Africa: Palm Fruit Oil Market 2020

Palm Fruit Oil Market Size in Africa

The revenue of the palm fruit oil market in Africa amounted to $X in 2017, increasing by X% against the previous year. The palm fruit oil consumption continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2008, with an increase of X% year-to-year. Over the period under review, the palm fruit oil market reached its maximum level of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Palm Fruit Oil Production in Africa

The palm fruit oil production stood at X tons in 2017, flattening at the previous year. The palm fruit oil production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, with an increase of X% against the previous year. Over the period under review, the palm fruit oil production attained its peak figure volume of X tons in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Palm Fruit Oil Exports

Exports in Africa

In 2017, palm fruit oil exports in Africa stood at X tons, reducing by -X% against the previous year. The palm fruit oil exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, with an increase of X% year-to-year. Over the period under review, the palm fruit oil exports attained its peak figure volume of X tons in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

In value terms, palm fruit oil exports stood at $X in 2017. The total exports indicated a notable growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the palm fruit oil exports decreased by -X% against 2012 indices. Over the period under review, the palm fruit oil exports reached its peak figure level of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Exports by Country

Ghana was the largest exporting country with an export of about X tons, which reached X% of total exports. It was distantly followed by Cote d'Ivoire (X tons), Uganda (X tons), Togo (X tons), Mauritius (X tons), Egypt (X tons) and South Africa (X tons), together committing X% share of total exports. Mozambique (X tons) held the slight share of total exports.

From 2007 to 2017, average annual rates of growth with regard to palm fruit oil exports from Ghana stood at +X%. At the same time, Mauritius (+X%), Mozambique (+X%), Togo (+X%), Uganda (+X%), South Africa (+X%) and Egypt (+X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest growing exporter in Africa, with a CAGR of +X% from 2007-2017. By contrast, Cote d'Ivoire (-X%) illustrated a downward trend over the same period. Cote d'Ivoire (X%) significantly strengthened its position in terms of the global exports, while Mozambique, Uganda, Mauritius, Togo and Ghana saw its share reduced by -X%, -X%, -X%, -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest palm fruit oil markets worldwide were Ghana ($X), Cote d'Ivoire ($X) and Uganda ($X), together comprising X% of total exports. These countries were followed by Togo, Egypt, South Africa, Mauritius and Mozambique, which together accounted for a further X%.

Mauritius (+X% per year) recorded the highest growth rate of exports, among the main exporting countriesover the last decade, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2017, the palm fruit oil export price in Africa amounted to $X per ton, picking up by X% against the previous year. The export price indicated a perceptible increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2008, an increase of X% against the previous year. Over the period under review, the export prices for palm fruit oil reached its maximum level of $X per ton in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Egypt ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Egypt (+X% per year), while the other leaders experienced more modest paces of growth.

Palm Fruit Oil Imports

Imports in Africa

In 2017, the amount of palm fruit oil imported in Africa amounted to X tons, surging by X% against the previous year. The palm fruit oil imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017, when imports increased by X% year-to-year. In that year, the palm fruit oil imports attained their peak volume, and are likely to continue its growth in the immediate term.

In value terms, palm fruit oil imports totaled $X in 2017. The palm fruit oil imports continue to indicate a remarkable growth. The level of imports peaked in 2017, and are expected to retain its growth in the near future.

Imports by Country

In 2017, Ghana (X tons), distantly followed by Kenya (X tons), Egypt (X tons), Ethiopia (X tons), Benin (X tons), South Africa (X tons) and Togo (X tons) represented the key importers of palm fruit oil, together mixed up X% of total imports. Uganda (X tons), Tanzania (X tons), Djibouti (X tons), Nigeria (X tons) and Senegal (X tons) took the minor share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Ghana (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest palm fruit oil markets worldwide were Egypt ($X), Kenya ($X) and Ethiopia ($X), with a combined X% share of total imports. These countries were followed by Benin, Togo, South Africa, Ghana, Uganda, Nigeria, Tanzania, Djibouti and Senegal, which together accounted for a further X%.

In terms of the main importing countries, Ghana (+X% per year) recorded the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The palm fruit oil import price in Africa stood at $X per ton in 2017, leveling off at the previous year. The palm fruit oil import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008, when the import prices increased by X% year-to-year. Over the period under review, the import prices for palm fruit oil reached its maximum level of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Egypt ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Benin (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform