South Africa - Spices - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSouth Africa's Spice Import Sees Modest Decline to $84M in 2023
South Africa Spice Imports
In 2023, supplies from abroad of spices decreased by -5.4% to 36K tons, falling for the second year in a row after three years of growth. Over the period under review, total imports indicated a noticeable increase from 2013 to 2023: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by -14.1% against 2021 indices. The pace of growth was the most pronounced in 2020 with an increase of 29% against the previous year. Over the period under review, imports reached the peak figure at 42K tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.
In value terms, spice imports reduced to $84M (IndexBox estimates) in 2023. The total import value increased at an average annual rate of +3.1% over the period from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 22%. Imports peaked at $91M in 2022, and then declined in the following year.
| COUNTRY | Import Value of Spice in South Africa (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| India | 21.4 | 24.6 | 23.6 | 25.6 | 26.0 | 22.1 | 23.1 | 31.0 | 28.2 | 31.1 | 27.6 |
| Vietnam | 14.5 | 15.8 | 17.6 | 23.6 | 17.7 | 11.7 | 11.1 | 11.1 | 14.4 | 16.3 | 13.5 |
| China | 6.2 | 8.3 | 7.7 | 8.2 | 10.6 | 10.3 | 9.9 | 15.2 | 14.9 | 13.1 | 12.2 |
| Thailand | 0.2 | 0.3 | 0.3 | 0.2 | 0.3 | 2.5 | 3.0 | 2.7 | 3.0 | 4.5 | 3.7 |
| Spain | 1.8 | 1.7 | 1.9 | 2.0 | 1.6 | 2.7 | 2.8 | 3.1 | 3.3 | 3.5 | 3.5 |
| Zimbabwe | 0.8 | 0.9 | 1.0 | 1.5 | 1.7 | 1.4 | 1.4 | 1.7 | 1.1 | 2.7 | 2.2 |
| Madagascar | 0.8 | 0.9 | 0.8 | 0.6 | 1.0 | 0.8 | 1.4 | 0.9 | 1.8 | 1.6 | 2.1 |
| Indonesia | 1.7 | 1.5 | 3.3 | 3.0 | 2.2 | 1.6 | 1.5 | 1.3 | 1.6 | 0.9 | 1.5 |
| Singapore | 4.1 | 4.5 | 6.5 | 5.5 | 3.8 | 2.5 | 0.3 | 0.4 | 0.3 | 0.5 | 0.5 |
| Others | 10.5 | 14.8 | 13.9 | 14.1 | 12.7 | 13.6 | 14.1 | 16.8 | 18.7 | 17.2 | 17.1 |
| Total | 62.0 | 73.4 | 76.5 | 84.3 | 77.5 | 69.1 | 68.8 | 84.2 | 87.3 | 91.2 | 83.8 |
Imports by Country
India (14K tons), China (7.5K tons) and Vietnam (3.4K tons) were the main suppliers of spice imports to South Africa, together comprising 69% of total imports. Spain, Thailand, Zimbabwe, Indonesia, Madagascar and Singapore lagged somewhat behind, together accounting for a further 8%.
From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Madagascar (with a CAGR of +20.6%), while imports for the other leaders experienced more modest paces of growth.
In value terms, India ($28M) constituted the largest supplier of spices to South Africa, comprising 33% of total imports. The second position in the ranking was held by Vietnam ($13M), with a 16% share of total imports. It was followed by China, with a 15% share.
From 2013 to 2023, the average annual rate of growth in terms of value from India stood at +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-0.7% per year) and China (+7.0% per year).
Imports by Type
Spices except pepper or ginger (10K tons), pimenta pepper (9.5K tons) and anise, badian, fennel and coriander (6.9K tons) were the main products of spice imports to South Africa, together comprising 75% of total imports. Piper pepper, ginger, cinnamon (canella), cloves, nutmeg, mace and cardamoms and vanilla lagged somewhat behind, together accounting for a further 25%.
From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by ginger (with a CAGR of +6.2%), while imports for the other products experienced more modest paces of growth.
In value terms, pimenta pepper ($21M), piper pepper ($17M) and spices except pepper or ginger ($17M) were the most imported types of spices in South Africa, together comprising 65% of total imports. Anise, badian, fennel and coriander, ginger, nutmeg, mace and cardamoms, cinnamon (canella), cloves and vanilla lagged somewhat behind, together comprising a further 35%.
Import Prices by Country
In 2023, the spice price amounted to $2,346 per ton (CIF, South Africa), declining by -2.8% against the previous year. In general, the import price recorded a mild reduction. The pace of growth was the most pronounced in 2022 when the average import price increased by 15%. Over the period under review, average import prices attained the maximum at $2,950 per ton in 2015; however, from 2016 to 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Thailand ($4,955 per ton), while the price for Russia ($737 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the spice 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 687 - Pepper
- FCL 689 - Pimento
- FCL 692 - Vanilla
- FCL 693 - Cinnamon (canella)
- FCL 698 - Cloves
- FCL 702 - Nutmeg, mace, cardamoms
- FCL 711 - Anise, badian, fennel
- FCL 720 - Ginger
- FCL 723 - Spices nes
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
-
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, HARVESTED AREA 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
- Area Harvested, 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
