South Africa - Sauces and Seasonings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSauce and Seasoning Price in South Africa - 2023
Contents:
- Sauce and Seasoning Price in South Africa (FOB) - 2022
- Sauce and Seasoning Price in South Africa (CIF) - 2022
- Sauce and Seasoning Exports in South Africa
- Sauce and Seasoning Imports in South Africa
Sauce and Seasoning Price in South Africa (FOB) - 2022
In 2022, the average sauce and seasoning export price amounted to $2,110 per ton, rising by 4.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2013 an increase of 17%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($3,180 per ton), while the average price for exports to Mozambique ($1,419 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 Namibia (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.
Sauce and Seasoning Price in South Africa (CIF) - 2022
The average sauce and seasoning import price stood at $2,221 per ton in 2022, rising by 4.8% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 14% against the previous year. Over the period under review, average import prices attained the peak figure at $2,287 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($5,104 per ton), while the price for China ($745 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Sauce and Seasoning Exports in South Africa
In 2022, the amount of sauces and seasonings exported from South Africa fell to 83K tons, waning by -4.2% against 2021 figures. The total export volume increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 13%. As a result, the exports reached the peak of 87K tons, and then reduced modestly in the following year.
In value terms, sauce and seasoning exports shrank modestly to $175M in 2022. The total export value increased at an average annual rate of +8.7% from 2019 to 2022; 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 30%. As a result, the exports reached the peak of $176M, leveling off in the following year.
| Export of Sauce and Seasoning in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Botswana | 26.9 | 25.1 | 30.6 | 34.0 | 8.1% |
| Zimbabwe | 10.0 | 13.3 | 22.5 | 24.6 | 35.0% |
| Namibia | 17.7 | 16.0 | 20.0 | 20.8 | 5.5% |
| Mozambique | 11.3 | 9.8 | 14.6 | 14.7 | 9.2% |
| Zambia | 9.7 | 7.0 | 9.5 | 12.4 | 8.5% |
| Lesotho | 6.4 | 5.3 | 7.3 | 7.7 | 6.4% |
| Swaziland | 5.3 | 4.5 | 5.8 | 6.4 | 6.5% |
| Australia | 5.1 | 5.8 | 5.4 | 5.7 | 3.8% |
| Democratic Republic of the Congo | 3.4 | 2.6 | 3.8 | 3.9 | 4.7% |
| Others | 40.8 | 45.9 | 56.3 | 45.0 | 3.3% |
| Total | 137 | 135 | 176 | 175 | 8.5% |
Top Export Markets for Sauce and Seasoning from South Africa in 2022:
- Botswana (18.1K tons)
- Zimbabwe (11.6K tons)
- Namibia (11.4K tons)
- Mozambique (10.3K tons)
- Zambia (6.1K tons)
- Australia (4.0K tons)
- Swaziland (3.5K tons)
- Lesotho (3.4K tons)
- Democratic Republic of the Congo (2.3K tons)
Sauce and Seasoning Imports in South Africa
In 2022, imports of sauces and seasonings into South Africa rose significantly to 20K tons, increasing by 8.7% on the previous year. The total import volume increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, sauce and seasoning imports rose significantly to $44M in 2022. The total import value increased at an average annual rate of +5.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Sauce and Seasoning in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.1 | 4.9 | 8.0 | 10.2 | 18.7% |
| United Kingdom | 4.8 | 4.3 | 4.1 | 5.4 | 4.0% |
| Italy | 2.8 | 3.1 | 3.6 | 4.4 | 16.3% |
| Egypt | 1.1 | 2.0 | 2.1 | 2.9 | 38.1% |
| Oman | 3.4 | 2.8 | 3.0 | 2.9 | -5.2% |
| Netherlands | 0.7 | 1.0 | 1.4 | 2.4 | 50.8% |
| Thailand | 4.0 | 3.7 | 2.6 | 2.3 | -16.8% |
| China | 3.8 | 3.5 | 2.1 | 2.0 | -19.3% |
| Germany | 1.1 | 1.3 | 1.7 | 1.8 | 17.8% |
| Malaysia | 1.7 | 1.5 | 1.9 | 1.6 | -2.0% |
| Singapore | 1.3 | 1.3 | 1.4 | 1.2 | -2.6% |
| Japan | 0.9 | 0.8 | 1.1 | 1.1 | 6.9% |
| Taiwan (Chinese) | 0.5 | 0.4 | 0.4 | 0.4 | -7.2% |
| Others | 4.8 | 4.1 | 5.1 | 5.1 | 2.0% |
| Total | 37.1 | 34.5 | 38.4 | 43.7 | 5.6% |
Top Suppliers of Sauce and Seasoning to South Africa in 2022:
- China (2.7K tons)
- Italy (2.5K tons)
- United Kingdom (2.3K tons)
- Oman (2.1K tons)
- United States (2.0K tons)
- Egypt (1.7K tons)
- Thailand (1.0K tons)
- Netherlands (0.9K tons)
- Japan (0.6K tons)
- Taiwan (Chinese) (0.5K tons)
- Malaysia (0.5K tons)
- Germany (0.5K tons)
- Singapore (0.4K tons)
This report provides an in-depth analysis of the sauce and seasoning market 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:
- Prodcom 10841210 - Soya sauce
- Prodcom 10841230 - Tomato ketchup and other tomato sauces
- Prodcom 10841253 - Mustard flour and meal
- Prodcom 10841255 - Prepared mustard
- Prodcom 10841270 - Sauces and preparations therefor, mixed condiments and mixed seasonings (excluding soya sauce, tomato ketchup, o ther tomato sauces, mustard flour or meal and prepared mustard)
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
-
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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