South Africa: Gingerbread Market 2024

Gingerbread Market Size in South Africa

The South African gingerbread market was estimated at $X in 2022, flattening at the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Gingerbread Production in South Africa

In value terms, gingerbread production reached $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 15% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Gingerbread Exports

Exports from South Africa

In 2022, shipments abroad of gingerbread was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 82%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, gingerbread exports soared to $X in 2022. Overall, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 53%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Botswana (X tons) was the main destination for gingerbread exports from South Africa, with a 33% share of total exports. Moreover, gingerbread exports to Botswana exceeded the volume sent to the second major destination, Zambia (X tons), twofold. Mozambique (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Botswana stood at +9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (-4.1% per year) and Mozambique (+10.0% per year).

In value terms, Botswana ($X), Mozambique ($X) and Namibia ($X) constituted the largest markets for gingerbread exported from South Africa worldwide, with a combined 59% share of total exports. Zambia, Zimbabwe, Malawi, Tanzania, Swaziland and Lesotho lagged somewhat behind, together comprising a further 33%.

Malawi, with a CAGR of +21.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average gingerbread export price stood at $X per ton in 2022, rising by 9.4% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gingerbread export price increased by +70.8% against 2015 indices. The growth pace was the most rapid in 2016 when the average export price increased by 27%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Swaziland ($X per ton), while the average price for exports to Lesotho ($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 Namibia (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Gingerbread Imports

Imports into South Africa

Gingerbread imports into South Africa soared to X tons in 2022, increasing by 24% on the year before. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 109%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, gingerbread imports surged to $X in 2022. In general, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 65%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of gingerbread to South Africa, with a 82% share of total imports. Moreover, gingerbread imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), ninefold. The third position in this ranking was held by Brazil (X tons), with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+4.8% per year) and Brazil (+2.2% per year).

In value terms, Germany ($X) constituted the largest supplier of gingerbread to South Africa, comprising 85% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 6.2% share of total imports. It was followed by Brazil, with a 4% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+3.3% per year) and Brazil (-5.7% per year).

Import Prices by Country

In 2022, the average gingerbread import price amounted to $X per ton, rising by 6.8% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 34% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lesotho (+2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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