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South Africa - Cream Fresh - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSouth Africa's Exports of Cream Fresh Decline to $7.4 Million in 2023
South Africa Cream Fresh Exports
In 2023, overseas shipments of cream fresh decreased by -4.5% to 9.5K tons for the first time since 2019, thus ending a three-year rising trend. Over the period under review, exports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of 67% against the previous year. Over the period under review, the exports hit record highs at 11K tons in 2015; however, from 2016 to 2023, the exports remained at a lower figure.
In value terms, cream fresh exports reduced to $7.4M (IndexBox estimates) in 2023. In general, exports, however, enjoyed temperate growth. The most prominent rate of growth was recorded in 2015 when exports increased by 44%. As a result, the exports attained the peak of $8.9M. From 2016 to 2023, the growth of the exports remained at a somewhat lower figure.
COUNTRY | Export Value of Cream Fresh in South Africa (thousand USD) | ||||||||||
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2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
Botswana | 337 | 372 | 1,084 | 660 | 551 | 519 | 691 | 795 | 2,336 | 3,283 | 3,171 |
Mozambique | 468 | 713 | 673 | 641 | 981 | 904 | 1,190 | 1,736 | 1,870 | 1,655 | 1,482 |
Lesotho | 214 | 290 | 425 | 390 | 510 | 444 | 458 | 355 | 552 | 466 | 739 |
Swaziland | 1,001 | 1,400 | 2,642 | 1,919 | 1,327 | 1,344 | 710 | 624 | 823 | 415 | 697 |
Namibia | 779 | 969 | 787 | 640 | 635 | 597 | 604 | 1,374 | 945 | 1,278 | 686 |
Zambia | 97.6 | 139 | 51.8 | 107 | 150 | 187 | 196 | 100 | 120 | 209 | 257 |
Democratic Republic of the Congo | 5.7 | 26.2 | 53.5 | 70.7 | 92.8 | 86.9 | 23.2 | 47.7 | 24.1 | 28.6 | 119 |
Zimbabwe | 1,390 | 1,845 | 2,726 | 516 | 33.1 | 52.2 | 17.7 | 50.1 | 43.0 | 52.4 | 38.6 |
Others | 437 | 412 | 413 | 376 | 318 | 131 | 189 | 150 | 137 | 257 | 171 |
Total | 4,730 | 6,166 | 8,856 | 5,319 | 4,597 | 4,265 | 4,079 | 5,231 | 6,850 | 7,645 | 7,360 |
Exports by Country
Botswana (6K tons) was the main destination for cream fresh exports from South Africa, accounting for a 63% share of total exports. Moreover, cream fresh exports to Botswana exceeded the volume sent to the second major destination, Mozambique (998 tons), sixfold. Swaziland (901 tons) ranked third in terms of total exports with a 9.5% share.
From 2013 to 2023, the average annual growth rate of volume to Botswana totaled +32.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+10.2% per year) and Swaziland (-5.6% per year).
In value terms, Botswana ($3.2M) remains the key foreign market for cream fresh exports from South Africa, comprising 43% of total exports. The second position in the ranking was held by Mozambique ($1.5M), with a 20% share of total exports. It was followed by Lesotho, with a 10% share.
From 2013 to 2023, the average annual growth rate of value to Botswana amounted to +25.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+12.2% per year) and Lesotho (+13.2% per year).
Export Prices by Country
In 2023, the cream fresh price stood at $778 per ton (FOB, South Africa), leveling off at the previous year. In general, the export price, however, recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2017 when the average export price increased by 36% against the previous year. The export price peaked at $998 per ton in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zimbabwe ($3,085 per ton), while the average price for exports to Botswana ($532 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the cream fresh market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 885 - Cream, Fresh
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Producing Animals Slaughtered, 2012–2024
- Yield, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024