South Africa: Cream Market 2021

Cream Market Size in South Africa

In 2020, the South African cream market was finally on the rise to reach $X for the first time since 2015, thus ending a four-year declining trend. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 when the market value increased by X% against the previous year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2020, consumption failed to regain the momentum.

Cream Production in South Africa

In value terms, cream production amounted to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2020, production failed to regain the momentum.

Cream Exports

Exports from South Africa

For the ninth consecutive year, South Africa recorded growth in shipments abroad of cream, which increased by X% to X tons in 2020. Over the period under review, exports recorded a resilient expansion. The pace of growth appeared the most rapid in 2009 when exports increased by X% against the previous year. Exports peaked in 2020 and are likely to see gradual growth in the near future.

In value terms, cream exports expanded notably to $X in 2020. Overall, exports continue to indicate strong growth. The growth pace was the most rapid in 2009 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure in 2020 and are expected to retain growth in years to come.

Exports by Country

Swaziland (X tons) was the main destination for cream exports from South Africa, accounting for a X% share of total exports. Moreover, cream exports to Swaziland exceeded the volume sent to the second major destination, Namibia (X tons), fourfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Swaziland totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (+X% per year) and Malawi (+X% per year).

In value terms, Swaziland ($X) remains the key foreign market for cream exports from South Africa, comprising X% of total exports. The second position in the ranking was occupied by Namibia ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Swaziland totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (+X% per year) and Malawi (+X% per year).

Export Prices by Country

In 2020, the average cream export price amounted to $X per ton, reducing by -X% against the previous year. In general, the export price saw a pronounced reduction. The pace of growth was the most pronounced in 2008 an increase of X% year-to-year. Over the period under review, average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Namibia ($X per ton), while the average price for exports to Malawi ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Namibia, while the prices for the other major destinations experienced a decline.

Cream Imports

Imports into South Africa

For the ninth consecutive year, South Africa recorded growth in purchases abroad of cream, which increased by X% to X tons in 2020. In general, imports saw strong growth. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2020 and are likely to see steady growth in years to come.

In value terms, cream imports expanded sharply to $X in 2020. Overall, imports recorded strong growth. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. As a result, imports reached the peak of $X. From 2011 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2020, Namibia (X tons) constituted the largest supplier of cream to South Africa, with a X% share of total imports. Moreover, cream imports from Namibia exceeded the figures recorded by the second-largest supplier, France (X tons), fivefold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Namibia amounted to +X%.

In value terms, Namibia ($X) constituted the largest supplier of cream to South Africa, comprising X% of total imports. The second position in the ranking was occupied by France ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Namibia stood at +X%.

Import Prices by Country

The average cream import price stood at $X per ton in 2020, shrinking by -X% against the previous year. Over the period under review, the import price recorded a deep setback. The pace of growth appeared the most rapid in 2010 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2011 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Namibia ($X per ton), while the price for France amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Namibia.

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Source: IndexBox Platform

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