Price for Sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa in South Africa - 2023
Contents:
- Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in South Africa (FOB) - 2023
- Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in South Africa (CIF) - 2022
- Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in South Africa
- Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in South Africa
Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in South Africa (FOB) - 2023
The average export price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa stood at $3,152 per ton in November 2023, approximately equating the previous month. Over the last eleven months, it increased at an average monthly rate of +3.2%. The pace of growth appeared the most rapid in January 2023 an increase of 23% against the previous month. The export price peaked at $3,158 per ton in April 2023; afterwards, it flattened through to November 2023.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was Zimbabwe ($4,366 per ton), while the average price for exports to Swaziland ($2,437 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in South Africa (CIF) - 2022
The average import price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa stood at $1,409 per ton in 2022, jumping by 17% against the previous year. Overall, the import price, however, saw a noticeable slump. Over the period under review, average import prices attained the peak figure at $2,255 per ton in 2013; however, from 2014 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 Belgium ($2,808 per ton), while the price for Turkey ($414 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in South Africa
In 2022, exports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa from South Africa expanded sharply to 28K tons, surging by 12% against the year before. The total export volume increased at an average annual rate of +7.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 19%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa soared to $78M in 2022. The total export value increased at an average annual rate of +8.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 28% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in years to come.
| Export of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 16.0 | 13.8 | 14.9 | 16.7 | 1.4% |
| Zimbabwe | 6.1 | 6.8 | 10.1 | 13.9 | 31.6% |
| Botswana | 12.4 | 10.4 | 12.3 | 12.9 | 1.3% |
| Mozambique | 2.3 | 2.4 | 4.4 | 7.0 | 44.9% |
| Swaziland | 5.0 | 3.6 | 4.9 | 5.3 | 2.0% |
| Lesotho | 3.4 | 2.8 | 4.2 | 4.0 | 5.6% |
| Zambia | 2.6 | 1.6 | 2.5 | 3.2 | 7.2% |
| Australia | 1.4 | 1.4 | 1.9 | 1.5 | 2.3% |
| Angola | 1.1 | 0.3 | 0.5 | 1.1 | 0.0% |
| Others | 11.2 | 8.8 | 10.9 | 12.8 | 4.6% |
| Total | 61.6 | 52.0 | 66.6 | 78.2 | 8.3% |
Top Export Markets for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa from South Africa in 2022:
- Namibia (6.5K tons)
- Botswana (5.5K tons)
- Zimbabwe (3.9K tons)
- Mozambique (3.1K tons)
- Lesotho (2.1K tons)
- Swaziland (1.9K tons)
- Zambia (1.5K tons)
- Angola (0.6K tons)
- Australia (0.4K tons)
Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in South Africa
In 2022, approx. 37K tons of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa were imported into South Africa; approximately equating the previous year. The total import volume increased at an average annual rate of +9.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 33%. As a result, imports reached the peak of 37K tons, leveling off in the following year.
In value terms, imports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa soared to $52M in 2022. The total import value increased at an average annual rate of +9.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 28%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Swaziland | 7.9 | 6.3 | 9.2 | 12.6 | 16.8% |
| Zambia | 3.0 | 5.3 | 5.4 | 8.5 | 41.5% |
| China | 6.2 | 3.1 | 3.6 | 4.7 | -8.8% |
| Turkey | 3.7 | 3.0 | 4.4 | 4.5 | 6.7% |
| Brazil | 1.8 | 1.9 | 2.5 | 3.4 | 23.6% |
| Belgium | 1.4 | 1.5 | 1.5 | 1.8 | 8.7% |
| Thailand | 4.0 | 3.5 | 4.2 | 1.8 | -23.4% |
| Spain | 0.9 | 0.9 | 1.1 | 1.3 | 13.0% |
| Zimbabwe | 0.7 | 0.6 | 0.8 | 1.0 | 12.6% |
| Pakistan | 0.4 | 0.2 | 0.7 | 0.6 | 14.5% |
| Others | 9.8 | 8.4 | 10.8 | 11.5 | 5.5% |
| Total | 39.7 | 34.5 | 44.2 | 51.6 | 9.1% |
Top Suppliers of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa to South Africa in 2022:
- Turkey (10.8K tons)
- Swaziland (5.9K tons)
- Zambia (4.7K tons)
- Brazil (4.2K tons)
- China (3.2K tons)
- Spain (1.0K tons)
- Zimbabwe (0.9K tons)
- Thailand (0.8K tons)
- Pakistan (0.6K tons)
- Belgium (0.6K tons)
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