South Africa: Cereal Germ Market 2024

Cereal Germ Market Size in South Africa

In 2021, after three years of decline, there was growth in the South African cereal germ market, when its value increased by 2.1% to $X. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Cereal Germ Production in South Africa

In value terms, cereal germ production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 45%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Cereal Germ Exports

Exports from South Africa

Cereal germ exports from South Africa skyrocketed to X tons in 2021, rising by 233% compared with 2020. Overall, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2013 when exports increased by 266% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, cereal germ exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt descent. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for cereal germ exports from South Africa, with a 84% share of total exports. Moreover, cereal germ exports to the United Arab Emirates exceeded the volume sent to the second major destination, Zimbabwe (X tons), more than tenfold. The third position in this ranking was taken by Lesotho (X kg), with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (-2.1% per year) and Lesotho (-13.7% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for cereal germ exports from South Africa, comprising 81% of total exports. The second position in the ranking was taken by Zimbabwe ($X), with a 7.9% share of total exports. It was followed by Lesotho, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (-3.5% per year) and Lesotho (-8.6% per year).

Export Prices by Country

In 2021, the average cereal germ export price amounted to $X per ton, waning by -3.8% against the previous year. Overall, the export price showed a mild setback. The pace of growth was the most pronounced in 2017 when the average export price increased by 107% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Namibia ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lesotho (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cereal Germ Imports

Imports into South Africa

In 2021, approx. X tons of cereal germ were imported into South Africa; rising by 50% on 2020 figures. Over the period under review, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 351%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, cereal germ imports skyrocketed to $X in 2021. In general, imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of 325%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest cereal germ supplier to South Africa, with a 67% share of total imports. Moreover, cereal germ imports from the United States exceeded the figures recorded by the second-largest supplier, India (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +6.9%.

In value terms, the United States ($X) constituted the largest supplier of cereal germ to South Africa, comprising 74% of total imports. The second position in the ranking was taken by India ($X), with a 25% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +7.7%.

Import Prices by Country

In 2021, the average cereal germ import price amounted to $X per ton, waning by -13.5% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 30%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+9.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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