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South Africa - Rennet And Concentrates Thereof - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRennet Price in South Africa - 2023
Contents:
- Rennet Price in South Africa (CIF) - 2022
- Rennet Price in South Africa (FOB) - 2022
- Rennet Imports in South Africa
- Rennet Exports in South Africa
Rennet Price in South Africa (CIF) - 2022
The average rennet import price stood at $33,317 per ton in 2022, surging by 30% against the previous year. Overall, the import price saw a buoyant increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 87%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($88,667 per ton), while the price for China ($9,814 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+25.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Rennet Price in South Africa (FOB) - 2022
The average rennet export price stood at $11,243 per ton in 2022, jumping by 120% against the previous year. Over the period under review, the export price, however, recorded a noticeable setback. The pace of growth appeared the most rapid in 2020 an increase of 120%. Over the period under review, the average export prices reached the peak figure at $16,388 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Zimbabwe ($10,164 per ton), while the average price for exports to Mozambique ($2,582 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 Ghana (+114.0%), while the prices for the other major destinations experienced more modest paces of growth.
Rennet Imports in South Africa
In 2022, after two years of decline, there was significant growth in purchases abroad of rennet and concentrates thereof, when their volume increased by 53% to 14 tons. Overall, imports, however, continue to indicate a significant curtailment.
In value terms, rennet imports soared to $457K in 2022. Over the period under review, imports, however, recorded a pronounced decrease.
Import of Rennet in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Denmark | 206 | 322 | 148 | 336 | 17.7% |
Switzerland | 21.9 | 61.9 | 20.1 | 76.9 | 52.0% |
China | 0.1 | 0.2 | 58.0 | 36.3 | 613.3% |
Ireland | 260 | N/A | N/A | N/A | 0% |
Others | 28.3 | 9.1 | 1.7 | 7.5 | -35.8% |
Total | 517 | 394 | 228 | 457 | -4.0% |
Top Suppliers of Rennet to South Africa in 2022:
- Switzerland (6.0 tons)
- Denmark (3.8 tons)
- China (3.7 tons)
Rennet Exports in South Africa
In 2022, approx. 40 tons of rennet and concentrates thereof were exported from South Africa; with an increase of 146% against the previous year's figure. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 816%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, rennet exports surged to $448K in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,915% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
Export of Rennet in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | N/A | N/A | N/A | 102 | 0% |
Lesotho | 6.2 | 2.5 | 36.4 | 72.6 | 127.1% |
Zambia | 8.5 | 295 | 22.0 | N/A | 60.9% |
Others | 0.8 | 14.2 | 24.5 | 274 | 599.7% |
Total | 15.5 | 312 | 82.9 | 448 | 206.9% |
Top Export Markets for Rennet from South Africa in 2022:
- Lesotho (22.3 tons)
- United Kingdom (16.6 tons)
This report provides an in-depth analysis of the rennet market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20146450 - Rennet and concentrates thereof
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the rennet market in South Africa.
This report provides an in-depth analysis of the global rennet market.
This report provides an in-depth analysis of the rennet market in South Africa.
This report provides an in-depth analysis of the global rennet market.
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