stood at +22.4%. At the same time, Mauritania (+83.8%), Kenya (+12.1%), Nigeria (+9.2%), Mozambique (+7.3%) and Mauritius (+4.5%) displayed positive paces of growth. Moreover, Mauritania emerged as the fastest-growing importer imported in Africa, with a CAGR of +83.8% from 2012-2022. Lesotho experienced a relatively flat trend pattern. By contrast, Zambia (-1.4%), Botswana (-3.2%), Swaziland (-5.1%) and Namibia (-8.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Morocco, Nigeria and Mauritania increased by +39, +2.4 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) constitutes the largest market for imported mushrooms and truffles in Africa, comprising 36% of total imports. The second position in the ranking was held by Mauritius ($X), with a 13% share of total imports. It was followed by Botswana, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Morocco stood at +22.7%. The remaining importing countries recorded the following average annual rates of imports growth: Mauritius (+3.5% per year) and Botswana (+0.7% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, growing by 10% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 18% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Swaziland (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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