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Tigers Caters to Solar Panel Demands with Added Energy Vertical

solar panel

Tigers Caters to Solar Panel Demands with Added Energy Vertical

Tigers announced the addition of a renewables energy-focused vertical to its South African operations, following the opening of its e-commerce facility in the region. The energy vertical will cater to solar panel imports from China through added customs brokerage, local logistics, and warehouse storage.

“These are exciting times for Tigers as we move into the renewable energy sector, which is a growing market, especially in South Africa,” said Paul Lawrence, Managing Dire

“As with the recently opened Tigers e-commerce facility in South Africa, the renewable energy vertical is in line with our progressive approach to freight forwarding and embracing new markets.”

To further support efforts in the evolving sector in South Africa, Tigers also confirmed partnering with the region’s primary manufacturers, including energy solutions company, Energy Partners. Tigers will oversee the distribution of solar panel imports once shipped to Cape Town and Durban, adding to its extensive logistics portfolio.

“In South Africa, there are frequent power failures, and with such high levels of sunshine in the region it makes sense for people to invest in solar power generation,” continued Lawrence.

“We expect the market for renewable energy to continue to grow in the coming years, and Tigers is ready for the demand.”

Credit: Tigers
african sausage

Africa’s Sausage Market Posts Third Consecutive Year of Growth

IndexBox has just published a new report: ‘Africa – Sausages And Similar Products Of Meat – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The revenue of the sausage market in Africa amounted to $6B in 2018, growing by 9.3% 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).

In general, sausage consumption continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2016, with an increase of 17% against the previous year. The level of sausage consumption peaked at $7.4B in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

Production in Africa

In 2018, sausage production in Africa amounted to 2M tonnes, coming down by -3.1% against the previous year.

Exports in Africa

In 2018, the amount of sausages and similar products of meat exported in Africa amounted to 12K tonnes, jumping by 2.3% against the previous year. The total exports indicated a prominent growth from 2008 to 2018: its volume increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the sausage exports increased by +14.3% against 2016 indices.

In value terms, sausage exports totaled $21M (IndexBox estimates) in 2018. Over the period under review, sausage exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013, when exports increased by 16% y-o-y. In that year, sausage exports attained their peak of $30M. From 2014 to 2018, the growth of sausage exports failed to regain its momentum.

Exports by Country

South Africa prevails in sausage exports structure, amounting to 10K tonnes, which was near 86% of total exports in 2018. It was distantly followed by Kenya (1.2K tonnes), generating 9.8% share of total exports.

South Africa was also the fastest growing in terms of the sausages and similar products of meat exports, with a CAGR of +9.1% from 2008 to 2018. Kenya experienced a relatively flat trend pattern. While the share of South Africa (-50.2%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($16M) remains the largest sausage supplier in Africa, comprising 78% of total sausage exports. The second position in the ranking was occupied by Kenya ($3.5M), with a 17% share of total exports.

Export Prices by Country

In 2018, the sausage export price in Africa amounted to $1,793 per tonne, waning by -12.4% against the previous year. In general, the sausage export price continues to indicate an abrupt reduction.

Export prices varied noticeably by the country of origin; the country with the highest export price was Kenya ($3,057 per tonne), while South Africa totaled $1,619 per tonne.

From 2008 to 2018, the most notable rate of growth in terms of export prices was attained by Kenya.

Imports in Africa

The imports totaled 79K tonnes in 2018, declining by -12.6% against the previous year. The total imports indicated a notable expansion from 2008 to 2018: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the sausage imports decreased by -36.0% against 2014 indices.

In value terms, sausage imports stood at $123M (IndexBox estimates) in 2018.

Imports by Country

Angola dominates sausage imports structure, accounting for 48K tonnes, which was near 61% of total imports in 2018. It was distantly followed by Lesotho (6K tonnes), comprising 7.7% share of total imports. Gabon (2.9K tonnes), Ghana (2.6K tonnes), Mauritius (2.5K tonnes), Democratic Republic of the Congo (2.4K tonnes), Liberia (1.5K tonnes), Congo (1.5K tonnes), Cabo Verde (1.5K tonnes) and Mozambique (1.4K tonnes) followed a long way behind the leaders.

Imports into Angola increased at an average annual rate of +1.7% from 2008 to 2018. At the same time, Lesotho (+17.9%), Mozambique (+16.6%), Congo (+13.0%), Democratic Republic of the Congo (+12.1%), Mauritius (+6.3%), Gabon (+5.3%), Liberia (+3.7%), Cabo Verde (+2.2%) and Ghana (+1.0%) displayed positive paces of growth. Moreover, Lesotho emerged as the fastest growing importer in Africa, with a CAGR of +17.9% from 2008-2018. While the share of Democratic Republic of the Congo (-2.1%), Lesotho (-6.2%) and Angola (-9.5%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Angola ($60M) constitutes the largest market for imported sausages and similar products of meat in Africa, comprising 49% of total sausage imports. The second position in the ranking was occupied by Lesotho ($9.1M), with a 7.4% share of total imports. It was followed by Mauritius, with a 5.5% share.

Import Prices by Country

The sausage import price in Africa stood at $1,558 per tonne in 2018, reducing by -4.6% against the previous year. Overall, the sausage import price continues to indicate a significant contraction.

Import prices varied noticeably by the country of destination; the country with the highest import price was Mauritius ($2,657 per tonne), while Ghana ($1,160 per tonne) was amongst the lowest.

