SADC: Sugar Crop Market 2024

Sugar Crop Market Size in SADC

The SADC sugar crop market dropped remarkably to $X in 2022, falling by X% against the previous year. Over the period under review, consumption, however, showed a abrupt setback. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Sugar Crop Production in SADC

In value terms, sugar crop production contracted modestly to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible contraction. The growth pace was the most rapid in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

South Africa (X tons) remains the largest sugar crop producing country in SADC, comprising approx. X% of total volume. Moreover, sugar crop production in South Africa exceeded the figures recorded by the second-largest producer, Swaziland (X tons), threefold. The third position in this ranking was held by Zambia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in South Africa was relatively modest. In the other countries, the average annual rates were as follows: Swaziland (X% per year) and Zambia (X% per year).

In 2022, the average yield of sugar crops in SADC dropped modestly to X tons per ha, approximately mirroring 2021 figures. In general, the yield, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha. From 2014 to 2022, the growth of the sugar crop yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The sugar crop harvested area amounted to X ha in 2022, approximately equating 2021 figures. In general, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to sugar crop production reached the peak figure at X ha in 2019; however, from 2020 to 2022, the harvested area remained at a lower figure.

Sugar Crop Exports

Exports in SADC

In 2022, shipments abroad of sugar crops decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, sugar crop exports declined notably to $X in 2022. In general, exports recorded a sharp decrease. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa (X tons) and Angola (X tons) represented roughly X% of total exports in 2022. Botswana (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Malawi (X%) and Lesotho (X%). Mauritius (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Angola (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) remains the largest sugar crop supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Malawi ($X), with a X% share of total exports. It was followed by Botswana, with an X% share.

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

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, shrinking by X% against the previous year. In general, the export price faced a abrupt decrease. The growth pace was the most rapid in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

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

Sugar Crop Imports

Imports in SADC

In 2022, sugar crop imports in SADC contracted sharply to X tons, reducing by X% against 2021. In general, imports faced a abrupt downturn. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, sugar crop imports shrank sharply to $X in 2022. Overall, imports showed a abrupt curtailment. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of sugar crop imports in 2022 were Namibia (X tons), Botswana (X tons) and Lesotho (X tons), together resulting at X% of total import. It was distantly followed by Swaziland (X tons), constituting a X% share of total imports. The following importers - Zimbabwe (X tons) and Seychelles (X tons) - each amounted to a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Botswana (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sugar crop importing markets in SADC were Lesotho ($X), Swaziland ($X) and Namibia ($X), with a combined X% share of total imports. Zimbabwe, Botswana and Seychelles lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Seychelles, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, recorded a slight descent. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Zimbabwe ($X per ton), while Botswana ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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