South Africa: Tapioca And Substitutes Market 2024

Tapioca And Substitutes Market Size in South Africa

In 2022, the South African tapioca and substitutes market decreased by X% to $X, falling for the second year in a row after two years of growth. Overall, consumption continues to indicate a dramatic downturn. Tapioca and substitutes consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Tapioca And Substitutes Exports

Exports from South Africa

After two years of growth, shipments abroad of tapioca and substitutes decreased by X% to X tons in 2022. In general, exports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, tapioca and substitutes exports reduced dramatically to $X in 2022. Overall, exports showed a pronounced slump. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Namibia (X tons), Zimbabwe (X tons) and Zambia (X tons) were the main destinations of tapioca and substitutes exports from South Africa, together comprising X% of total exports. Botswana, Angola and Malawi lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for tapioca and substitutes exported from South Africa were Namibia ($X), Zambia ($X) and Zimbabwe ($X), with a combined X% share of total exports. Botswana, Angola and Malawi lagged somewhat behind, together comprising a further X%.

Angola, with a CAGR of X%, saw 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 tapioca and substitutes export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

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

Tapioca And Substitutes Imports

Imports into South Africa

In 2022, purchases abroad of tapioca and substitutes decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a deep setback. The growth pace was the most rapid in 2015 when imports increased by X%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, tapioca and substitutes imports declined markedly to $X in 2022. Overall, imports saw a deep slump. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest tapioca and substitutes supplier to South Africa, with a X% share of total imports. Moreover, tapioca and substitutes imports from Thailand exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold. India (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Thailand ($X) constituted the largest supplier of tapioca and substitutes to South Africa, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Denmark, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Denmark (X% per year).

Import Prices by Country

The average tapioca and substitutes import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tapioca and substitutes import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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