South Africa: Margarine And Shortening Market 2024

Margarine And Shortening Market Size in South Africa

The South African margarine and shortening market expanded rapidly to $X in 2022, surging by X% against the previous year. In general, consumption saw a resilient increase. Margarine and shortening consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Margarine And Shortening Production in South Africa

In value terms, margarine and shortening production rose sharply to $X in 2022 estimated in export price. In general, production posted prominent growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Margarine And Shortening Exports

Exports from South Africa

After two years of growth, shipments abroad of margarine and shortening decreased by X% to X tons in 2022. In general, exports recorded a perceptible decline. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, margarine and shortening exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Namibia (X tons), Zambia (X tons) and Zimbabwe (X tons) were the main destinations of margarine and shortening exports from South Africa, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Zambia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

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

Zambia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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

In 2022, the average margarine and shortening export price amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

Margarine And Shortening Imports

Imports into South Africa

Margarine and shortening imports into South Africa skyrocketed to X tons in 2022, increasing by X% against 2021 figures. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, margarine and shortening imports surged to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest supplier of margarine and shortening to South Africa, accounting for a X% share of total imports. Moreover, margarine and shortening imports from Malaysia exceeded the figures recorded by the second-largest supplier, Singapore (X tons), fourfold. The third position in this ranking was taken by Spain (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Spain (X% per year).

In value terms, Malaysia ($X) constituted the largest supplier of margarine and shortening to South Africa, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports. It was followed by Kenya, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Kenya (X% per year).

Import Prices by Country

In 2022, the average margarine and shortening import price amounted to $X per ton, reducing by X% against the previous year. In general, the import price, however, saw a slight expansion. The most prominent rate of growth was recorded in 2020 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 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Kenya ($X per ton), while the price for Australia ($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 Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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