Africa: Bread And Bakery Market 2024

Bread And Bakery Market Size in Africa

The African bread and bakery market amounted to $X in 2023, leveling off at the previous year. Overall, consumption saw a perceptible decrease. The pace of growth appeared the most rapid in 2017 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Bread And Bakery Production in Africa

In value terms, bread and bakery production totaled $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Bread And Bakery Exports

Exports in Africa

After two years of growth, overseas shipments of bread and bakery decreased by X% to X tons in 2023. Total exports indicated a modest increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2023, the growth of the exports failed to regain momentum.

In value terms, bread and bakery exports dropped to $X in 2023. Total exports indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2022, and then declined in the following year.

Exports by Country

South Africa (X tons), Zambia (X tons) and Egypt (X tons) represented roughly X% of total exports in 2023. Tunisia (X tons) ranks next in terms of the total exports with a X% share, followed by Senegal (X%) and Ghana (X%). The following exporters - Rwanda (X tons), Morocco (X tons), Ethiopia (X tons), Uganda (X tons), Zimbabwe (X tons) and Cameroon (X tons) - together made up X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Rwanda (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), South Africa ($X) and Zambia ($X) constituted the countries with the highest levels of exports in 2023, together comprising X% of total exports. Tunisia, Morocco, Ethiopia, Ghana, Rwanda, Senegal, Uganda, Zimbabwe and Cameroon lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Morocco, with a CAGR of X%, saw the highest rates of growth with regard to 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 2023, the export price in Africa amounted to $X per ton, rising by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. The level of export peaked in 2023 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the other leaders experienced more modest paces of growth.

Bread And Bakery Imports

Imports in Africa

For the third consecutive year, Africa recorded growth in supplies from abroad of bread and bakery, which increased by X% to X tons in 2023. Total imports indicated a measured expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2021 when imports increased by X%. The volume of import peaked in 2023 and is likely to see gradual growth in years to come.

In value terms, bread and bakery imports expanded sharply to $X in 2023. Total imports indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked in 2023 and is likely to see steady growth in the near future.

Imports by Country

In 2023, Nigeria (X tons), distantly followed by Democratic Republic of the Congo (X tons), Libya (X tons), South Africa (X tons), Morocco (X tons) and Angola (X tons) represented the largest importers of bread and bakery, together achieving X% of total imports. The following importers - Cote d'Ivoire (X tons), Senegal (X tons), Somalia (X tons), Mozambique (X tons), Mauritania (X tons), Sudan (X tons) and Congo (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Nigeria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bread and bakery importing markets in Africa were Libya ($X), Morocco ($X) and Nigeria ($X), together accounting for X% of total imports.

Nigeria, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2023, the import price in Africa amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The level of import peaked at $X per ton in 2022, and then declined in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Morocco ($X per ton), while Angola ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Somalia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform