South Africa: Sugar Market 2024

Sugar Market Size in South Africa

In 2022, the South African sugar market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption saw a noticeable contraction. Sugar consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Sugar Production in South Africa

In value terms, sugar production totaled $X in 2022 estimated in export price. In general, production continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. Sugar production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of sugar in South Africa was estimated at less than X kg per ha, approximately equating the year before. Over the period under review, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The sugar harvested area in South Africa stood at less than X ha in 2022, leveling off at 2021. Overall, the harvested area saw a relatively flat trend pattern.

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Sugar Exports

Exports from South Africa

In 2022, shipments abroad of sugar was finally on the rise to reach X tons after two years of decline. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, sugar exports soared to $X in 2022. Overall, exports saw a moderate increase. The pace of growth was the most pronounced in 2017 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), Croatia (X tons) and Bulgaria (X tons) were the main destinations of sugar exports from South Africa, together accounting for X% of total exports. Portugal, the UK, Romania, Spain, the United States and Namibia lagged somewhat behind, together comprising a further X%.

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

In value terms, Croatia ($X), Malaysia ($X) and the United States ($X) appeared to be the largest markets for sugar exported from South Africa worldwide, with a combined X% share of total exports. Bulgaria, the UK, Portugal, Spain, Romania and Namibia lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Spain, with a CAGR of X%, saw the highest growth rate of 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 sugar export price stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the export price, however, continues to indicate a slight contraction. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

Sugar Imports

Imports into South Africa

In 2022, purchases abroad of sugar decreased by X% to X tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, sugar imports reduced remarkably to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Swaziland (X tons) was the main supplier of sugar to South Africa, with a X% share of total imports. It was followed by Zambia (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Swaziland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Zambia (X% per year) and Brazil (X% per year).

In value terms, Swaziland ($X) constituted the largest supplier of sugar to South Africa, comprising X% of total imports. The second position in the ranking was taken by Zambia ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the average sugar import price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price showed a slight curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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