South Africa: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in South Africa

The South African sauce and seasoning market expanded to $X in 2021, picking up by 2.1% against the previous year. In general, consumption recorded a relatively flat trend pattern. Sauce and seasoning consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Sauce And Seasoning Production in South Africa

In value terms, sauce and seasoning production rose modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 10% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Sauce And Seasoning Exports

Exports from South Africa

Sauce and seasoning exports from South Africa rose significantly to X tons in 2021, with an increase of 13% compared with 2020. The total export volume increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 with an increase of 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 skyrocketed to $X in 2021. The total export value increased at an average annual rate of +5.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Botswana (X tons), Zimbabwe (X tons) and Mozambique (X tons) were the main destinations of sauce and seasoning exports from South Africa, with a combined 52% share of total exports. Namibia, Zambia, Lesotho, Swaziland, Australia, Democratic Republic of the Congo, Qatar and the UK lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +31.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sauce and seasoning exported from South Africa were Botswana ($X), Zimbabwe ($X) and Namibia ($X), together comprising 42% of total exports. These countries were followed by Mozambique, Zambia, Lesotho, Qatar, Swaziland, Australia, the UK and Democratic Republic of the Congo, which together accounted for a further 33%.

In terms of the main countries of destination, Qatar, with a CAGR of +32.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average sauce and seasoning export price 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 +3.0%. The pace of growth was the most pronounced in 2013 when the average export price increased by 17%. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Mozambique ($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 the UK (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Sauce And Seasoning Imports

Imports into South Africa

After six years of growth, supplies from abroad of sauces and seasonings decreased by -2.6% to X tons in 2021. Overall, total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when imports increased by 14% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020, and then shrank modestly in the following year.

In value terms, sauce and seasoning imports expanded rapidly to $X in 2021. In general, total imports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +59.6% against 2013 indices. The most prominent rate of growth was recorded in 2019 with an increase of 16%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Oman (X tons), China (X tons) and the United States (X tons) were the main suppliers of sauce and seasoning imports to South Africa, with a combined 37% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +72.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the UK ($X) and Italy ($X) were the largest sauce and seasoning suppliers to South Africa, with a combined 41% share of total imports. Oman, Thailand, Egypt, China, Malaysia, Germany, the Netherlands, Singapore, Japan and Taiwan (Chinese) lagged somewhat behind, together comprising a further 46%.

Oman, with a CAGR of +58.4%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 sauce and seasoning import price stood at $X per ton in 2021, growing by 14% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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