South Africa: Market for Buttermilk And Buttermilk Powder 2024

Market Size for Buttermilk And Buttermilk Powder in South Africa

The South African buttermilk and buttermilk powder market expanded notably to $X in 2023, growing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible slump. As a result, consumption attained the peak level of $X. From 2014 to 2023, the growth of the market remained at a lower figure.

Production of Buttermilk And Buttermilk Powder in South Africa

In value terms, buttermilk and buttermilk powder production reached $X in 2023 estimated in export price. Overall, production saw a mild contraction. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2023, production growth remained at a somewhat lower figure.

Exports of Buttermilk And Buttermilk Powder

Exports from South Africa

In 2023, shipments abroad of buttermilk and buttermilk powder decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Overall, exports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then declined sharply in the following year.

In value terms, buttermilk and buttermilk powder exports reduced to $X in 2023. In general, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

Mozambique (X tons) was the main destination for buttermilk and buttermilk powder exports from South Africa, accounting for a X% share of total exports. Moreover, buttermilk and buttermilk powder exports to Mozambique exceeded the volume sent to the second major destination, Botswana (X tons), twofold. Lesotho (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, Mozambique ($X) remains the key foreign market for buttermilk and buttermilk powder exports from South Africa, comprising X% of total exports. The second position in the ranking was held by Botswana ($X), with a X% share of total exports. It was followed by Namibia, with a X% share.

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

Export Prices by Country

The average buttermilk and buttermilk powder export price stood at $X per ton in 2023, rising by X% against the previous year. In general, export price indicated a measured expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, buttermilk and buttermilk powder export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2023, 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 ($X per ton), while the average price for exports to Swaziland ($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 Botswana (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Buttermilk And Buttermilk Powder

Imports into South Africa

In 2023, imports of buttermilk and buttermilk powder into South Africa skyrocketed to X tons, growing by X% compared with 2022. Overall, imports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; afterwards, it flattened through to 2023.

In value terms, buttermilk and buttermilk powder imports fell sharply to $X in 2023. Over the period under review, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at $X in 2022, and then shrank sharply in the following year.

Imports by Country

In 2023, France (X tons) constituted the largest buttermilk and buttermilk powder supplier to South Africa, accounting for a X% share of total imports. Moreover, buttermilk and buttermilk powder imports from France exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was taken by Denmark (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from France totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Denmark (X% per year).

In value terms, the largest buttermilk and buttermilk powder suppliers to South Africa were France ($X), the Netherlands ($X) and Denmark ($X), with a combined X% share of total imports.

Among the main suppliers, Denmark, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average buttermilk and buttermilk powder import price amounted to $X per ton, waning by X% against the previous year. Overall, the import price showed a mild curtailment. The pace of growth appeared the most rapid in 2022 when the average import price increased by X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform