SADC: Sweet Biscuit Market 2024

Sweet Biscuit Market Size in SADC

The SADC sweet biscuit market shrank slightly to $X in 2021, which is down by -2.9% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 9.1% against the previous year. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Sweet Biscuit Production in SADC

In value terms, sweet biscuit production declined to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 14%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Sweet Biscuit Exports

Exports in SADC

In 2021, shipments abroad of sweet biscuits decreased by -3.7% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports continue to indicate a noticeable descent. The growth pace was the most rapid in 2020 with an increase of 8%. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, sweet biscuit exports stood at $X in 2021. In general, exports showed a mild setback. The pace of growth appeared the most rapid in 2013 with an increase of 20%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa was the key exporting country with an export of around X tons, which recorded 71% of total exports. Zimbabwe (X tons) held an 18% share (based on physical terms) of total exports, which put it in second place, followed by Lesotho (5.6%). Zambia (X tons) took a little share of total exports.

Exports from South Africa decreased at an average annual rate of -5.4% from 2012 to 2021. At the same time, Zimbabwe (+25.1%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing exporter exported in SADC, with a CAGR of +25.1% from 2012-2021. By contrast, Lesotho (-5.0%) and Zambia (-12.5%) illustrated a downward trend over the same period. While the share of Zimbabwe (+16 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Zambia (-3.5 p.p.) and South Africa (-8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest sweet biscuit supplier in SADC, comprising 82% of total exports. The second position in the ranking was held by Zimbabwe ($X), with an 11% share of total exports. It was followed by Lesotho, with a 2.6% share.

From 2012 to 2021, the average annual growth rate of value in South Africa totaled -1.2%. In the other countries, the average annual rates were as follows: Zimbabwe (+24.2% per year) and Lesotho (-5.8% per year).

Export Prices by Country

In 2021, the export price in SADC amounted to $X per ton, increasing by 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2013 when the export price increased by 20%. Over the period under review, the export prices hit record highs at $X per ton in 2018; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was South Africa ($X per ton), while Lesotho ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+4.5%), while the other leaders experienced a decline in the export price figures.

Sweet Biscuit Imports

Imports in SADC

In 2021, imports of sweet biscuits in SADC stood at X tons, surging by 3% against the previous year's figure. The total import volume increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 28%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, sweet biscuit imports reached $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 19%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Angola (X tons) and South Africa (X tons) represented the key importers of sweet biscuits in 2021, amounting to near 26% and 21% of total imports, respectively. It was distantly followed by Democratic Republic of the Congo (X tons), Tanzania (X tons), Mozambique (X tons), Namibia (X tons) and Botswana (X tons), together mixing up a 39% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Mozambique (with a CAGR of +19.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sweet biscuit importing markets in SADC were Angola ($X), South Africa ($X) and Democratic Republic of the Congo ($X), with a combined 53% share of total imports. These countries were followed by Mozambique, Botswana, Tanzania and Namibia, which together accounted for a further 26%.

Among the main importing countries, Tanzania, with a CAGR of +16.3%, recorded the highest rates of growth with regard to 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 2021, with an increase of 4.8% against the previous year. In general, the import price, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2017 an increase of 10% against the previous year. Over the period under review, import prices reached the maximum 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, the country with the highest price was Botswana ($X per ton), while Angola ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Namibia (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform