Africa: Ice Cream Market 2024

Ice Cream Market Size in Africa

The African ice cream market rose notably to $X in 2023, growing by X% against the previous year. The total consumption indicated a resilient 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, consumption decreased by X% against 2021 indices. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Ice Cream Production in Africa

In value terms, ice cream production expanded sharply to $X in 2023 estimated in export price. The total production 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, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Ice Cream Exports

Exports in Africa

In 2023, exports of ice cream in Africa reached X tons, approximately reflecting the previous year. Total exports indicated a noticeable 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of export peaked in 2023 and is likely to continue growth in the immediate term.

In value terms, ice cream exports rose modestly to $X in 2023. In general, exports showed a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Exports by Country

In 2023, South Africa (X tons) represented the key exporter of ice cream, comprising X% of total exports. It was distantly followed by Ghana (X tons), comprising a X% share of total exports. The following exporters - Kenya (X tons), Egypt (X tons), Tunisia (X tons) and Libya (X tons) - together made up X% of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2023. At the same time, Ghana (X%), Libya (X%), Kenya (X%), Tunisia (X%) and Egypt (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. Ghana (X p.p.) and South Africa (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In South Africa, ice cream exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Egypt (X% per year).

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, with an increase of X% against the previous year. Export price indicated a tangible increase from 2012 to 2023: its price 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, ice cream export price decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2020 when the export price increased by X%. The level of export peaked at $X per ton in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.

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

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

Ice Cream Imports

Imports in Africa

In 2023, after two years of growth, there was significant decline in supplies from abroad of ice cream, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked at X tons in 2022, and then dropped in the following year.

In value terms, ice cream imports reached $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2023 and are expected to retain growth in the near future.

Imports by Country

Botswana (X tons) and Cote d'Ivoire (X tons) represented roughly X% of total imports in 2023. Namibia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Morocco (X%) and South Africa (X%). The following importers - Mozambique (X tons), Burkina Faso (X tons), Senegal (X tons), Tunisia (X tons), Benin (X tons), Swaziland (X tons), Libya (X tons) and Nigeria (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 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, Morocco ($X) constitutes the largest market for imported ice cream in Africa, comprising X% of total imports. The second position in the ranking was held by Botswana ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Morocco amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Botswana (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2023, increasing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, import prices reached the maximum in 2023 and is likely to see gradual growth in years to come.

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 ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform