Groundnutoil-cake market in Africa

Earlier Report Observations

Government initiatives, such as Nigeria's presidential focus on oil seed crops, aimed at self-sufficiency and set high production targets, creating a favorable environment for the groundnut oil-cake sector. This policy backdrop, combined with the entry of new small and medium-scale oil mills using improved mechanical pressing technology, supported a rise in production to 2 053 thousand tons in 2019. Although production dipped to 1 946 thousand tons in 2020, the ongoing regulatory restrictions on edible oil imports and advancements in solvent extraction methods continued to shape the market's fundamentals.

The market rebounded in 2021 with production reaching 2 012 thousand tons, driven by investments in new processing facilities and expansion of existing mills to meet robust domestic demand fueled by consumer preference for local, natural oils. This growth was sharply reversed in 2022 when production plummeted to 1 434 thousand tons and market volume fell to 1 293 thousand tons, primarily due to global supply chain disruptions and fluctuating commodity prices that impacted raw material availability and costs across Africa.

A partial recovery occurred in 2023, with production edging up to 1 468 thousand tons and market volume increasing to 1 382 thousand tons, indicating a stabilization after the previous year's significant contraction.

Production groundnutoil-cake in Africa

In kind, 2017-2020, K t

Top producers of groundnutoil-cake, 2017-2020

World map of production of groundnutoil-cake, 2017-2020

After two consecutive years of growth, Africa's groundnut oil-cake production volume declined. In 2020, Africa produced 1,946 thousand tonnes of groundnut oil-cake, marking a 5.2% decrease compared to the previous year. Over the period from 2017 to 2020, production increased by 8.4%, which translates to an average annual growth rate of 2.7%. The highest production level was recorded in 2019 at 2,053 thousand tonnes, with the largest year-on-year increase occurring in 2018 at 10.3%.

Annual dynamics of production in Africa in kind, 2017-2020, K t

Exports groundnutoil-cake from Africa

Exports in kind, K t

The market for groundnut oil-cake exports from Africa experienced significant fluctuations during this period. The lowest export volume was recorded in 2018 at 37.6 thousand tonnes, while the peak was reached in 2019 at 113.2 thousand tonnes, representing a threefold difference between these two years. In 2020, Africa exported 93.3 thousand tonnes of groundnut oil-cake, which was 17.6% lower than in 2019. The largest decline occurred in 2018 at 51.9%, while the most substantial increase was recorded in 2019 at 201.3%.

Annual dynamics of product's exports from Africa in kind, 2017-2020, K t

From 2017 to 2020, China remained the dominant and nearly exclusive destination for Africa's groundnut oil-cake exports in kind, accounting for 94.9% of the total.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Africa in kind, 2017-2020

Exports in value, K $ US

The value of groundnut oil-cake exports from Africa showed notable volatility during this timeframe. The lowest value was recorded in 2017, while the highest was in 2019, with a 1.8-fold gap between these years. In 2020, cross-border shipments of groundnut oil-cake from Africa amounted to 35,637 thousand US dollars, reflecting a significant drop of 11.3% compared to the previous year. The maximum value was achieved in 2019 at 40,197 thousand US dollars, with the largest increase occurring that same year at 70.9%.

Annual dynamics of product's exports from Africa in value, 2017-2020, K $ US

Between 2017 and 2020, Africa's groundnut oil-cake exports in value terms were almost entirely concentrated on China, which accounted for 94.9% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Africa in value, 2017-2020

Imports groundnutoil-cake to Africa

Imports in kind, K t

In 2020, Africa imported 2.4 thousand tonnes of groundnut oil-cake, representing a 31.0% decrease from the previous year. Over the period from 2017 to 2020, imports declined by 53.2%, equivalent to an average annual decrease of 22.4%. The largest decline was recorded in 2018 at 45.0%, while the most significant increase occurred in 2019 at 23.1%.

Annual dynamics of product's imports to Africa in kind, 2017-2020, K t

From 2017 to 2020, Argentina (with 1.1% of imports in kind), Antigua and Barbuda (0.9%), and India (0.8%) played the leading roles in groundnut oil-cake imports to Africa, collectively accounting for 2.8% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Africa in kind, 2017-2020

Imports in value, K $ US

In 2020, Africa's groundnut oil-cake import volumes amounted to 1,346 thousand US dollars, which was 15.9% lower than the previous year. Between 2017 and 2020, imports decreased by 29.8%, translating to an average annual decline of 11.1%. The largest drop was recorded in 2018 at 28.8%, while the most substantial increase occurred in 2019 at 17.2%.

Annual dynamics of product's imports to Africa in value, 2017-2020, K $ US

During the 2017–2020 period, Antigua and Barbuda (with 3.9% of imports in value terms), India (2.9%), and Argentina (2.1%) consistently remained the main sources for Africa's groundnut oil-cake imports in value terms, together accounting for 8.9% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Africa in value, 2017-2020