SADC: Fructose Market 2024

Fructose Market Size in SADC

The SADC fructose market amounted to $X in 2023, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2017 to 2023, the growth of the market remained at a somewhat lower figure.

Fructose Production in SADC

In value terms, fructose production stood at $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 indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2023, production growth remained at a lower figure.

Fructose Exports

Exports in SADC

In 2023, after four years of growth, there was significant decline in shipments abroad of fructose and fructose syrup, when their volume decreased by X% to X tons. Overall, exports, however, showed strong growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. The volume of export peaked at X tons in 2022, and then shrank in the following year.

In value terms, fructose exports expanded modestly to $X in 2023. Total exports indicated a measured expansion from 2012 to 2023: its value 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, exports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

Swaziland prevails in exports structure, resulting at X tons, which was near X% of total exports in 2023. It was distantly followed by South Africa (X tons), making up a X% share of total exports.

Swaziland was also the fastest-growing in terms of the fructose and fructose syrup exports, with a CAGR of X% from 2012 to 2023. South Africa (X%) illustrated a downward trend over the same period. While the share of Swaziland (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of South Africa (X p.p.) displayed negative dynamics.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Swaziland amounted to X%.

Export Prices by Country

In 2023, the export price in SADC amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, saw a deep contraction. The pace of growth appeared the most rapid in 2014 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

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 Swaziland stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Fructose Imports

Imports in SADC

For the fifth consecutive year, SADC recorded growth in purchases abroad of fructose and fructose syrup, which increased by X% to X tons in 2023. In general, imports saw a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, imports attained the maximum in 2023 and are likely to see steady growth in the immediate term.

In value terms, fructose imports amounted to $X in 2023. Total imports indicated a temperate increase 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, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are expected to retain growth in the near future.

Imports by Country

South Africa prevails in imports structure, reaching X tons, which was near X% of total imports in 2023. Angola (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to fructose imports into South Africa stood at X%. At the same time, Angola (X%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. While the share of South Africa (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported fructose and fructose syrup in SADC, comprising X% of total imports. The second position in the ranking was taken by Angola ($X), with a X% share of total imports.

In South Africa, fructose imports expanded at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

In 2023, the import price in SADC amounted to $X per ton, reducing by X% against the previous year. Overall, the import price saw a abrupt decline. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Angola ($X per ton), while South Africa totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Angola (X%).

Source: IndexBox Platform