Africa: Prepared Baking Powder Market 2024

Prepared Baking Powder Market Size in Africa

The African prepared baking powder market declined to $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Prepared Baking Powder Production in Africa

In value terms, prepared baking powder production stood at $X in 2022 estimated in export price. Over the period under review, production enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 50%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Prepared Baking Powder Exports

Exports in Africa

In 2022, approx. X tons of prepared baking powders were exported in Africa; picking up by 25% compared with the year before. In general, exports saw a strong increase. The pace of growth appeared the most rapid in 2020 when exports increased by 40% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in the near future.

In value terms, prepared baking powder exports skyrocketed to $X in 2022. Overall, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 64% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

Egypt was the major exporting country with an export of about X tons, which accounted for 57% of total exports. Kenya (X tons) held the second position in the ranking, distantly followed by Tunisia (X tons) and South Africa (X tons). All these countries together held near 39% share of total exports.

Egypt was also the fastest-growing in terms of the prepared baking powders exports, with a CAGR of +84.2% from 2012 to 2022. At the same time, Tunisia (+11.3%) and Kenya (+2.8%) displayed positive paces of growth. By contrast, South Africa (-3.2%) illustrated a downward trend over the same period. Egypt (+57 p.p.) significantly strengthened its position in terms of the total exports, while South Africa and Kenya saw its share reduced by -21.9% and -32.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) remains the largest prepared baking powder supplier in Africa, comprising 66% of total exports. The second position in the ranking was held by Kenya ($X), with a 15% share of total exports. It was followed by South Africa, with a 9% share.

From 2012 to 2022, the average annual growth rate of value in Egypt amounted to +84.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Kenya (+3.5% per year) and South Africa (-1.5% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, picking up by 3.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2013 when the export price increased by 19%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Kenya ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+1.8%), while the other leaders experienced more modest paces of growth.

Prepared Baking Powder Imports

Imports in Africa

In 2022, the amount of prepared baking powders imported in Africa shrank to X tons, with a decrease of -3.4% against 2021 figures. In general, imports, however, recorded a temperate increase. The growth pace was the most rapid in 2017 when imports increased by 63% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, prepared baking powder imports contracted to $X in 2022. Overall, imports, however, showed a moderate increase. The most prominent rate of growth was recorded in 2017 when imports increased by 54%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Nigeria (X tons), distantly followed by Uganda (X tons), Angola (X tons), Mozambique (X tons), Libya (X tons) and Democratic Republic of the Congo (X tons) represented the main importers of prepared baking powders, together generating 58% of total imports. Ethiopia (X tons), Zambia (X tons), Rwanda (X tons), Ghana (X tons), Togo (X tons), Tanzania (X tons) and Cameroon (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of +19.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Angola ($X), Nigeria ($X) and Uganda ($X) were the countries with the highest levels of imports in 2022, together comprising 35% of total imports.

Angola, with a CAGR of +17.7%, 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

The import price in Africa stood at $X per ton in 2022, waning by -4.2% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 13% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Libya ($X per ton), while Togo ($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 (+7.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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