IndexBox has just published a new report: ‘Africa – Grain – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.
The revenue of the grain market in Africa amounted to $109B in 2018, picking up by 9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price).
The market value increased at an average annual rate of +1.4% over the period from 2014 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years.
The countries with the highest volumes of grain consumption in 2018 were Egypt (44M tonnes), Nigeria (31M tonnes) and Ethiopia (26M tonnes), together comprising 37% of total consumption. These countries were followed by Algeria, Morocco, South Africa, Tanzania, Mali, Sudan, Kenya, Niger and Tunisia, which together accounted for a further 38%.