SADC: Market for Butter And Dairy Spreads 2024

Market Size for Butter And Dairy Spreads in SADC

In 2023, the SADC butter and dairy spreads market decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption showed a abrupt decrease. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Production of Butter And Dairy Spreads in SADC

In value terms, butter and dairy spreads production declined to $X in 2023 estimated in export price. Overall, production, however, recorded a deep slump. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Tanzania (X tons) remains the largest butter and dairy spreads producing country in SADC, comprising approx. X% of total volume. Moreover, butter and dairy spreads production in Tanzania exceeded the figures recorded by the second-largest producer, South Africa (X tons), twofold. Zimbabwe (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2023, the average annual growth rate of volume in Tanzania amounted to X%. The remaining producing countries recorded the following average annual rates of production growth: South Africa (X% per year) and Zimbabwe (X% per year).

Exports of Butter And Dairy Spreads

Exports in SADC

For the third year in a row, SADC recorded growth in shipments abroad of butter and dairy spreads, which increased by X% to X tons in 2023. In general, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2023, the growth of the exports failed to regain momentum.

In value terms, butter and dairy spreads exports stood at $X in 2023. Overall, exports, however, saw a mild curtailment. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

South Africa prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2023. The following exporters - Angola (X tons) and Namibia (X tons) - each recorded a X% share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2023. At the same time, Angola (X%) and Namibia (X%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Angola and Namibia increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest butter and dairy spreads supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Namibia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in South Africa totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Namibia (X% per year) and Angola (X% per year).

Export Prices by Country

In 2023, the export price in SADC amounted to $X per ton, dropping by X% against the previous year. Export price indicated a tangible expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, butter and dairy spreads export price decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2023, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Angola ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Butter And Dairy Spreads

Imports in SADC

In 2023, approx. X tons of butter and dairy spreads were imported in SADC; reducing by X% against the previous year's figure. In general, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports reached the peak of X tons. From 2021 to 2023, the growth of imports failed to regain momentum.

In value terms, butter and dairy spreads imports shrank notably to $X in 2023. Overall, imports recorded a perceptible slump. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, South Africa (X tons), distantly followed by Mauritius (X tons), Namibia (X tons), Angola (X tons), Democratic Republic of the Congo (X tons), Tanzania (X tons) and Mozambique (X tons) represented the key importers of butter and dairy spreads, together mixing up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Tanzania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Mauritius ($X) and Democratic Republic of the Congo ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports. Namibia, Angola, Mozambique and Tanzania lagged somewhat behind, together comprising a further X%.

Mozambique, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in SADC amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 an increase of X%. The level of import peaked in 2023 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mauritius ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mozambique (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform