South Africa: Market for Sweet Biscuits, Waffles and Wafers 2024

Market Size for Sweet Biscuits, Waffles and Wafers in South Africa

The South African market for sweet biscuits, waffles and wafers expanded markedly to $X in 2021, surging by 13% against the previous year. Over the period under review, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.6% against 2019 indices. Sweet biscuit, waffle and wafer consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Sweet Biscuits, Waffles and Wafers in South Africa

In value terms, sweet biscuit, waffle and wafer production rose rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by 38% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Sweet Biscuits, Waffles and Wafers

Exports from South Africa

In 2021, after two years of growth, there was significant decline in overseas shipments of sweet biscuits, waffles and wafers, when their volume decreased by -5.6% to X tons. Overall, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 4.4% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, sweet biscuit, waffle and wafer exports rose notably to $X in 2021. In general, exports showed a slight curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 12%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Botswana (X tons), Swaziland (X tons) and Namibia (X tons) were the main destinations of sweet biscuit, waffle and wafer exports from South Africa, together comprising 54% of total exports. These countries were followed by Lesotho, Mozambique, Zambia, Malawi, Zimbabwe, Angola and Tanzania, which together accounted for a further 39%.

From 2012 to 2021, the biggest increases were recorded for Tanzania (with a CAGR of +5.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sweet biscuit, waffle and wafer exported from South Africa were Botswana ($X), Namibia ($X) and Mozambique ($X), with a combined 53% share of total exports. These countries were followed by Swaziland, Lesotho, Zambia, Malawi, Zimbabwe, Tanzania and Angola, which together accounted for a further 36%.

Tanzania, with a CAGR of +8.0%, saw the highest growth rate of the value of exports, among 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 2021, the average export price for sweet biscuits, waffles and wafers amounted to $X per ton, increasing by 19% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.4%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 26%. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Lesotho ($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 (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sweet Biscuits, Waffles and Wafers

Imports into South Africa

Sweet biscuit, waffle and wafer imports into South Africa surged to X tons in 2021, rising by 15% compared with 2020 figures. Overall, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 50%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, sweet biscuit, waffle and wafer imports expanded sharply to $X in 2021. In general, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.0% 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 +87.1% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 40%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

India (X tons), Lesotho (X tons) and Zimbabwe (X tons) were the main suppliers of sweet biscuit, waffle and wafer imports to South Africa, together accounting for 57% of total imports. These countries were followed by Bahrain, the United Arab Emirates, Turkey, the Netherlands, Spain, the UK, Poland, Indonesia, Portugal and Saudi Arabia, which together accounted for a further 34%.

From 2012 to 2021, the biggest increases were recorded for Bahrain (with a CAGR of +1,126.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sweet biscuit, waffle and wafer suppliers to South Africa were India ($X), Bahrain ($X) and Zimbabwe ($X), together accounting for 44% of total imports.

Among the main suppliers, Bahrain, with a CAGR of +687.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for sweet biscuits, waffles and wafers amounted to $X per ton, remaining stable against the previous year. In general, the import price showed a perceptible setback. The most prominent rate of growth was recorded in 2014 an increase of 15%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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