South Africa: Market for Butter And Dairy Spreads 2024

Market Size for Butter And Dairy Spreads in South Africa

The South African butter and dairy spreads market shrank markedly to $X in 2022, declining by X% against the previous year. In general, consumption continues to indicate a deep downturn. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Butter And Dairy Spreads in South Africa

In value terms, butter and dairy spreads production amounted to less than $X in 2022 estimated in export price. Over the period under review, production continues to indicate a dramatic setback. The most prominent rate of growth was recorded 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.

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Exports of Butter And Dairy Spreads

Exports from South Africa

In 2022, shipments abroad of butter and dairy spreads increased by X% to X tons, rising for the fourth year in a row after four years of decline. Over the period under review, exports, however, showed a deep setback. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, butter and dairy spreads exports stood at $X in 2022. Overall, exports, however, saw a mild contraction. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Namibia (X tons) was the main destination for butter and dairy spreads exports from South Africa, with a X% share of total exports. Moreover, butter and dairy spreads exports to Namibia exceeded the volume sent to the second major destination, Mozambique (X tons), twofold. The third position in this ranking was taken by Botswana (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Namibia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (X% per year) and Botswana (X% per year).

In value terms, Namibia ($X), Mozambique ($X) and Botswana ($X) were the largest markets for butter and dairy spreads exported from South Africa worldwide, with a combined X% share of total exports. Zambia, Mauritius, Malawi, Democratic Republic of the Congo and Zimbabwe lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Democratic Republic of the Congo, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average butter and dairy spreads export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2022: its price 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, butter and dairy spreads export price decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mauritius ($X per ton), while the average price for exports to Botswana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mauritius (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Butter And Dairy Spreads

Imports into South Africa

In 2022, approx. X tons of butter and dairy spreads were imported into South Africa; with a decrease of X% on the year before. Over the period under review, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2015 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, butter and dairy spreads imports contracted modestly to $X in 2022. Overall, imports showed a mild slump. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest supplier of butter and dairy spreads to South Africa, with a X% share of total imports. Moreover, butter and dairy spreads imports from New Zealand exceeded the figures recorded by the second-largest supplier, Uruguay (X tons), twofold. The third position in this ranking was taken by Ireland (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from New Zealand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (X% per year) and Ireland (X% per year).

In value terms, New Zealand ($X), Uruguay ($X) and Ireland ($X) appeared to be the largest butter and dairy spreads suppliers to South Africa, with a combined X% share of total imports.

In terms of the main suppliers, Uruguay, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average butter and dairy spreads import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price 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, butter and dairy spreads import price increased by X% against 2020 indices. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, 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 the UK ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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