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    • Agri-Business Sector Zimbabwe

    The Agri-Business Sector in Zimbabwe 2023

    Charles Chinya | Zimbabwe | 31 October 2023

    The Agri-Business Sector in Zimbabwe 2020

    Alex Conradie | Zimbabwe | 30 March 2020

    Report Info

    Report Summary Table of Contents
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    Report Coverage

    This report on the agribusiness sector in Zimbabwe includes information on crop, horticulture and livestock production and processing, trade, notable players, recent investments, corporate actions, government support and programmes, competition and barriers to entry. There are profiles of 21 companies including major players across the value chain such as National Foods , tea and horticulture companies such as Tanganda Estates and Ariston Holdings, sugar companies such as Hippo Valley Estates, Triangle Sugar and Starafrica, companies involved in tobacco such as BAT and Rift Valley Estates, and seed companies such as Seed Co and Agriseeds.

    Introduction

    • The agribusiness industry is one of Zimbabwe’s most important economic growth drivers together with mining and tourism.
    • The sector has linkages to other industries such as food manufacturers.
    • All farm land belongs to the state and farmers are issued with 99-year lease agreements.
    • Major crops are tobacco, maize, cotton, and sugarcane.
    • Agriculture represents 8.5% of GDP and provides employment and income to 60% to 70% of the population.
    • Most agricultural land is farmed by smallholder farmers.
    • The industry provides opportunities to supply tractors, planters, harvesters, irrigation equipment and pesticides and for small stock-rearing and agro-processing such as manufacturing, drying, salting and preservation.

    Trends

    • Continuous training for employees in crop production and agro-processing.
    • Diversification and innovation of processed products for the markets.
    • Diversification of crops under production.
    • Irrigation rehabilitation and expansion.
    • Promotion and adoption of research that improves productivity of seed and animal varieties.

    Opportunities

    • Agro-processing including drying, salting and preservation methods.
    • Availability of land particularly for smallholder farmers.
    • Manufacture of irrigation equipment and pesticides.
    • Small stock rearing particularly goats.
    • Supply of farm mechanisation.

    Challenges

    • Declining soil fertility.
    • Deteriorating transport and market infrastructure.
    • High cost of utilities.
    • High inflation, exchange rate volatility and high cost of funding.
    • High inputs costs such as fertilisers and chemicals.
    • Land tenure insecurity.
    • Limited access to agricultural finance.
    • Pest and disease outbreaks.
    • Poor farming practices.
    • Shortage of farm equipment (tractors, planters, and harvesters).
    • Shortage of professional skills.
    • Water scarcity.

    Outlook

    • Zimbabwe’s GDP growth is projected at 3.2% in 2023 up from 3.0% in 2022, anchored by agriculture, mining, and services.
    • In the short-term, agriculture production input costs are expected to remain high.
    • Cash crops such as tobacco and cotton are reported to be in good condition in the 2022/2023 planting season.
    • The maize harvest is expected to increase in 2023.
    • Major risks such as the uncertain global economic outlook, climate shocks, power shortages and exchange rate volatility will continue to undermine opportunities to increase agricultural output in Zimbabwe.

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    The Agri-Business Sector in Zimbabwe
    The Agri-Business Sector in Zimbabwe 2023

    Full Report

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    Industry Landscape

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    The Agri-Business Sector in Zimbabwe 2020-03-30

