SADC: Sugar Market 2024

Sugar Market Size in SADC

In 2022, the SADC sugar market increased by X% to $X, rising for the third consecutive year after two years of decline. Overall, consumption, however, showed a slight setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sugar Production in SADC

In value terms, sugar production declined modestly to $X in 2022 estimated in export price. In general, production saw a noticeable setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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

In South Africa, sugar production expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Swaziland (X% per year) and Zambia (X% per year).

Sugar Exports

Exports in SADC

In 2022, shipments abroad of sugar decreased by X% to X tons, falling for the third consecutive year after two years of growth. In general, exports showed a mild reduction. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sugar exports contracted to $X in 2022. Overall, exports continue to indicate a noticeable decrease. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Swaziland (X tons) and South Africa (X tons) represented the main exporters of sugar in SADC, together accounting for near X% of total exports. It was distantly followed by Mauritius (X tons), Mozambique (X tons) and Zambia (X tons), together committing a X% share of total exports. Zimbabwe (X tons) and Malawi (X tons) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Mauritius (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Swaziland ($X), South Africa ($X) and Mauritius ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, South Africa, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Zambia ($X per ton) and Malawi ($X per ton), while South Africa ($X per ton) and Mozambique ($X per ton) were amongst the lowest.

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

Sugar Imports

Imports in SADC

For the fourth year in a row, SADC recorded growth in supplies from abroad of sugar, which increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 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 stood at a somewhat lower figure.

In value terms, sugar imports expanded significantly to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X tons), distantly followed by Democratic Republic of the Congo (X tons), Mauritius (X tons), Madagascar (X tons) and Botswana (X tons) were the major importers of sugar, together creating X% of total imports. The following importers - Tanzania (X tons) and Namibia (X tons) - together made up X% 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, South Africa ($X) constitutes the largest market for imported sugar in SADC, comprising X% of total imports. The second position in the ranking was taken by Mauritius ($X), with a X% share of total imports. It was followed by Botswana, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Mauritius (X% per year) and Botswana (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, flattening at the previous year. Overall, the import price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 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 Botswana ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Botswana (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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