South Africa: Sugary Soft Drink Market 2024

Sugary Soft Drink Market Size in South Africa

The South African sugary soft drink market shrank modestly to $X in 2022, leveling off at the previous year. In general, consumption recorded a slight slump. Sugary soft drink consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Sugary Soft Drink Production in South Africa

In value terms, sugary soft drink production dropped slightly to $X in 2022 estimated in export price. In general, production recorded a noticeable decrease. The most prominent rate of growth was recorded in 2019 with an increase of 30% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Sugary Soft Drink Exports

Exports from South Africa

In 2022, overseas shipments of sugary soft drinks increased by 2.2% to X litres, rising for the second consecutive year after two years of decline. Overall, exports showed buoyant growth. The pace of growth was the most pronounced in 2014 when exports increased by 111% against the previous year. The exports peaked at X litres in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, sugary soft drink exports dropped to $X in 2022. In general, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +27.1% against 2020 indices. The growth pace was the most rapid in 2014 when exports increased by 45%. Over the period under review, the exports hit record highs at $X in 2021, and then fell in the following year.

Exports by Country

Botswana (X litres), Swaziland (X litres) and Namibia (X litres) were the main destinations of sugary soft drink exports from South Africa, together comprising 66% of total exports. Lesotho, Mozambique, Zimbabwe, Mauritius, Democratic Republic of the Congo and Ghana lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mauritius (with a CAGR of +63.3%), while the other leaders experienced more modest paces of growth.

In value terms, Botswana ($X), Namibia ($X) and Swaziland ($X) were the largest markets for sugary soft drink exported from South Africa worldwide, together accounting for 50% of total exports. Zimbabwe, Lesotho, Mozambique, Mauritius, Democratic Republic of the Congo and Ghana lagged somewhat behind, together accounting for a further 31%.

Mauritius, with a CAGR of +61.2%, 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 more modest paces of growth.

Export Prices by Country

The average sugary soft drink export price stood at $X per litre in 2022, declining by -9% against the previous year. Overall, the export price recorded a perceptible curtailment. The pace of growth was the most pronounced in 2015 when the average export price increased by 24%. Over the period under review, the average export prices hit record highs at $X per litre in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Zimbabwe ($X per litre), while the average price for exports to Lesotho ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Sugary Soft Drink Imports

Imports into South Africa

In 2022, the amount of sugary soft drinks imported into South Africa soared to X litres, with an increase of 33% against 2021. In general, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 51% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, sugary soft drink imports soared to $X in 2022. Overall, imports continue to indicate buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Austria (X litres), the United Arab Emirates (X litres) and Switzerland (X litres) were the main suppliers of sugary soft drink imports to South Africa, with a combined 80% share of total imports. The UK, the Netherlands, Taiwan (Chinese) and the United States lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +105.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sugary soft drink suppliers to South Africa were Austria ($X), the United Arab Emirates ($X) and Switzerland ($X), together comprising 81% of total imports. The UK, the Netherlands, Taiwan (Chinese) and the United States lagged somewhat behind, together accounting for a further 14%.

Taiwan (Chinese), with a CAGR of +97.7%, saw 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 sugary soft drink import price stood at $X per litre in 2022, standing approx. at the previous year. Over the period under review, the import price, however, saw a perceptible downturn. The pace of growth appeared the most rapid in 2018 an increase of 11% against the previous year. The import price peaked at $X per litre in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per litre), while the price for Taiwan (Chinese) ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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