SADC: Peanut Butter Market 2024

Peanut Butter Market Size in SADC

The SADC peanut butter market declined to $X in 2022, dropping by X% against the previous year. Overall, consumption continues to indicate prominent growth. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Peanut Butter Production in SADC

In value terms, peanut butter production expanded remarkably to $X in 2022 estimated in export price. In general, production saw a resilient increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Peanut Butter Exports

Exports in SADC

In 2022, shipments abroad of peanut butter and prepared or preserved groundnuts decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, peanut butter exports dropped remarkably to $X in 2022. Overall, exports, however, continue to indicate slight growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa represented the key exporter of peanut butter and prepared or preserved groundnuts in SADC, with the volume of exports recording X tons, which was near X% of total exports in 2022. It was distantly followed by Tanzania (X tons), creating an X% share of total exports.

South Africa was also the fastest-growing in terms of the peanut butter and prepared or preserved groundnuts exports, with a CAGR of X% from 2012 to 2022. Tanzania (X%) illustrated a downward trend over the same period. South Africa (X p.p.) significantly strengthened its position in terms of the total exports, while Tanzania saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, South Africa ($X) remains the largest peanut butter supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Tanzania ($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 stood at X%.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Tanzania amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Peanut Butter Imports

Imports in SADC

In 2022, approx. X tons of peanut butter and prepared or preserved groundnuts were imported in SADC; with an increase of X% compared with the year before. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, peanut butter imports rose to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

South Africa was the largest importing country with an import of around X tons, which reached X% of total imports. Botswana (X tons) ranks second in terms of the total imports with a X% share, followed by Namibia (X%), Swaziland (X%), Lesotho (X%) and Madagascar (X%). Mauritius (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to peanut butter imports into South Africa stood at X%. At the same time, Madagascar (X%), Botswana (X%), Lesotho (X%) and Mauritius (X%) displayed positive paces of growth. Moreover, Madagascar emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. Namibia and Swaziland experienced a relatively flat trend pattern. From 2012 to 2022, the share of Botswana, Madagascar, Lesotho and Mauritius increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported peanut butter and prepared or preserved groundnuts in SADC, comprising X% of total imports. The second position in the ranking was taken by Botswana ($X), with an X% share of total imports. It was followed by Namibia, with a X% share.

In South Africa, peanut butter imports contracted by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Botswana (X% per year) and Namibia (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, almost unchanged from the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

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

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

Source: IndexBox Platform