SADC: Cereal Market 2024

Cereal Market Size in SADC

In 2022, after two years of growth, there was decline in the SADC cereal market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The level of consumption peaked at $X in 2021, and then contracted in the following year.

Cereal Production in SADC

In value terms, cereal production surged to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were South Africa (X tons), Tanzania (X tons) and Madagascar (X tons), with a combined X% share of total production. Malawi, Zambia, Democratic Republic of the Congo and Angola lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Angola (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average cereal yield contracted to X tons per ha in 2022, with a decrease of X% on 2021 figures. Overall, the yield, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2021, and then dropped in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cereals production in SADC fell modestly to X ha, therefore, remained relatively stable against the previous year's figure. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to cereal production reached the peak figure at X ha in 2021, and then declined in the following year.

Cereal Exports

Exports in SADC

In 2022, shipments abroad of cereals increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, exports enjoyed a notable expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The volume of export peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, cereal exports surged to $X in 2022. Over the period under review, exports showed a temperate expansion. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

South Africa represented the largest exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by Tanzania (X tons) and Zambia (X tons), together achieving a X% share of total exports.

South Africa was also the fastest-growing in terms of the cereals exports, with a CAGR of X% from 2012 to 2022. At the same time, Tanzania (X%) displayed positive paces of growth. By contrast, Zambia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa and Tanzania increased by X and X percentage points, respectively.

In value terms, South Africa ($X) remains the largest cereal supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Zambia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa totaled X%. In the other countries, the average annual rates were as follows: Zambia (X% per year) and Tanzania (X% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced mixed trends in the export price figures.

Cereal Imports

Imports in SADC

In 2022, purchases abroad of cereals decreased by X% to X tons, falling for the second consecutive year after two years of growth. Total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of X%. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, cereal imports surged to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, South Africa (X tons), distantly followed by Tanzania (X tons), Angola (X tons), Mozambique (X tons), Democratic Republic of the Congo (X tons), Botswana (X tons) and Zimbabwe (X tons) represented the largest importers of cereals, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Angola ($X) and Tanzania ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Mozambique, Democratic Republic of the Congo, Botswana and Zimbabwe lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Democratic Republic of the Congo, 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 2022, the import price in SADC amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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