South Africa: Market for Fresh Bread and Miscellaneous Bakery 2024

Market Size for Fresh Bread and Miscellaneous Bakery in South Africa

The South African market for fresh bread and miscellaneous bakery rose slightly to $X in 2023, surging by X% 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 consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Fresh bread and miscellaneous bakery consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Fresh Bread and Miscellaneous Bakery in South Africa

In value terms, fresh bread and miscellaneous bakery production expanded slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Fresh Bread and Miscellaneous Bakery

Exports from South Africa

In 2023, overseas shipments of fresh bread and miscellaneous bakery decreased by X% to X tons, falling for the fourth consecutive year after five years of growth. Over the period under review, exports continue to indicate a noticeable setback. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, fresh bread and miscellaneous bakery exports contracted significantly to $X in 2023. In general, exports recorded a slight decrease. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

Namibia (X tons), Lesotho (X tons) and Mozambique (X tons) were the main destinations of fresh bread and miscellaneous bakery exports from South Africa, with a combined X% share of total exports. Swaziland, Zambia, Zimbabwe, the UK, Botswana, Australia, Seychelles and Angola lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Namibia ($X) remains the key foreign market for fresh bread and miscellaneous bakery exports from South Africa, comprising X% of total exports. The second position in the ranking was taken by Lesotho ($X), with a X% share of total exports. It was followed by Mozambique, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Namibia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lesotho (X% per year) and Mozambique (X% per year).

Export Prices by Country

In 2023, the average export price for fresh bread and miscellaneous bakery amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 an increase of X%. The export price peaked in 2023 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 Seychelles ($X per ton), while the average price for exports to Australia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fresh Bread and Miscellaneous Bakery

Imports into South Africa

In 2023, imports of fresh bread and miscellaneous bakery into South Africa dropped rapidly to X tons, which is down by X% compared with 2022 figures. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, fresh bread and miscellaneous bakery imports shrank to $X in 2023. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Malaysia (X tons) constituted the largest supplier of fresh bread and miscellaneous bakery to South Africa, with a X% share of total imports. Moreover, fresh bread and miscellaneous bakery imports from Malaysia exceeded the figures recorded by the second-largest supplier, the UK (X tons), twofold. The third position in this ranking was taken by Poland (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Malaysia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Poland (X% per year).

In value terms, Malaysia ($X) constituted the largest supplier of fresh bread and miscellaneous bakery to South Africa, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with an X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Malaysia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Poland (X% per year).

Import Prices by Country

In 2023, the average import price for fresh bread and miscellaneous bakery amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, 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 Romania ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform