South Africa - Buttermilk And Buttermilk Powder - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Buttermilk and Buttermilk Powder in South Africa - 2023
Contents:
- Price for Buttermilk and Buttermilk Powder in South Africa (CIF) - 2023
- Price for Buttermilk and Buttermilk Powder in South Africa (FOB) - 2023
- Imports of Buttermilk and Buttermilk Powder in South Africa
- Exports of Buttermilk and Buttermilk Powder in South Africa
Price for Buttermilk and Buttermilk Powder in South Africa (CIF) - 2023
The average buttermilk and buttermilk powder import price stood at $2,329 per ton in July 2023, with an increase of 10% against the previous month. Overall, the import price, however, saw a perceptible decrease. The pace of growth was the most pronounced in August 2022 when the average import price increased by 13% against the previous month. The import price peaked at $4,089 per ton in November 2022; however, from December 2022 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($2,986 per ton), while the price for Zambia ($621 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.1%), while the prices for the other major suppliers experienced a decline.
Price for Buttermilk and Buttermilk Powder in South Africa (FOB) - 2023
The average buttermilk and buttermilk powder export price stood at $1,326 per ton in July 2023, rising by 4.9% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.0%. The pace of growth was the most pronounced in November 2022 when the average export price increased by 23% against the previous month. Over the period under review, the average export prices reached the maximum in July 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Namibia ($1,634 per ton), while the average price for exports to Swaziland ($772 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 Mozambique (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Buttermilk and Buttermilk Powder in South Africa
In 2022, imports of buttermilk and buttermilk powder into South Africa was estimated at 3.4K tons, flattening at the year before. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 20%. As a result, imports attained the peak of 4K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, buttermilk and buttermilk powder imports surged to $12M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +18.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.7% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Buttermilk and Buttermilk Powder in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 3.1 | 3.7 | 4.2 | 5.5 | 21.1% |
| Netherlands | 0.3 | 2.0 | 1.8 | 2.3 | 97.2% |
| Germany | 2.7 | 2.3 | 0.7 | 2.1 | -8.0% |
| Portugal | 0.2 | N/A | 0.3 | 1.0 | 71.0% |
| Ireland | N/A | N/A | 0.4 | 0.5 | 25.0% |
| United Kingdom | 0.6 | 0.8 | 0.6 | 0.4 | -12.6% |
| United States | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| New Zealand | 0.4 | 0.3 | 0.1 | N/A | -50.0% |
| Lithuania | N/A | 0.3 | 0.2 | N/A | -33.3% |
| Others | 0.2 | 0.4 | 0.5 | 0.2 | 0.0% |
| Total | 7.5 | 9.8 | 9.0 | 12.3 | 17.9% |
Top Suppliers of Buttermilk and Buttermilk Powder to South Africa in 2022:
- New Zealand (undefined tons)
- France (1567.4 tons)
- Netherlands (589.5 tons)
- Germany (520.5 tons)
- Portugal (276.9 tons)
- Ireland (150.6 tons)
- United Kingdom (122.3 tons)
- United States (64.4 tons)
Exports of Buttermilk and Buttermilk Powder in South Africa
In 2022, approx. 15K tons of buttermilk and buttermilk powder were exported from South Africa; growing by 84% on the previous year. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, buttermilk and buttermilk powder exports soared to $16M in 2022. Over the period under review, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Buttermilk and Buttermilk Powder in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mozambique | 0.8 | 0.6 | 1.1 | 4.1 | 72.4% |
| Botswana | 1.0 | 1.0 | 1.2 | 3.9 | 57.4% |
| Swaziland | 2.4 | 2.5 | 3.1 | 2.5 | 1.4% |
| Namibia | 1.3 | 1.2 | 1.5 | 2.3 | 20.9% |
| Lesotho | 0.2 | 0.1 | 0.1 | 1.5 | 95.7% |
| Angola | 0.7 | 0.1 | 0.3 | 0.5 | -10.6% |
| Zambia | 0.4 | 0.2 | 0.4 | 0.4 | 0.0% |
| Others | 0.3 | 0.4 | 0.7 | 1.0 | 49.4% |
| Total | 7.1 | 6.0 | 8.4 | 16.2 | 31.6% |
Top Export Markets for Buttermilk and Buttermilk Powder from South Africa in 2022:
- Swaziland (3.6K tons)
- Botswana (3.6K tons)
- Mozambique (3.3K tons)
- Namibia (1.7K tons)
- Lesotho (1.6K tons)
- Angola (0.3K tons)
- Zambia (0.1K tons)
This report provides an in-depth analysis of the market for buttermilk and buttermilk powder in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 893 - Buttermilk, Curdled Milk, Acidified Milk
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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