From 2008 to 2018, the most notable rate of growth in terms of import prices was attained by Mauritius, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform

Wheat Market in Africa – Key Insights

IndexBox has just published a new report, the Africa – Wheat – Market Analysis, Forecast, Size, Trends and Insights. Here is a summary of the report’s key findings.

The revenue of the wheat market in Africa amounted to $15.5B in 2017, rising by 11% 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 wheat consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011, when it surged by 49% year-to-year. In that year, the wheat market attained its peak level of $21.9B. From 2012 to 2017, the growth of the wheat market remained at a somewhat lower figure.

Production in Africa

In 2017, approx. 27M tonnes of wheat were produced in Africa; picking up by 16% against the previous year. The total output volume increased at an average annual rate of +3.8% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 

Wheat Exports

The exports stood at 218K tonnes in 2017, declining by -20.4% against the previous year. The wheat exports continue to indicate a relatively flat trend pattern. In value terms, wheat exports amounted to $63M (IndexBox estimates) in 2017. 

Exports by Country

South Africa was the major exporting country with the volume of exports totaling around 79K tonnes, which amounted to 36% of total exports. It was distantly followed by Tanzania (44K tonnes), Liberia (35K tonnes), Kenya (16K tonnes) and Mauritius (15K tonnes), together comprising 51% share of total exports. Zimbabwe (9.3K tonnes) and Mozambique (5.3K tonnes) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Mauritius (+62.1% per year), while the other leaders experienced more modest paces of growth.

In value terms, South Africa ($31M) remains the largest wheat supplier in Africa, comprising 49% of global exports. The second position in the ranking was occupied by Tanzania ($11M), with a 18% share of global exports. It was followed by Liberia, with a 8.6% share.

Export Prices by Country

In 2017, the wheat export price in Africa amounted to $288 per tonne, coming down by -8.2% against the previous year. The the export price continues to indicate a relatively flat trend pattern.

Export prices varied noticeably by the country of destination; the country with the highest export price was Zimbabwe ($401 per tonne), while Liberia ($154 per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Zimbabwe (+11.5% per year), while the other leaders experienced more modest paces of growth.

Wheat Imports

In 2017, the amount of wheat imported in Africa totaled 46M tonnes, remaining stable against the previous year. The total import volume increased at an average annual rate of +1.9% from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations over the period under review.

In value terms, wheat imports stood at $10.2B (IndexBox estimates) in 2017. The wheat imports continue to indicate a relatively flat trend pattern. In that year, wheat imports attained their peak of $13.6B. From 2012 to 2017, the growth of wheat imports remained at a lower figure.

Imports by Country

In 2017, Egypt (13M tonnes), distantly followed by Algeria (8.1M tonnes), Nigeria (3.9M tonnes), Morocco (3.6M tonnes) and Sudan (2.2M tonnes) were the largest importers of wheat, together committing 66% of total imports. The following importers – Tunisia (1.9M tonnes), Kenya (1.9M tonnes), South Africa (1.7M tonnes), Libya (1.2M tonnes), Ghana (1.1M tonnes), Mozambique (748K tonnes) and Ethiopia (730K tonnes) together made up 20% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Ghana (+12.6% per year), while the other leaders experienced more modest paces of growth.

In value terms, Egypt ($2.3B), Algeria ($1.8B) and Nigeria ($1.3B) were the countries with the highest levels of imports in 2017, together accounting for 53% of total imports. Morocco, Sudan, Tunisia, Kenya, South Africa, Ghana, Libya, Ethiopia and Mozambique lagged somewhat behind, together accounting for a further 33%.

Import Prices by Country

In 2017, the wheat import price in Africa amounted to $221 per tonne, jumping by 5.6% against the previous year. The the wheat import price continues to indicate a slight descent. 

Import prices varied noticeably by the country of destination; the country with the highest import price was Nigeria ($342 per tonne), while Mozambique ($177 per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Libya (+8.6% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

BRICs Meet in Brazil, Create Bloc Development Bank

Los Angeles, CA – Leaders of the BRICS group of emerging powers – Brazil, Russia, India, China and South Africa – have decided to create their own development bank as a counterweight to what they perceive are “western-dominated” financial organizations like the US-based World Bank and International Monetary Fund.

The move came during the BRICS Summit earlier this week in Fortaleza, Brazil. The summit comes as the five countries, whose economies together represent 18 percent of the world total, are experiencing sharp slowdowns in their once fast-paced rates of growth.

The new development bank will reportedly be based in Shanghai and is expected to be functional within two years. It will be capitalized at $50 billion, a figure that could grow to $100 billion to fund infrastructure projects. The fund would also have $100 billion at its disposal to weather economic hard times.

The new development bank’s first director will reportedly be from India.

“We remain disappointed and seriously concerned with the current non-implementation of the 2010 International Monetary Fund (IMF) reforms, which negatively impacts on the IMF’s legitimacy, credibility and effectiveness,” the group said in a joint press release.

The BRICs leaders are now in the Brazilian capital of Brasilia, meeting with their counterparts from Argentina, Chile, Colombia, Ecuador, Venezuela and several other Latin American nations to discuss future economic and trade cooperation.

BRIC giant China is particularly interested in Latin America. After this week’s discussions, Chinese President Xi Jinping will stay in Brazil to launch a China-Latin America forum with the leaders of several regional countries including Cuba, Argentina, Ecuador, and Venezuela.

China is growing in influence in the region. Last year, the country, two-way trade with the region amounted to more than $261 billion.

07/17/2014