SADC: Glucose Market 2024

Glucose Market Size in SADC

The SADC glucose market reduced to $X in 2023, which is down by X% against the previous year. Over the period under review, consumption saw a pronounced reduction. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Glucose Production in SADC

In value terms, glucose production contracted slightly to $X in 2023 estimated in export price. In general, production continues to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

Glucose Exports

Exports in SADC

In 2023, after two years of growth, there was significant decline in overseas shipments of glucose and glucose syrup, when their volume decreased by X% to X tons. Overall, exports, however, enjoyed strong growth. The growth pace was the most rapid in 2019 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2020 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, glucose exports contracted to $X in 2023. Over the period under review, exports, however, posted a noticeable expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2022, and then shrank in the following year.

Exports by Country

South Africa dominates exports structure, reaching X tons, which was approx. X% of total exports in 2023. Swaziland (X tons) held a relatively small share of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2023. At the same time, Swaziland (X%) displayed positive paces of growth. Moreover, Swaziland emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Swaziland increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In South Africa, glucose exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in SADC amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price saw a mild downturn. The growth pace was the most rapid in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Swaziland ($X per ton), while South Africa amounted to $X per ton.

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

Glucose Imports

Imports in SADC

In 2023, after three years of growth, there was decline in overseas purchases of glucose and glucose syrup, when their volume decreased by X% to X tons. Total imports indicated a noticeable increase from 2012 to 2023: its volume 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. The growth pace was the most rapid in 2014 with an increase of X%. The volume of import peaked at X tons in 2022, and then shrank in the following year.

In value terms, glucose imports fell notably to $X in 2023. Total imports indicated a perceptible 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 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2022, and then contracted significantly in the following year.

Imports by Country

In 2023, Swaziland (X tons) and South Africa (X tons) were the main importers of glucose and glucose syrup in SADC, together recording approx. X% of total imports. Zambia (X tons) ranks next in terms of the total imports with a X% share, followed by Tanzania (X%), Mozambique (X%) and Botswana (X%). Zimbabwe (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Swaziland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glucose importing markets in SADC were South Africa ($X), Zambia ($X) and Swaziland ($X), together accounting for X% of total imports.

Among the main importing countries, Swaziland, with a CAGR of X%, saw the highest rates of growth with regard to 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 import price in SADC amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, and then declined in the following year.

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

From 2012 to 2023, 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