Africa: Ghee Market 2024

Ghee Market Size in Africa

In 2022, after three years of decline, there was significant growth in the African ghee market, when its value increased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Ghee Production in Africa

In value terms, ghee production reduced modestly to $X in 2022 estimated in export price. Overall, production saw a buoyant increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Ethiopia (X tons), Tanzania (X tons) and Somalia (X tons), together accounting for X% of total production. Uganda, Burkina Faso, South Africa and Eritrea lagged somewhat behind, together accounting for a further X%.

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

Ghee Exports

Exports in Africa

In 2022, shipments abroad of ghee increased by X% to X tons, rising for the fourth consecutive year after two years of decline. In general, exports enjoyed a pronounced expansion. The growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, ghee exports expanded remarkably to $X in 2022. Over the period under review, exports showed a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Uganda (X tons) represented the key exporter of ghee, mixing up X% of total exports. South Africa (X tons) took the second position in the ranking, distantly followed by Egypt (X tons) and Kenya (X tons). All these countries together took approx. X% share of total exports.

Uganda was also the fastest-growing in terms of the ghee exports, with a CAGR of X% from 2012 to 2022. At the same time, Kenya (X%) and South Africa (X%) displayed positive paces of growth. By contrast, Egypt (X%) illustrated a downward trend over the same period. While the share of Uganda (X p.p.) and Kenya (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (X p.p.) and Egypt (X p.p.) displayed negative dynamics.

In value terms, Uganda ($X), Egypt ($X) and South Africa ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

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

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price, however, showed a perceptible expansion. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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

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

Ghee Imports

Imports in Africa

In 2022, ghee imports in Africa expanded markedly to X tons, growing by X% compared with 2021 figures. Over the period under review, imports, however, saw a noticeable shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X%. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, ghee imports skyrocketed to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Egypt (X tons) was the key importer of ghee, creating X% of total imports. Libya (X tons) ranks second in terms of the total imports with an X% share, followed by Algeria (X%), Ghana (X%) and Nigeria (X%). The following importers - Cote d'Ivoire (X tons), Morocco (X tons), Democratic Republic of the Congo (X tons), Mauritius (X tons) and Angola (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Cote d'Ivoire (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

In Egypt, ghee imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Libya (X% per year) and Algeria (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is likely to see steady 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 Mauritius ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, 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.

Source: IndexBox Platform

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