Africa: Festive Articles Market 2024

Festive Articles Market Size in Africa

The African festive articles market surged to $X in 2022, rising by X% against the previous year. In general, consumption enjoyed a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Festive Articles Production in Africa

In value terms, festive articles production expanded modestly to $X in 2022 estimated in export price. The total production indicated strong 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Festive Articles Exports

Exports in Africa

In 2022, approx. X tons of festive or carnival articles were exported in Africa; waning by X% compared with the previous year's figure. Total exports indicated prominent growth from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, festive articles exports soared to $X in 2022. Over the period under review, exports, however, enjoyed resilient growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, South Africa (X tons) was the major exporter of festive or carnival articles, achieving X% of total exports. It was distantly followed by Egypt (X tons), achieving a X% share of total exports. Uganda (X tons), Kenya (X tons), Madagascar (X tons), Tunisia (X tons), Tanzania (X tons), Rwanda (X tons), Cameroon (X tons), Morocco (X tons) and Ethiopia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Rwanda (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 2022, with a combined X% share of total exports. Madagascar, Cameroon, Morocco, Uganda, Kenya, Ethiopia, Tanzania and Rwanda lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Madagascar, with a CAGR of X%, saw the highest growth rate of 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 2022, the export price in Africa amounted to $X per ton, with an increase of X% against the previous year. In general, the export price saw a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, 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 Tunisia ($X per ton), while Rwanda ($X per ton) was amongst the lowest.

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

Festive Articles Imports

Imports in Africa

Festive articles imports rose markedly to X tons in 2022, picking up by X% compared with 2021 figures. In general, imports saw strong growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, festive articles imports reduced to $X in 2022. Over the period under review, imports saw a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

South Africa (X tons) and Mauritania (X tons) represented the major importers of festive or carnival articles in 2022, amounting to approx. X% and X% of total imports, respectively. Senegal (X tons) took the next position in the ranking, followed by Democratic Republic of the Congo (X tons) and Ethiopia (X tons). All these countries together took approx. X% share of total imports. Algeria (X tons), Angola (X tons), Morocco (X tons), Nigeria (X tons), Libya (X tons), Djibouti (X tons), Ghana (X tons) and Kenya (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Djibouti (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Algeria ($X) and Morocco ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Ethiopia, Libya, Ghana, Djibouti, Angola, Kenya, Mauritania, Democratic Republic of the Congo, Senegal and Nigeria lagged somewhat behind, together accounting for a further X%.

Ghana, 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 2022, the import price in Africa amounted to $X per ton, which is down by X% against the previous year. In general, the import price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Libya ($X per ton), while Mauritania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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