According to the Rabobank March 2018 report, Africa plays a minor role in global vegetable oil consumption and production. However, imports are growing fast, and Africa is the world’s third-largest importer of palm oil.

Per capita vegetable oil consumption in Sub-Saharan Africa is low compared to major consumers worldwide.

The gap between production and consumption is expected to widen further, triggering additional vegetable oil imports.

Conclusion:

• Trade of vegetable oils into Africa will increase significantly (by33%) through 2030, with population growth being the key driver.
• African markets in need of supply will source from multiple emerging markets (South-East Asia, South America, Black Sea Region), but the price advantage will support palm oil imports.
• Increase in palm oil production in the west is not enough to meet regional demand.
• Increased demand for vegetable oil potentially drives more investments in African refining capacity.

Source: Rabobank Report – March 2018

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