SADC: Butter And Ghee Market 2024

Butter And Ghee Market Size in SADC

In 2022, after two years of growth, there was significant decline in the SADC butter and ghee market, when its value decreased by X% to $X. Over the period under review, consumption showed a slight decrease. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Butter And Ghee Production in SADC

In value terms, butter and ghee production skyrocketed to $X in 2022 estimated in export price. Overall, production saw a buoyant increase. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Butter And Ghee Exports

Exports in SADC

In 2022, approx. X tons of butter and ghee were exported in SADC; surging by X% against the previous year. Overall, exports, however, saw a perceptible setback. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, butter and ghee exports reached $X in 2022. In general, exports, however, recorded a mild decline. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

South Africa dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Angola (X tons), achieving a X% share of total exports. The following exporters - Mauritius (X tons) and Namibia (X tons) - each reached a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to butter and ghee exports from South Africa stood at X%. At the same time, Mauritius (X%), Angola (X%) and Namibia (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Angola and Mauritius increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest butter and ghee supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Angola ($X), with a X% share of total exports. It was followed by Namibia, with a X% share.

In South Africa, butter and ghee exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Angola (X% per year) and Namibia (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, with a decrease of X% against the previous year. Export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter and ghee export price decreased by X% against 2018 indices. The growth pace was the most rapid in 2018 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Angola ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Angola (X%), while the other leaders experienced mixed trends in the export price figures.

Butter And Ghee Imports

Imports in SADC

In 2022, the amount of butter and ghee imported in SADC contracted rapidly to X tons, declining by X% compared with 2021 figures. Overall, imports saw a pronounced slump. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, butter and ghee imports declined to $X in 2022. In general, imports continue to indicate a slight slump. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Africa represented the largest importing country with an import of around X tons, which finished at X% of total imports. It was distantly followed by Mauritius (X tons), Angola (X tons), Namibia (X tons), Tanzania (X tons) and Democratic Republic of the Congo (X tons), together comprising a X% share of total imports. Mozambique (X tons) took a relatively small share of total imports.

Imports into South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Tanzania (X%), Mozambique (X%) and Mauritius (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Angola (X%), Namibia (X%) and Democratic Republic of the Congo (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mauritius, Tanzania, Angola and Mozambique increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest butter and ghee importing markets in SADC were South Africa ($X), Mauritius ($X) and Angola ($X), together accounting for X% of total imports. Namibia, Mozambique, Tanzania and Democratic Republic of the Congo lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Tanzania, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, surging by X% against the previous year. Import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mauritius ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform