SADC: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in SADC

The SADC sauce and seasoning market was estimated at $X in 2021, growing by 4.6% against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Sauce And Seasoning Production in SADC

In value terms, sauce and seasoning production rose sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the production volume increased by 15% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Sauce And Seasoning Exports

Exports in SADC

In 2021, approx. X tons of sauces and seasonings were exported in SADC; growing by 14% compared with 2020 figures. The total export volume increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2015 when exports increased by 14%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, sauce and seasoning exports surged to $X in 2021. The total export value increased at an average annual rate of +5.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the one major exporters of sauces and seasonings, namely South Africa, represented more than two-thirds of total export.

South Africa was also the fastest-growing in terms of the sauces and seasonings exports, with a CAGR of +2.3% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest sauce and seasoning supplier in SADC.

From 2012 to 2021, the average annual rate of growth in terms of value in South Africa totaled +5.3%.

Export Prices by Country

In 2021, the export price in SADC amounted to $X per ton, surging by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2013 when the export price increased by 17% against the previous year. Over the period under review, the export prices reached the peak figure in 2021 and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2021, the rate of growth in terms of prices for South Africa amounted to +3.0% per year.

Sauce And Seasoning Imports

Imports in SADC

In 2021, after five years of growth, there was significant decline in overseas purchases of sauces and seasonings, when their volume decreased by -7% to X tons. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2014 with an increase of 13% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then dropped in the following year.

In value terms, sauce and seasoning imports rose rapidly to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 12% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Botswana (X tons) and South Africa (X tons) represented the key importers of sauces and seasonings in 2021, accounting for approx. 19% and 17% of total imports, respectively. It was distantly followed by Zimbabwe (X tons), Democratic Republic of the Congo (X tons), Angola (X tons), Tanzania (X tons), Mauritius (X tons), Mozambique (X tons) and Zambia (X tons), together mixing up a 50% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Mozambique (with a CAGR of +13.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Botswana ($X) and Zimbabwe ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 51% share of total imports. These countries were followed by Democratic Republic of the Congo, Mauritius, Tanzania, Angola, Mozambique and Zambia, which together accounted for a further 35%.

Mozambique, with a CAGR of +16.6%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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 2021, jumping by 15% against the previous year. Overall, the import price, however, showed a slight slump. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Mauritius ($X per ton), while Zambia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tanzania (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform