South Africa: Fructose Market 2024

Fructose Market Size in South Africa

The South African fructose market expanded markedly to $X in 2023, surging by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted a strong increase. Over the period under review, the market attained the maximum level in 2023 and is expected to retain growth in the near future.

Fructose Exports

Exports from South Africa

In 2023, shipments abroad of fructose and fructose syrup increased by X% to X tons for the first time since 2019, thus ending a three-year declining trend. In general, exports, however, continue to indicate a pronounced decline. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2023, the growth of the exports failed to regain momentum.

In value terms, fructose exports soared to $X in 2023. Overall, total exports indicated a tangible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Zimbabwe (X tons), Zambia (X tons) and Mozambique (X tons) were the main destinations of fructose exports from South Africa, together comprising X% of total exports. Namibia, Nigeria, Botswana, Swaziland, Australia, Malawi, the Netherlands, New Zealand, Lesotho and Kenya 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 Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fructose exported from South Africa were Botswana ($X), Mozambique ($X) and Namibia ($X), together accounting for X% of total exports. Zimbabwe, Nigeria, Zambia, Australia, Swaziland, Malawi, Kenya, the Netherlands, New Zealand and Lesotho lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the Netherlands, 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 more modest paces of growth.

Export Prices by Country

The average fructose export price stood at $X per ton in 2023, reducing by X% against the previous year. In general, the export price, however, saw a prominent expansion. The growth pace was the most rapid in 2014 when the average export price increased by X%. The export price peaked at $X per ton in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Botswana ($X per ton), while the average price for exports to Lesotho ($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 Kenya (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Fructose Imports

Imports into South Africa

For the fifth consecutive year, South Africa recorded growth in purchases abroad of fructose and fructose syrup, which increased by X% to X tons in 2023. Overall, imports recorded prominent growth. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Imports peaked in 2023 and are likely to see gradual growth in years to come.

In value terms, fructose imports expanded notably to $X in 2023. Over the period under review, total imports indicated a notable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports attained the maximum in 2023 and are likely to continue growth in the near future.

Imports by Country

In 2023, Swaziland (X tons) constituted the largest fructose supplier to South Africa, with a X% share of total imports. Moreover, fructose imports from Swaziland exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by Turkey (X tons), with a X% share.

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

In value terms, Swaziland ($X) constituted the largest supplier of fructose and fructose syrup to South Africa, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

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

Import Prices by Country

In 2023, the average fructose import price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2018 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.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was France ($X per ton), while the price for Swaziland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform