South Africa: Sweet Biscuit Market 2024

Sweet Biscuit Market Size in South Africa

In 2021, the South African sweet biscuit market increased by 0.5% to $X, rising for the second year in a row after two years of decline. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Sweet Biscuit Production in South Africa

In value terms, sweet biscuit production reduced to $X in 2021 estimated in export price. Over the period under review, production saw a slight contraction. The most prominent rate of growth was recorded in 2015 with an increase of 6.7%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Sweet Biscuit Exports

Exports from South Africa

In 2021, after two years of growth, there was significant decline in shipments abroad of sweet biscuits, when their volume decreased by -5.1% to X tons. In general, exports saw a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of 4.7% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, sweet biscuit exports expanded significantly to $X in 2021. Overall, exports showed a slight contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 13%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tanzania (with a CAGR of +7.2%), while the other leaders experienced more modest paces of growth.

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

Tanzania, with a CAGR of +9.6%, 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 2021, the average sweet biscuit export price amounted to $X per ton, jumping by 19% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.5%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 27%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: 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 (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Sweet Biscuit Imports

Imports into South Africa

For the third consecutive year, South Africa recorded growth in purchases abroad of sweet biscuits, which increased by 16% to X tons in 2021. Over the period under review, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of 52%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, sweet biscuit imports surged to $X in 2021. Overall, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +87.0% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 27% against the previous year. 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 imports to South Africa, with a combined 62% share of total imports. Bahrain, the United Arab Emirates, the Netherlands, the UK, Turkey, Portugal, Denmark and Saudi Arabia lagged somewhat behind, together accounting for a further 29%.

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 suppliers to South Africa were India ($X), Bahrain ($X) and Zimbabwe ($X), together accounting for 50% of total imports.

Among the main suppliers, Bahrain, with a CAGR of +687.4%, recorded 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

The average sweet biscuit import price stood at $X per ton in 2021, approximately equating the previous year. Overall, the import price saw a noticeable decrease. The growth pace was the most rapid in 2018 when the average import price increased by 17%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Denmark ($X per ton), while the price for Lesotho ($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 (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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