Africa: Chestnut Market 2024

Chestnut Market Size in Africa

In 2022, the African chestnut market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Chestnut Production in Africa

In value terms, chestnut production amounted to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

The countries with the highest volumes of production in 2022 were Cameroon (X tons), Algeria (X tons) and Zimbabwe (X tons), with a combined X% share of total production. Uganda, Tanzania, Tunisia and South Africa lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Tanzania (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average chestnut yield in Africa expanded sharply to X tons per ha, growing by X% on the previous year. In general, the yield, however, showed a slight shrinkage. Over the period under review, the chestnut yield hit record highs at X tons per ha in 2012; however, from 2013 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The chestnut harvested area totaled X ha in 2022, leveling off at the previous year. Over the period under review, the harvested area saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2014; however, from 2015 to 2022, the harvested area remained at a lower figure.

Chestnut Exports

Exports in Africa

In 2022, the amount of chestnuts exported in Africa declined notably to X tons, which is down by X% compared with 2021 figures. In general, exports saw a significant curtailment. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, chestnut exports fell notably to $X in 2022. Overall, exports faced a sharp slump. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Algeria (X tons) was the main exporter of chestnuts in Africa, constituting X% of total export.

Algeria was also the fastest-growing in terms of the chestnuts exports, with a CAGR of X% from 2012 to 2022. Algeria (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Algeria ($X) also remains the largest chestnut supplier in Africa.

From 2012 to 2022, the average annual rate of growth in terms of value in Algeria totaled X%.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, dropping by X% against the previous year. Overall, the export price saw a mild downturn. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Algeria.

From 2012 to 2022, the rate of growth in terms of prices for Algeria amounted to X% per year.

Chestnut Imports

Imports in Africa

In 2022, overseas purchases of chestnuts were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a noticeable downturn. The pace of growth appeared the most rapid in 2019 with an increase of X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, chestnut imports soared to $X in 2022. Overall, imports, however, saw a slight reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Libya (X tons), Morocco (X tons) and Egypt (X tons) represented the main importer of chestnuts in Africa, comprising X% of total import. It was distantly followed by Tunisia (X tons), making up a X% share of total imports. Algeria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Algeria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), Libya ($X) and Morocco ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Tunisia and Algeria lagged somewhat behind, together comprising a further X%.

Algeria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 Africa amounted to $X per ton, 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 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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