Africa’s tea sector is a dominant and the coffee sector has started to pick up following a decline in the recent past. The horticultural and flora sectors have seen unprecedented growth over the past years as more companies venture into production and export of flowers and fresh produce.
Fine chemicals, speciality chemicals and performance chemicals are some of the various names used to describe products in the high-value end of the chemicals market. Fine chemicals, speciality chemicals and performance chemicals are some of the various names used to describe products in the high-value end of the chemicals market.
Chemicals and chemistry are present in every area of modern society. As a result, the chemicals industry is large and its products serve a very wide range of very diverse market segments. Figure 1 shows the structure of the global industry. For the sake of clarity, only major product streams are shown.
Africa’s transport and logistics industry continues to enjoy above-average growth due to advancing globalisation, declining trade barriers and an increasingly mobile workforce. By expanding their service offerings both upstream and downstream, transport companies and logistics service providers are also becoming masters of their supply chain – both forward and backward.
India’s exports to African countries especially Nigeria and Algeria have been on the rise during the past the one decade. At present Algeria is emerging as the second biggest pharma market in Africa with about $3 billion worth of imports and there is lot of potential for Indian pharma industry to explore and grab the opportunities in this market.
Africa has become a key player in the international plastics and packaging industry where plastic goods and expertise are in high demand. Africa’s plastic industry is reporting high growth rates as demand for plastic goods and machinery in Africa registers a steady growth.
Africa presents great opportunities in the telecom sector. The liberalisation of the sector, the extension of services by multinational conglomerates and the active competition currently in place in the sector have all contributed to the telecom revolution.
Over the past decade the global life sciences sector has experienced healthy growth. The world market for pharmaceuticals, for example, has doubled within a decade, reaching a value of about USD 1 trillion, and is expected to grow by another 3 to 6 per cent per annum until 2016 (IMS 2012a).