Africa: Solid Biofuel Market 2024

Solid Biofuel Market Size in Africa

In 2022, after three years of growth, there was significant decline in the African solid biofuel market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The level of consumption peaked at $X in 2021, and then dropped in the following year.

Solid Biofuel Production in Africa

In value terms, solid biofuel production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Solid Biofuel Exports

Exports in Africa

In 2022, the amount of solid biofuels exported in Africa declined significantly to X tons, dropping by X% compared with the year before. In general, exports showed a mild decline. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, solid biofuel exports contracted sharply to $X in 2022. Overall, exports, however, recorded modest growth. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Namibia was the major exporting country with an export of around X tons, which finished at X% of total exports. It was distantly followed by South Africa (X tons), mixing up a X% share of total exports. Egypt (X tons), Ghana (X tons) and Cote d'Ivoire (X tons) followed a long way behind the leaders.

Exports from Namibia increased at an average annual rate of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, South Africa (X%) and Egypt (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Namibia, Cote d'Ivoire and Ghana increased by X, X and X percentage points, respectively.

In value terms, Namibia ($X) remains the largest solid biofuel supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by South Africa ($X), with a X% share of total exports. It was followed by Egypt, with a X% share.

In Namibia, solid biofuel exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: South Africa (X% per year) and Egypt (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, remaining constant against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Cote d'Ivoire ($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 (X%), while the other leaders experienced more modest paces of growth.

Solid Biofuel Imports

Imports in Africa

In 2022, the amount of solid biofuels imported in Africa surged to X tons, growing by X% compared with 2021. Total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, solid biofuel imports surged to $X in 2022. Overall, imports saw buoyant growth. The growth pace was the most rapid in 2013 when imports increased by X%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

South Africa represented the largest importer of solid biofuels in Africa, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Senegal (X tons), achieving an X% share of total imports. Libya (X tons) and Niger (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to solid biofuel imports into South Africa stood at X%. At the same time, Niger (X%), Senegal (X%) and Libya (X%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Senegal (X p.p.), Niger (X p.p.) and Libya (X p.p.) significantly strengthened its position in terms of the total imports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Senegal ($X) constitutes the largest market for imported solid biofuels in Africa, comprising X% of total imports. The second position in the ranking was held by South Africa ($X), with a X% share of total imports. It was followed by Libya, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Senegal totaled X%. In the other countries, the average annual rates were as follows: South Africa (X% per year) and Libya (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, picking up by X% against the previous year. Overall, the import price posted a remarkable increase. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

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 Senegal ($X per ton), while Niger ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :