SADC: Oil Crops Market 2024

Oil Crops Market Size in SADC

The SADC oil crops market declined to $X in 2022, falling by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Oil Crops Production in SADC

In value terms, oil crops production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Tanzania (X tons), Democratic Republic of the Congo (X tons) and South Africa (X tons), together comprising X% of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by South Africa (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average oil crops yield declined modestly to X tons per ha in 2022, standing approx. at the year before. Overall, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by X% against the previous year. Over the period under review, the oil crops yield attained the peak level at X tons per ha in 2021, and then declined in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The oil crops harvested area fell modestly to X ha in 2022, waning by X% compared with 2021 figures. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the harvested area dedicated to oil crops production reached the maximum at X ha in 2021, and then contracted modestly in the following year.

Oil Crops Exports

Exports in SADC

In 2022, shipments abroad of oil crops (primary) increased by X% to X tons, rising for the fifth year in a row after five years of decline. In general, exports posted moderate growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, oil crops exports soared to $X in 2022. Overall, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

The biggest shipments were from South Africa (X tons), Tanzania (X tons) and Mozambique (X tons), together amounting to X% of total export. It was distantly followed by Malawi (X tons), constituting an X% share of total exports. Zambia (X tons) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Mozambique (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Tanzania ($X) and Mozambique ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, Mozambique, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, which is down by X% against the previous year. Export price indicated tangible growth from 2012 to 2022: its price 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, oil crops export price decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 Tanzania ($X per ton), while Malawi ($X per ton) was amongst the lowest.

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

Oil Crops Imports

Imports in SADC

In 2022, overseas purchases of oil crops (primary) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, continue to indicate mild growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, oil crops imports declined to $X in 2022. Over the period under review, imports, however, posted perceptible growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Mozambique (X tons), South Africa (X tons) and Zimbabwe (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Tanzania (X tons), making up a X% share of total imports. The following importers - Lesotho (X tons) and Botswana (X tons) - each finished at a X% share of total imports.

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

In value terms, the largest oil crops importing markets in SADC were Mozambique ($X), South Africa ($X) and Zimbabwe ($X), together comprising X% of total imports.

Zimbabwe, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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

In 2022, the import price in SADC amounted to $X per ton, picking up by X% against the previous year. Import price indicated a moderate increase from 2012 to 2022: its price 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, oil crops import price increased by X% against 2018 indices. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, import prices reached the peak figure in 2022 and is likely to continue growth in years to come.

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 Mozambique ($X per ton), while Lesotho ($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 (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform