Africa: Market for Fresh Bread and Miscellaneous Bakery 2024

Market Size for Fresh Bread and Miscellaneous Bakery in Africa

The African market for fresh bread and miscellaneous bakery was estimated at $X in 2023, rising by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Production of Fresh Bread and Miscellaneous Bakery in Africa

In value terms, fresh bread and miscellaneous bakery production stood at $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Exports of Fresh Bread and Miscellaneous Bakery

Exports in Africa

In 2023, overseas shipments of fresh bread and miscellaneous bakery decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2022 with an increase of X%. As a result, the exports attained the peak of X tons, and then contracted in the following year.

In value terms, fresh bread and miscellaneous bakery exports fell modestly to $X in 2023. Total exports indicated a moderate 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 when exports increased by X%. As a result, the exports attained the peak of $X, and then reduced modestly in the following year.

Exports by Country

In 2023, Egypt (X tons) and South Africa (X tons) were the largest exporters of fresh bread and miscellaneous bakery in Africa, together generating X% of total exports. It was distantly followed by Ethiopia (X tons), Tunisia (X tons) and Morocco (X tons), together generating a X% share of total exports. The following exporters - Algeria (X tons) and Ghana (X tons) - each finished at a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Ghana (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), South Africa ($X) and Tunisia ($X) were the countries with the highest levels of exports in 2023, together comprising X% of total exports. Morocco, Ethiopia, Algeria and Ghana lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Ghana, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, increasing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the export price increased by X%. The level of export peaked in 2023 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2023, 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 Morocco (X%), while the other leaders experienced more modest paces of growth.

Imports of Fresh Bread and Miscellaneous Bakery

Imports in Africa

In 2023, the amount of fresh bread and miscellaneous bakery imported in Africa surged to X tons, increasing by X% against the previous year. Overall, imports saw a buoyant expansion. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in the near future.

In value terms, fresh bread and miscellaneous bakery imports skyrocketed to $X in 2023. Over the period under review, imports recorded a perceptible expansion. The pace of growth was the most pronounced in 2022 when imports increased by X%. The level of import peaked in 2023 and is likely to see gradual growth in years to come.

Imports by Country

In 2023, Nigeria (X tons) represented the main importer of fresh bread and miscellaneous bakery, mixing up X% of total imports. Morocco (X tons) took the second position in the ranking, followed by Libya (X tons) and South Africa (X tons). All these countries together held near X% share of total imports. Mauritius (X tons) and Mozambique (X tons) held a little share of total imports.

Nigeria was also the fastest-growing in terms of the fresh bread and miscellaneous bakery imports, with a CAGR of X% from 2012 to 2023. At the same time, Morocco (X%), Mozambique (X%) and Mauritius (X%) displayed positive paces of growth. South Africa experienced a relatively flat trend pattern. By contrast, Libya (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Nigeria and Morocco increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fresh bread and miscellaneous bakery importing markets in Africa were Nigeria ($X), Morocco ($X) and South Africa ($X), together comprising X% of total imports.

Nigeria, 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

In 2023, the import price in Africa amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price showed a mild setback. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2023, the import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mauritius (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform