Africa: Wheat Market 2024

Wheat Market Size in Africa

In 2022, the African wheat market increased by X% to $X, rising for the sixth consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Wheat Production in Africa

In value terms, wheat production fell to $X in 2022 estimated in export price. The total production indicated a pronounced expansion 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. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Egypt (X tons), Ethiopia (X tons) and Morocco (X tons), together comprising X% of total production. Algeria, South Africa, Tunisia and Sudan lagged somewhat behind, together comprising a further X%.

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

In 2022, the average wheat yield in Africa fell to X tons per ha, waning by X% against the previous year. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha, and then fell 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.

In 2022, the wheat harvested area in Africa stood at X ha, with an increase of X% against 2021 figures. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, the harvested area reached the peak level of X ha. From 2018 to 2022, the growth of the wheat harvested area remained at a somewhat lower figure.

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Wheat Exports

Exports in Africa

For the fourth year in a row, Africa recorded growth in shipments abroad of wheat, which increased by X% to X tons in 2022. Over the period under review, exports continue to indicate a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, wheat exports skyrocketed to $X in 2022. Overall, exports recorded a strong increase. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. 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

South Africa prevails in exports structure, amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Liberia (X tons), committing a X% share of total exports. Senegal (X tons) held a little share of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Senegal (X%) and Liberia (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. South Africa (X p.p.), Senegal (X p.p.) and Liberia (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 ($X) remains the largest wheat supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Senegal ($X), with a X% share of total exports.

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 Liberia (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a 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 Senegal ($X per ton), while Liberia ($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 export price figures.

Wheat Imports

Imports in Africa

In 2022, the amount of wheat imported in Africa rose rapidly to X tons, picking up by X% on the year before. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, wheat imports expanded sharply to $X in 2022. Total imports indicated moderate 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, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Algeria (X tons), distantly followed by Egypt (X tons), Morocco (X tons), Sudan (X tons) and Nigeria (X tons) represented the largest importers of wheat, together mixing up X% of total imports. Tunisia (X tons), South Africa (X tons), Kenya (X tons), Libya (X tons), Ethiopia (X tons), Cameroon (X tons), Ghana (X tons) and Senegal (X tons) followed a long way behind the leaders.

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

In value terms, Egypt ($X), Algeria ($X) and Morocco ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Nigeria, Tunisia, Ethiopia, Sudan, Kenya, South Africa, Libya, Senegal, Cameroon and Ghana lagged somewhat behind, together accounting for a further X%.

Tunisia, with a CAGR of X%, saw 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 2022, the import price in Africa amounted to $X per ton, surging by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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 Nigeria ($X per ton), while Sudan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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