A trillion dollar market that can be nuggets!In 2024, there is a lot of room for China Africa cooper

Mondo Finance Updated on 2024-01-30

Africa is the second most populous continent in the world, with a rapid population growth rate, with a total population of about 1.4 billion people, and the young population accounts for up to 70%. The undeveloped "first-class land", "cross-border new blue ocean" and "nuggetable trillion market" have become new labels for Africa, and Africa occupies an increasingly important position in the world's leading market.

China has a deep economic and trade relationship with Africa, and China has maintained its position as Africa's largest partner country for 14 consecutive years, with nearly 90% of Africa's local products made in China, with a rich range of demand. In 2021, the import and export volume of China and Africa reached 2,542900 million US dollars, a year-on-year increase of 36%;In 2022, the amount of Central Africa** further increased to 282 billion US dollars, a record high.

Note: 2023 South Africa Exhibition Site**.

At the 2024 African Economic Outlook and Project Release and the 15th Anniversary Annual Conference of the China-Africa Industrial Cooperation and Development Forum, three expectations for China-Africa economic and trade cooperation in 2024 were put forward, as follows:

|The amount of China and Africa has been further improved

The amount of Central Africa has been further increased and is expected to reach 300 billion US dollars. The import of energy and minerals has expanded, the bulk goods have increased in small steps, the export of agricultural products to China has grown rapidly, and the demand for vocational and technical education and training has increased.

|Overseas warehouse and overseas logistics

The overseas warehouse of the international ** chain and the large African market ushered in new opportunities. Many e-commerce platforms and export enterprises will lay out overseas logistics systems through the construction of "overseas warehouses".

|Development in non-investment and industrial parks

The steady development of the China-Africa Industrial Park will usher in the peak of enterprise settlement. In recent years, the purchasing power of the African market has increased, and Chinese enterprises have invested and built factories in Africa, and Chinese enterprises have successively invested, built and operated industrial parks in Africa, providing an important guarantee for China-Africa industrial and economic and trade cooperation.

Note: 2023 Kenya Exhibition Site**.

In recent years, more and more Chinese enterprises have entered Africa to help Africa's industrialization and economic diversification, and Chinese enterprises have more confidence in the African market. There is a broad space for China-Africa cooperation, and in 2024, we look forward to more Chinese foreign trade enterprises going out and exploring the international market

|The 7th Kenya International Industry Exhibition 2024

Exhibition time: September 12-14, 2024.

Venue: Sarait Expo Centre, Nairobi

Exhibition Introduction: Kenya International Industry Exhibition was held in 2018 and is hosted by Top of Africa Exhibition (Kenya)**, and has been successfully held for six consecutive years. With the strong support of relevant institutions at home and abroad and the high recognition of domestic and foreign enterprises, after six years of careful cultivation, the scale of the exhibition and the number of professional visitors have increased year by year, and the exhibition has become an important way and platform for Chinese enterprises to explore the Kenyan and East African markets and China-Africa two-way investment exchanges.

In 2020, in the context of the global spread of the new crown epidemic, the exhibition pioneered the remote exhibition mode combining "online + offline", becoming the first physical exhibition to be held in Africa under the epidemic with a combination of online + offline mode. In 2021, the exhibition was successfully selected into the "China-Africa Economic and Trade Cooperation Case Collection" of the 2nd China-Africa Economic and Trade Expo, which is the only exhibition project selected, which fully reflects the positive significance of the exhibition project to the development of China-Africa economic and trade cooperation.

The 6th Kenya International Industry Exhibition 2023 was successfully held on September 21 -23, attracting more than 200 enterprises from Dongdong, Jiangxi, Henan, Zhejiang, Hubei, Hebei and other regions in China, with an exhibition area of more than 5,000 square meters. The exhibition attracted 24,000 visitors, including 4,800 VIP buyers, and the intended turnover of the exhibition reached more than 87 million US dollars.

|2024 South Africa International Industry Exhibition & China (South Africa) International ** Exhibition

Exhibition time: September 19-21, 2024.

Venue: Sandton Convention Centre, Johannesburg

Exhibition Introduction: South Africa International Industry Exhibition and China (South Africa) International Exhibition is a large-scale international exhibition held to promote Chinese enterprises to open up the African market, relying on the advantages of South Africa's local enterprises, business associations and industry organizations, to build a pragmatic and efficient platform for economic and trade exchanges and cooperation between Chinese enterprises and South Africa and the vast African market.

In 2024, the exhibition covers an area of more than 10,000 square meters, with 380 booths, in addition to the traditional exhibition with commodity display, business negotiation functions, will also adopt the new model of "before the exhibition and after the warehouse", the exhibition is equipped with a local overseas warehouse in South Africa, to provide exhibitors with perennial display, overseas warehousing services, this exhibition is an important platform for enterprises to explore the market of South Africa, Zimbabwe, Botswana, Mozambique, Namibia and surrounding African countries, display enterprise products, increase export sales, and enhance brand image.

Part of the content**: China-Africa Economic and Trade Expo Comprehensive.

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