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    Table of Contents

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    PAGE
    1. INTRODUCTION 1
    2. COUNTRY INFORMATION 1
    3. DESCRIPTION OF THE INDUSTRY 3
    3.1. Industry Value Chain 5
    3.2. Geographic Position 7
    3.3. Size of the Industry 9
    4. LOCAL 11
    4.1. State of the Industry 11
    4.2. Key Trends 17
    4.3. Key Issues 17
    4.4. Notable Players 17
    4.5. Trade 22
    4.6. Corporate Actions 24
    4.7. Regulations 25
    4.8. Enterprise Development and Social Development 26
    5. AFRICA 27
    6. INTERNATIONAL 31
    7. INFLUENCING FACTORS 33
    7.1. Unforeseen Events 33
    7.2. Economic Environment 33
    7.3. Power Outages 34
    7.4. Labour 34
    7.5. Environmental Issues 35
    7.6. Technology, R&D, Innovation 36
    7.7. Government Support 37
    7.8. Input Costs 39
    8. COMPETITIVE ENVIRONMENT 40
    8.1. Competition 40
    8.2. Barriers to Entry 40
    9. INDUSTRY SUMMARY 41
    10. OUTLOOK 42
    11. INDUSTRY ASSOCIATIONS 42
    12. REFERENCES 43
    12.1. Publications 43
    12.2. Websites 44
    COMPANY PROFILES 51
    Agri-Milling (Pvt) Ltd 51
    Agriseeds (Pvt) Ltd 53
    Ariston Holdings Ltd 55
    British American Tobacco Zimbabwe (Holdings) Ltd 58
    Cairns Foods Ltd 61
    Cotton Company of Zimbabwe Ltd (The) 63
    Eastern Highlands Plantations Ltd 66
    Hippo Valley Estates Ltd 68
    National Foods Ltd 71
    Parrogate Zimbabwe (Pvt) Ltd 75
    Powerful Grand Industries (Pvt) Ltd 77
    Profeeds (Pvt) Ltd (Zimbabwe) 79
    Pure Oil Industries (Pvt) Ltd 82
    Quton Seed Company (Pvt) Ltd 84
    Rift Valley Corporation Ltd 86
    Seed Co Ltd 89
    Starafrica Corporation Ltd 92
    Surface Wilmar (Pvt) Ltd 95
    Tanganda Tea Company Ltd 97
    Triangle Sugar Corporation (Pvt) Ltd 100
    United Refineries Ltd 102

    Report Coverage

    This report focuses on the Agri-Business Sector in Zimbabwe. It provides comprehensive information on the state of the industry, available production and trade statistics and the factors that influence the sector. There are profiles of 20 companies including Starafrica, which produces around 80% of the country’s refined sugar output, and Zimbabwe Stock Exchange-listed agro-industrial company Ariston and Rift Valley Corporation, the largest producer of bananas in the country. Other major companies profiled include National Foods and Pure Oil.

    Introduction

    The agriculture, forestry and fishing sectors contributed 12.1% to Zimbabwe’s gross domestic product (GDP) in 2018, and had a gross value added of US$3.7bn, according to World Bank data. Apart from its importance to the economy, agriculture is also the most important sector from a socio-economic point of view, since it employed 5.3 million people, or 67.2% of the labour force, in 2018, according to the International Labour Organisation (ILO). The ministry of Finance and Economic Development forecasts Zimbabwe's economy will shrink by 6.5% in 2019, largely due to a 15.7% contraction of the agricultural sector. Some of the challenges facing Zimbabwe’s agri-business sector are the increased occurrence and severity of climate shocks, its dependence on a rain-fed farming system, a shortage of foreign currency, rapidly rising inflation, and a scarcity of fuel and electricity.

    Strengths

    • Established agro-processing capacity.
    • Support for the sector from the government and international donor agencies.
    • The country’s Arabica coffee is sought-after.
    • Zimbabwe has an ideal climate and fertile soils for the cultivation of various crops.
    • Zimbabwe is a globally competitive sugar producer.
    • Zimbabwe is the fifth-largest producer of flue-cured tobacco in the world, and was the fourth-largest exporter of tobacco in terms of value in 2018.

    Weaknesses

    • Dependence on a rain-fed farming system.
    • High post-harvest losses.
    • Inadequate access to finance and market information.
    • Inadequate production levels of oilseeds to satisfy the country’s demand.
    • Lack of agricultural equipment.
    • Lack of investment in the sector.
    • Lack of irrigation infrastructure.
    • Most smallholder farmers cannot afford production inputs like improved seed, fertiliser and pesticides.
    • Too much underutilised land.

    Opportunities

    • Nespresso’s rising demand for Zimbabwean coffee.
    • The government’s provision of farming inputs.
    • The Grain Millers’ Association of Zimbabwe’s introduction of contract farming for wheat.

