South Africa: Grain Market 2024

Grain Market Size in South Africa

The South African grain market rose modestly to $X in 2022, increasing by X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Grain consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Grain Production in South Africa

In value terms, grain production rose rapidly to $X in 2022 estimated in export price. Overall, production recorded a mild slump. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. Grain production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

In 2022, the average yield of cereal grains in South Africa reduced to X tons per ha, remaining constant against the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2018 to 2022, the growth of the average grain yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The grain harvested area in South Africa dropped modestly to X ha in 2022, waning by X% on the previous year's figure. In general, the harvested area, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. The grain harvested area peaked at X ha in 2021, and then declined modestly in the following year.

Grain Exports

Exports from South Africa

In 2022, overseas shipments of cereal grains increased by X% to X tons, rising for the third consecutive year after two years of decline. In general, exports posted prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, grain exports skyrocketed to $X in 2022. Over the period under review, exports saw a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Taiwan (Chinese) (X tons), Japan (X tons) and Vietnam (X tons) were the main destinations of grain exports from South Africa, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Japan ($X) and Vietnam ($X) appeared to be the largest markets for grain exported from South Africa worldwide, together accounting for X% of total exports.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average grain export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, 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 Zimbabwe ($X per ton), while the average price for exports to Botswana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Grain Imports

Imports into South Africa

In 2022, after two years of decline, there was growth in supplies from abroad of cereal grains, when their volume increased by X% to X tons. Over the period under review, imports, however, continue to indicate a mild reduction. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, grain imports surged to $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Australia (X tons), Argentina (X tons) and Poland (X tons) were the main suppliers of grain imports to South Africa, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Poland ($X) and Argentina ($X) appeared to be the largest grain suppliers to South Africa, together accounting for X% of total imports.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average grain import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, import price indicated modest growth 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, grain import price increased by X% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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