South Africa: Wheat Gluten Market 2024

Wheat Gluten Market Size in South Africa

The South African wheat gluten market amounted to $X in 2022, increasing by 4.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a remarkable increase. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Wheat Gluten Exports

Exports from South Africa

Wheat gluten exports from South Africa contracted notably to X tons in 2022, waning by -20.4% on the year before. Overall, exports, however, recorded a pronounced expansion. The pace of growth appeared the most rapid in 2015 with an increase of 656%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, wheat gluten exports shrank rapidly to $X in 2022. In general, exports, however, posted measured growth. The most prominent rate of growth was recorded in 2015 with an increase of 407%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Botswana (X tons) was the main destination for wheat gluten exports from South Africa, accounting for a 58% share of total exports. Moreover, wheat gluten exports to Botswana exceeded the volume sent to the second major destination, Zambia (X tons), threefold. Zimbabwe (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Botswana amounted to +16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (+20.6% per year) and Zimbabwe (-3.8% per year).

In value terms, the largest markets for wheat gluten exported from South Africa were Botswana ($X), Zambia ($X) and Zimbabwe ($X), with a combined 91% share of total exports.

Among the main countries of destination, Zambia, with a CAGR of +15.8%, recorded the highest growth rate of 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 2022, the average wheat gluten export price amounted to $X per ton, which is down by -22.9% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 71% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zimbabwe ($X per ton), while the average price for exports to Namibia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Swaziland (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.

Wheat Gluten Imports

Imports into South Africa

In 2022, the amount of wheat gluten imported into South Africa declined to X tons, waning by -14.7% on 2021 figures. In general, total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 54%. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, wheat gluten imports rose significantly to $X in 2022. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 71% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Belgium (X tons), China (X tons) and Lithuania (X tons) were the main suppliers of wheat gluten imports to South Africa, with a combined 76% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +20.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wheat gluten suppliers to South Africa were Belgium ($X), China ($X) and the Netherlands ($X), with a combined 76% share of total imports.

Belgium, with a CAGR of +24.4%, recorded the highest growth rate of 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 wheat gluten import price stood at $X per ton in 2022, jumping by 26% against the previous year. Over the last decade, it increased at an average annual rate of +4.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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