    Threats

    • Fuel shortages and frequent electricity outages.
    • Increasing competition from imports.
    • Increasing production costs.
    • Poor transport infrastructure leads to high transportation costs.
    • Rapidly rising inflation.
    • Shortage of foreign currency.
    • The increased occurrence and severity of climate shocks.

    Outlook

    The ministry of Finance and Economic Development forecast in its 2019 Mid-Year Budget Review and Supplementary Budget that the gross domestic product of Zimbabwe’s agricultural sector will decrease by 15.7% in 2019, while the United States Department of Agriculture expects the production of sugar to increase, and the output of cotton lint, maize, millet, sorghum, wheat, groundnuts and soya beans to decrease in 2019. The production of barley was forecast to remain constant from the previous season. Tongaat Hulett expected sugar output to increase to 460,000t in 2019, as the availability of enough water for irrigation should lead to higher sugar cane production. Coffee output was expected to increase to 500t in 2019, while the government expected the production of tea and sunflower seed to also increase in 2019. The Famine Early Warning Systems Network expected the 2019/20 rainfall season to start late and be erratic, leading to below-average cumulative rainfall, and consequently lower output of most agricultural products.

    Read More..
    The Agri-Business Sector in Zimbabwe
    The Agri-Business Sector in Zimbabwe 2020

    Full Report

    R 1 900.00(ZAR) estimated $109.60 (USD)*

    Buy Now +

    Industry Landscape

    R 1 330.00(ZAR) estimated $ 76.72 (USD)*

    Buy Now +

    Historical Reports

    The Agri-Business Sector in Zimbabwe 2023-10-31

    R 9 500.00(ZAR) estimated $547.99 (USD)*

    View Report Add to Cart

    Table of Contents

    [ Close ]
    PAGE
    1. INTRODUCTION 1
    2. COUNTRY INFORMATION 1
    2.1. Geographic Position 3
    3. DESCRIPTION OF THE INDUSTRY 5
    3.1. Industry Value Chain 9
    4. SIZE OF THE INDUSTRY 15
    5. STATE OF THE INDUSTRY 16
    5.1. Local 16
    5.1.1. Trade 26
    5.1.2. Corporate Actions 29
    5.1.3. Regulations 30
    5.2. Continental 31
    5.3. International 32
    6. INFLUENCING FACTORS 33
    6.1. Economic Environment 33
    6.2. Government Support 34
    6.3. Foreign Aid 35
    6.4. Technology, Research and Development (R&D) and Innovation 35
    6.5. Environmental Concerns 37
    6.6. Labour 38
    7. COMPETITION 38
    7.1. Barriers to Entry 39
    8. SWOT ANALYSIS 39
    9. OUTLOOK 40
    10. INDUSTRY ASSOCIATIONS 40
    11. REFERENCES 41
    11.1. Publications 41
    11.2. Websites 42
    APPENDIX 1 44
    Summary of Notable Players 44
    COMPANY PROFILES 50
    AGRI-MILLING (PVT) LTD 50
    ARISTON HOLDINGS LTD 52
    BRITISH AMERICAN TOBACCO ZIMBABWE (HOLDINGS) LTD 56
    CAIRNS FOODS LTD 59
    COTTON COMPANY OF ZIMBABWE LTD (THE) 61
    EASTERN HIGHLANDS PLANTATIONS LTD 63
    HIPPO VALLEY ESTATES LTD 65
    NATIONAL FOODS LTD 68
    OLIVINE INDUSTRIES (PVT) LTD 71
    PARROGATE ZIMBABWE (PVT) LTD 73
    POWERFUL GRAND INDUSTRIES (PVT) LTD 75
    PROFEEDS (PVT) LTD (ZIMBABWE) 77
    PURE OIL INDUSTRIES (PVT) LTD 80
    QUTON SEED COMPANY (PVT) LTD 82
    RIFT VALLEY CORPORATION LTD 84
    SEED CO LTD 87
    STARAFRICA CORPORATION LTD 91
    TANGANDA TEA COMPANY LTD 94
    TRIANGLE SUGAR CORPORATION LTD 97
    UNITED REFINERIES LTD 99

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