SADC: Festive Articles Market 2024

Festive Articles Market Size in SADC

In 2022, the SADC festive articles market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption saw a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Festive Articles Production in SADC

In value terms, festive articles production reached $X in 2022 estimated in export price. Over the period under review, production enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Festive Articles Exports

Exports in SADC

In 2022, approx. X tons of festive or carnival articles were exported in SADC; with a decrease of X% on the previous year's figure. Total exports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, festive articles exports expanded notably to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Madagascar (X tons), mixing up a X% share of total exports. Tanzania (X tons) took a minor share of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Madagascar (X%) and Tanzania (X%) displayed positive paces of growth. Moreover, Madagascar emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. Madagascar (X p.p.) and Tanzania (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest festive articles supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Madagascar ($X), with a X% share of total exports.

In South Africa, festive articles exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Madagascar (X% per year) and Tanzania (X% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, jumping by X% against the previous year. Overall, the export price, however, continues to indicate a pronounced downturn. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Madagascar ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (X%), while the other leaders experienced mixed trends in the export price figures.

Festive Articles Imports

Imports in SADC

In 2022, approx. X tons of festive or carnival articles were imported in SADC; jumping by X% compared with the previous year. In general, imports enjoyed a resilient increase. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, festive articles imports soared to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

South Africa was the key importing country with an import of around X tons, which resulted at X% of total imports. It was distantly followed by Democratic Republic of the Congo (X tons) and Angola (X tons), together committing a X% share of total imports. Madagascar (X tons), Mauritius (X tons), Mozambique (X tons) and Zambia (X tons) took a relatively small share of total imports.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Madagascar (X%), Zambia (X%), Democratic Republic of the Congo (X%), Mauritius (X%) and Mozambique (X%) displayed positive paces of growth. Moreover, Madagascar emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. Angola experienced a relatively flat trend pattern. While the share of South Africa (X p.p.), Democratic Republic of the Congo (X p.p.) and Madagascar (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mauritius (X p.p.), Mozambique (X p.p.) and Angola (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported festive or carnival articles in SADC, comprising X% of total imports. The second position in the ranking was held by Angola ($X), with a X% share of total imports. It was followed by Mauritius, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to X%. In the other countries, the average annual rates were as follows: Angola (X% per year) and Mauritius (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, falling by X% against the previous year. Overall, the import price saw a abrupt descent. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mauritius ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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