South Africa: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in South Africa

In 2021, the South African market for protein concentrates and flavoured or coloured sugar syrups decreased by -6.5% to $X, falling for the second year in a row after three years of growth. In general, consumption showed a slight contraction. Consumption of peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in South Africa

In value terms, production of protein concentrates and flavoured or coloured sugar syrups reached $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 9.4%. Production of peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports from South Africa

In 2021, the amount of protein concentrates and flavoured or coloured sugar syrups exported from South Africa soared to X tons, rising by 24% on the previous year's figure. Over the period under review, total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +92.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 54% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups skyrocketed to $X in 2021. In general, total exports indicated a moderate expansion 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, exports increased by +90.9% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Zimbabwe (X tons) was the main destination for exports of protein concentrates and flavoured or coloured sugar syrups from South Africa, with a 42% share of total exports. Moreover, exports of protein concentrates and flavoured or coloured sugar syrups to Zimbabwe exceeded the volume sent to the second major destination, Malawi (X tons), threefold. Zambia (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Zimbabwe stood at +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malawi (+27.4% per year) and Zambia (+12.9% per year).

In value terms, Zimbabwe ($X) remains the key foreign market for protein concentrates and flavoured or coloured sugar syrups exports from South Africa, comprising 33% of total exports. The second position in the ranking was held by Zambia ($X), with a 15% share of total exports. It was followed by Malawi, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Zimbabwe totaled +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (+12.7% per year) and Malawi (+28.2% per year).

Export Prices by Country

The average export price for protein concentrates and flavoured or coloured sugar syrups stood at $X per ton in 2021, growing by 19% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 32%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Mozambique ($X per ton), while the average price for exports to Swaziland ($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 (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports into South Africa

Imports of protein concentrates and flavoured or coloured sugar syrups into South Africa rose significantly to X tons in 2021, increasing by 6.5% against the year before. In general, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.1% 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 +56.4% against 2012 indices. The growth pace was the most rapid in 2017 with an increase of 19%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups expanded rapidly to $X in 2021. Overall, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.8% 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 +67.9% against 2016 indices. The pace of growth was the most pronounced in 2013 with an increase of 37%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Argentina (X tons) and China (X tons) were the main suppliers of imports of protein concentrates and flavoured or coloured sugar syrups to South Africa, with a combined 82% share of total imports. Brazil, Italy, India and the Netherlands lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +157.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of protein concentrates and flavoured or coloured sugar syrups to South Africa, comprising 40% of total imports. The second position in the ranking was held by China ($X), with an 18% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.5% per year) and Italy (+143.0% per year).

Import Prices by Country

In 2021, the average import price for protein concentrates and flavoured or coloured sugar syrups amounted to $X per ton, approximately reflecting the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 35%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a 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 Italy ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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