South Africa: Maize Bran Market 2024

Maize Bran Market Size in South Africa

In 2023, after two years of growth, there was significant decline in the South African maize bran market, when its value decreased by X% to $X. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then dropped sharply in the following year.

Maize Bran Production in South Africa

In value terms, maize bran production contracted to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2023, production growth remained at a lower figure.

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Maize Bran Exports

Exports from South Africa

In 2023, overseas shipments of maize bran were finally on the rise to reach X tons for the first time since 2018, thus ending a four-year declining trend. In general, exports saw a strong increase. The exports peaked at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, maize bran exports surged to $X in 2023. Over the period under review, exports recorded strong growth. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

Namibia (X tons) was the main destination for maize bran exports from South Africa, with a X% share of total exports. Moreover, maize bran exports to Namibia exceeded the volume sent to the second major destination, Botswana (X tons), fivefold. Lesotho (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, Namibia ($X) emerged as the key foreign market for maize bran exports from South Africa, comprising X% of total exports. The second position in the ranking was held by Botswana ($X), with a X% share of total exports. It was followed by Lesotho, with a X% share.

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

Export Prices by Country

In 2023, the average maize bran export price amounted to $X per ton, waning by X% against the previous year. In general, the export price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mozambique ($X per ton), while the average price for exports to Botswana ($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 Mozambique (X%), while the prices for the other major destinations experienced a decline.

Maize Bran Imports

Imports into South Africa

In 2023, supplies from abroad of maize bran decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then plummeted in the following year.

In value terms, maize bran imports dropped markedly to $X in 2023. In general, imports continue to indicate a mild setback. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then shrank rapidly in the following year.

Imports by Country

Mozambique (X tons), Botswana (X tons) and Zambia (X tons) were the main suppliers of maize bran imports to South Africa, together accounting for X% of total imports. Lesotho, Malawi, Namibia and Zimbabwe lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Namibia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest maize bran suppliers to South Africa were Botswana ($X), Mozambique ($X) and Zambia ($X), with a combined X% share of total imports. Lesotho, Namibia, Malawi and Zimbabwe lagged somewhat behind, together comprising a further X%.

Namibia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average maize bran import price amounted to $X per ton, declining by X% against the previous year. In general, the import price recorded a slight downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs 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 Namibia ($X per ton), while the price for Malawi ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Namibia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform