SADC: Vitamin Market 2024

Vitamin Market Size in SADC

The SADC vitamin market amounted to $X in 2023, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Vitamin Production in SADC

In value terms, vitamin production stood at $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Vitamin Exports

Exports in SADC

In 2023, after four years of growth, there was significant decline in shipments abroad of provitamins and vitamins, when their volume decreased by X% to X tons. Overall, exports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2022, and then declined in the following year.

In value terms, vitamin exports expanded remarkably to $X in 2023. Total exports indicated a noticeable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2017 indices. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports reached the maximum in 2023 and are expected to retain growth in the immediate term.

Exports by Country

South Africa dominates exports structure, reaching X tons, which was near X% of total exports in 2023. The following exporters - Zambia (X tons) and Swaziland (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to vitamin exports from South Africa stood at X%. At the same time, Zambia (X%) and Swaziland (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. Zambia (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 ($X) remains the largest vitamin supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Zambia ($X), with an X% share of total exports.

In South Africa, vitamin exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Zambia (X% per year) and Swaziland (X% per year).

Export Prices by Country

In 2023, the export price in SADC amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, saw a noticeable decline. The pace of growth was the most pronounced in 2016 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Zambia ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Swaziland (X%), while the other leaders experienced a decline in the export price figures.

Vitamin Imports

Imports in SADC

In 2023, overseas purchases of provitamins and vitamins decreased by X% to X tons, falling for the second consecutive year after three years of growth. Total imports indicated a noticeable increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, vitamin imports reduced remarkably to $X in 2023. Total imports indicated slight growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

South Africa represented the major importing country with an import of about X tons, which finished at X% of total imports. Namibia (X tons) ranks second in terms of the total imports with a X% share, followed by Angola (X%) and Tanzania (X%). The following importers - Mozambique (X tons), Zambia (X tons) and Swaziland (X tons) - each resulted at an X% share of total imports.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2023. At the same time, Namibia (X%), Tanzania (X%), Angola (X%), Swaziland (X%) and Zambia (X%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. By contrast, Mozambique (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Namibia, Angola and Tanzania increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported provitamins and vitamins in SADC, comprising X% of total imports. The second position in the ranking was held by Namibia ($X), with an X% share of total imports. It was followed by Angola, with a X% share.

In South Africa, vitamin imports remained relatively stable over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Namibia (X% per year) and Angola (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2023, which is down by X% against the previous year. Over the period under review, the import price saw a noticeable decline. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2023, the 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 South Africa ($X per ton), while Angola ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mozambique (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform