![South Africa - Vegetable Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights](/landing/img/reports/south-africa-vegetable-fats-and-oils-market-analysis-forecast-size-trends-and-insights.webp)
South Africa - Vegetable Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingVegetable Oils Price in South Africa - 2023
Contents:
- Vegetable Oils Price in South Africa (FOB) - 2023
- Vegetable Oils Price in South Africa (CIF) - 2023
- Vegetable Oils Exports in South Africa
- Vegetable Oils Imports in South Africa
Vegetable Oils Price in South Africa (FOB) - 2023
In June 2023, the average vegetable oils export price amounted to $1,246 per ton, waning by -9.3% against the previous month. Overall, the export price continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in May 2023 when the average export price increased by 14% against the previous month. The export price peaked at $1,900 per ton in July 2022; however, from August 2022 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Spain ($4,147 per ton), while the average price for exports to Mozambique ($407 per ton) was amongst the lowest.
From July 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+0.6%), while the prices for the other major destinations experienced mixed trend patterns.
Vegetable Oils Price in South Africa (CIF) - 2023
The average vegetable oils import price stood at $2,207 per ton in June 2023, picking up by 17% against the previous month. Overall, the import price, however, saw a slight descent. The growth pace was the most rapid in March 2023 when the average import price increased by 29% m-o-m. The import price peaked at $2,715 per ton in August 2022; however, from September 2022 to June 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the countries with the highest prices were Indonesia ($2,504 per ton) and India ($2,090 per ton), while the price for Malaysia ($1,686 per ton) and Singapore ($1,703 per ton) were amongst the lowest.
From July 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+6.1%), while the prices for the other major suppliers experienced a decline.
Vegetable Oils Exports in South Africa
In 2022, approx. 19K tons of vegetable fats and oils were exported from South Africa; jumping by 25% compared with 2021. In general, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 49%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, vegetable oils exports skyrocketed to $30M in 2022. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 116%. The exports peaked in 2022 and are expected to retain growth in years to come.
Export of Vegetable Oils in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Zambia | 5.3 | 5.1 | 10.2 | 14.3 | 39.2% |
Zimbabwe | 2.0 | 1.8 | 5.5 | 7.0 | 51.8% |
France | 2.0 | 1.7 | 2.8 | 2.3 | 4.8% |
Democratic Republic of the Congo | 0.2 | N/A | 1.1 | 2.3 | 125.7% |
Lesotho | 0.1 | 1.5 | 2.5 | 1.4 | 141.0% |
Mozambique | N/A | 0.2 | 0.6 | 0.8 | 100.0% |
Botswana | 0.3 | 0.4 | 0.5 | 0.6 | 26.0% |
Swaziland | 0.3 | 0.3 | 0.3 | 0.4 | 10.1% |
Others | 0.5 | 0.4 | 1.0 | 1.5 | 44.2% |
Total | 10.8 | 11.3 | 24.5 | 30.4 | 41.2% |
Top Export Markets for Vegetable Oils from South Africa in 2022:
- Zambia (9.5K tons)
- Zimbabwe (4.0K tons)
- Democratic Republic of the Congo (1.4K tons)
- Mozambique (1.2K tons)
- Lesotho (1.1K tons)
- Botswana (0.4K tons)
- France (0.3K tons)
- Swaziland (0.2K tons)
Vegetable Oils Imports in South Africa
Vegetable oils imports into South Africa fell notably to 7.5K tons in 2022, declining by -19% against 2021. Over the period under review, imports showed a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 2.4% against the previous year.
In value terms, vegetable oils imports expanded remarkably to $18M in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 18%. Imports peaked in 2022 and are likely to continue growth in the near future.
Import of Vegetable Oils in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 8.5 | 7.0 | 6.7 | 8.5 | 0.0% |
Indonesia | 3.8 | 3.3 | 4.9 | 5.5 | 13.1% |
India | 2.0 | 1.3 | 3.1 | 2.5 | 7.7% |
Singapore | 1.0 | 1.6 | 0.6 | 0.5 | -20.6% |
Others | 1.2 | 0.7 | 1.2 | 1.2 | 0.0% |
Total | 16.4 | 13.9 | 16.4 | 18.3 | 3.7% |
Top Suppliers of Vegetable Oils to South Africa in 2022:
- Malaysia (3.7K tons)
- Indonesia (2.3K tons)
- India (1.0K tons)
- Singapore (0.2K tons)
This report provides an in-depth analysis of the vegetable oils 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 10416050 - Vegetable fats and oils and their fractions partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, but not further prepared (including refined)
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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
-
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
-
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
-
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
-
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 vegetable oils market in South Africa.
This report provides an in-depth analysis of the animal fats market in South Africa.
This report provides an in-depth analysis of the global vegetable oils market.
This report provides an in-depth analysis of the global animal fats market.
This report provides an in-depth analysis of the vegetable oils market in South Africa.
This report provides an in-depth analysis of the animal fats market in South Africa.
This report provides an in-depth analysis of the global vegetable oils market.
This report provides an in-depth analysis of the global animal fats market.
This article provides key statistics and insights into the best import markets for vegetable oils. China leads the way, followed by Germany, Malaysia, the United States, Poland, Denmark, France, Thailand, Belgium, and the Netherlands. The global market for vegetable oils continues to expand due to factors such as increasing health consciousness and the versatility of these oils in culinary applications.
This article provides key statistics and insights into the best import markets for vegetable oils. China leads the way, followed by Germany, Malaysia, the United States, Poland, Denmark, France, Thailand, Belgium, and the Netherlands. The global market for vegetable oils continues to expand due to factors such as increasing health consciousness and the versatility of these oils in culinary applications.