Non-Liquid Margarine Price in South Africa - 2023

Contents:

1. Non-Liquid Margarine Price in South Africa (FOB) - 2023
2. Non-Liquid Margarine Price in South Africa (CIF) - 2022
3. Non-Liquid Margarine Exports in South Africa
4. Non-Liquid Margarine Imports in South Africa

Non-Liquid Margarine Price in South Africa (FOB) - 2023

In July 2023, the average non-liquid margarine export price amounted to $1,800 per ton, with an increase of 2.5% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when the average export price increased by 5.8% against the previous month. The export price peaked at $1,972 per ton in November 2022; however, from December 2022 to July 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Zimbabwe ($3,603 per ton), while the average price for exports to Madagascar ($834 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Liquid Margarine Price in South Africa (CIF) - 2022

The average non-liquid margarine import price stood at $1,417 per ton in 2022, with a decrease of -4.2% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 108%. The import price peaked at $2,319 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 Germany ($2,800 per ton), while the price for Brazil ($1,204 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+27.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Non-Liquid Margarine Exports in South Africa

In 2022, shipments abroad of non-liquid margarine decreased by -4.2% to 19K tons, falling for the second year in a row after two years of growth. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 11% against the previous year. As a result, the exports attained the peak of 22K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-liquid margarine exports rose markedly to $37M in 2022. The total export value increased at an average annual rate of +7.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Non-Liquid Margarine from South Africa in 2022:

1. Namibia (5.1K tons)
2. Mozambique (3.5K tons)
3. Zambia (2.2K tons)
4. Botswana (2.1K tons)
5. Swaziland (1.9K tons)
6. Mauritius (1.5K tons)
7. Democratic Republic of the Congo (1.1K tons)
8. Zimbabwe (1.1K tons)
9. Lesotho (0.3K tons)

Non-Liquid Margarine Imports in South Africa

In 2022, approx. 88 tons of non-liquid margarine were imported into South Africa; rising by 146% on the year before. Over the period under review, imports recorded a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-liquid margarine imports surged to $125K in 2022. Overall, imports enjoyed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Non-Liquid Margarine to South Africa in 2022:

1. Brazil (74.0 tons)
2. Belgium (12.1 tons)
3. Germany (1.6 tons)

Source: IndexBox Market Intelligence Platform