Africa: Tallow Market 2024

Tallow Market Size in Africa

In 2022, the African tallow market increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, continues to indicate a slight descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Tallow Production in Africa

In value terms, tallow production skyrocketed to $X in 2022 estimated in export price. The total production indicated mild growth from 2012 to 2022: its value 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, production increased by X% against 2020 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

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Tallow Exports

Exports in Africa

For the third consecutive year, Africa recorded decline in shipments abroad of tallow, which decreased by X% to X tons in 2022. Overall, exports, however, showed a perceptible expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, tallow exports declined remarkably to $X in 2022. In general, exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa dominates exports structure, accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by Senegal (X tons), creating a X% share of total exports. Namibia (X tons) and Botswana (X tons) followed a long way behind the leaders.

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

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

From 2012 to 2022, the average annual growth rate of value in South Africa totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (X% per year) and Namibia (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 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 Namibia ($X per ton), while Senegal ($X per ton) was amongst the lowest.

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

Tallow Imports

Imports in Africa

In 2022, approx. X tons of tallow were imported in Africa; dropping by X% compared with 2021 figures. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, tallow imports fell remarkably to $X in 2022. Over the period under review, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Africa (X tons) was the largest importer of tallow, making up X% of total imports. It was distantly followed by Egypt (X tons), Mozambique (X tons) and Madagascar (X tons), together committing a X% share of total imports. The following importers - Swaziland (X tons) and Zimbabwe (X tons) - each reached a X% share of total imports.

Imports into South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Egypt (X%), Mozambique (X%), Swaziland (X%) and Zimbabwe (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Madagascar (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa, Egypt, Mozambique, Swaziland, Zimbabwe and Madagascar increased by X, X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest tallow importing markets in Africa were Egypt ($X), South Africa ($X) and Madagascar ($X), with a combined X% share of total imports.

Egypt, 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

The import price in Africa stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price showed perceptible growth. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

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

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

Source: IndexBox Platform

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