South Africa: Crispbread Market 2024

Crispbread Market Size in South Africa

The South African crispbread market expanded remarkably to $X in 2021, surging by 15% against the previous year. Overall, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -5.3% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Crispbread Production in South Africa

In value terms, crispbread production rose remarkably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 22% against the previous year. Crispbread production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Crispbread Exports

Exports from South Africa

In 2021, the amount of crispbread exported from South Africa dropped sharply to X tons, shrinking by -29.5% compared with the previous year. Over the period under review, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 8.2%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, crispbread exports dropped to $X in 2021. Overall, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 19% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Namibia (X tons), Mozambique (X tons) and Botswana (X tons) were the main destinations of crispbread exports from South Africa, with a combined 59% share of total exports. These countries were followed by Swaziland, Zambia, Mauritius, Malawi and Lesotho, which together accounted for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malawi (with a CAGR of +29.7%), while the other leaders experienced a decline.

In value terms, the largest markets for crispbread exported from South Africa were Namibia ($X), Mozambique ($X) and Botswana ($X), together accounting for 57% of total exports. These countries were followed by Zambia, Mauritius, Swaziland, Malawi and Lesotho, which together accounted for a further 34%.

Malawi, with a CAGR of +38.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average crispbread export price stood at $X per ton in 2021, picking up by 32% against the previous year. Over the last nine-year period, it increased at an average annual rate of +5.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Malawi ($X per ton), while the average price for exports to Swaziland ($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 Botswana (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Crispbread Imports

Imports into South Africa

In 2021, supplies from abroad of crispbread increased by 37% to X tons, rising for the third consecutive year after two years of decline. Overall, imports, however, continue to indicate a abrupt curtailment. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, crispbread imports soared to $X in 2021. In general, imports, however, showed a slight curtailment. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Canada (X tons) constituted the largest crispbread supplier to South Africa, accounting for a 57% share of total imports. Moreover, crispbread imports from Canada exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume from Canada amounted to +257.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-11.9% per year) and Germany (-5.4% per year).

In value terms, Canada ($X) constituted the largest supplier of crispbread to South Africa, comprising 61% of total imports. The second position in the ranking was held by the UK ($X), with a 13% share of total imports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Canada totaled +325.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-11.7% per year) and the Netherlands (+109.1% per year).

Import Prices by Country

In 2021, the average crispbread import price amounted to $X per ton, jumping by 87% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +9.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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