South Africa: Confectionery Market 2022

Confectionery Market Size in South Africa

The south african confectionery market stood at $X in 2021, rising 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).The market value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years.The most prominent rate of growth was recorded in 2017 when the market value increased by X consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Confectionery Production in South Africa

In value terms, confectionery production expanded remarkably to $X in 2021 estimated in export price.The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years.The pace of growth appeared the most rapid in 2019 with an increase of X a result, production attained the peak level of $X. from 2020 to 2021, production growth remained at a lower figure.

Confectionery Exports

Exports from South Africa

In 2021, approx. X tons of confectionery were exported from south africa; shrinking by -X% against the year before.Overall, exports saw a abrupt descent.The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year.Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, confectionery exports dropped remarkably to $X in 2021.In general, exports recorded a pronounced reduction.The pace of growth was the most pronounced in 2017 when exports increased by X the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Israel (X tons), Mauritius (X tons) and Kenya (X tons) were the main destinations of confectionery exports from South Africa, together comprising X% of total exports. These countries were followed by Australia, Tanzania, the United States, Hong Kong SAR and Taiwan (Chinese), which together accounted for a further X 2012 to 2021, the biggest increases were in Taiwan (Chinese) (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for confectionery exported from South Africa were Israel ($X), Mauritius ($X) and Kenya ($X), with a combined X% share of total exports. These countries were followed by Australia, Hong Kong SAR, the United States, Tanzania and Taiwan (Chinese), which together accounted for a further X (chinese), with a cagr of +X%, saw the highest growth rate of 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

In 2021, the average confectionery export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price showed a mild increase. The pace of growth was the most pronounced in 2017 an increase of X%. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Confectionery Imports

Imports into South Africa

In 2021, supplies from abroad of confectionery decreased by -X% to X tons, falling for the third consecutive year after two years of growth.In general, imports saw a relatively flat trend pattern.The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year.Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, confectionery imports reduced to $X in 2021.Over the period under review, imports showed a slight downturn.The pace of growth was the most pronounced in 2017 with an increase of X peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest confectionery supplier to South Africa, with a X% share of total imports. Moreover, confectionery imports from Turkey exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. Belgium (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Belgium (+X% per year).

In value terms, the largest confectionery suppliers to South Africa were Turkey ($X), the Netherlands ($X) and Italy ($X), with a combined X% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average confectionery import price stood at $X per ton in 2021, with an increase of X% against the previous year. In general, the import price, however, recorded a mild reduction. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. from 2015 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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