South Africa: Dairy Produce Market 2024

Dairy Produce Market Size in South Africa

The South African dairy produce market expanded sharply to $X in 2023, rising by X% against the previous year. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2023: its value 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, consumption decreased by X% against 2021 indices. As a result, consumption attained the peak level of $X. From 2018 to 2023, the growth of the market remained at a somewhat lower figure.

Dairy Produce Production in South Africa

In value terms, dairy produce production reached $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2023, production growth remained at a somewhat lower figure.

Dairy Produce Exports

Exports from South Africa

In 2023, approx. X tons of dairy produce were exported from South Africa; leveling off at the previous year. Over the period under review, exports saw a pronounced decrease. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, dairy produce exports contracted slightly to $X in 2023. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Botswana (X tons) was the main destination for dairy produce exports from South Africa, with a X% share of total exports. Moreover, dairy produce exports to Botswana exceeded the volume sent to the second major destination, Mozambique (X tons), twofold. The third position in this ranking was held by Namibia (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Botswana stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (X% per year) and Namibia (X% per year).

In value terms, the largest markets for dairy produce exported from South Africa were Botswana ($X), Mozambique ($X) and Namibia ($X), together comprising X% of total exports. Zambia, Swaziland, Lesotho, Zimbabwe and Angola lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Zambia, with a CAGR of X%, recorded 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 dairy produce export price stood at $X per ton in 2023, leveling off at the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2017 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2023, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Zimbabwe ($X per ton), while the average price for exports to Botswana ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe (X%), while the prices for the other major destinations experienced mixed trend patterns.

Dairy Produce Imports

Imports into South Africa

Dairy produce imports into South Africa rose rapidly to X tons in 2023, increasing by X% compared with the previous year. Overall, imports, however, showed a noticeable downturn. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, dairy produce imports reduced to $X in 2023. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

France (X tons), Poland (X tons) and New Zealand (X tons) were the main suppliers of dairy produce imports to South Africa, together accounting for X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of dairy produce to South Africa, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2023, the average annual growth rate of value from France stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and the UK (X% per year).

Import Prices by Country

In 2023, the average dairy produce import price amounted to $X per ton, waning by X% against the previous year. Overall, import price indicated a noticeable increase 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, dairy produce import price increased by X% against 2015 indices. The growth pace was the most rapid in 2022 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then fell sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform