SADC: Groundnuts Market 2024

Groundnuts Market Size in SADC

The SADC groundnuts market contracted slightly to $X in 2022, shrinking by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Groundnuts Production in SADC

In value terms, groundnuts production fell to $X in 2022 estimated in export price. Overall, production saw a perceptible decrease. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

The countries with the highest volumes of production in 2022 were Tanzania (X tons), Democratic Republic of the Congo (X tons) and Malawi (X tons), together accounting for X% of total production. Angola, Zambia, Mozambique and Zimbabwe lagged somewhat behind, together comprising 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 groundnuts yield reduced to X kg per ha in 2022, remaining constant against 2021 figures. Over the period under review, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X kg per ha. From 2014 to 2022, the growth of the groundnuts 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.

In 2022, the total area harvested in terms of ground-nut (in-shell) production in SADC contracted to X ha, declining by X% compared with 2021. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the harvested area attained the peak level of X ha. From 2015 to 2022, the growth of the groundnuts harvested area failed to regain momentum.

Groundnuts Exports

Exports in SADC

Groundnuts exports rose notably to X tons in 2022, surging by X% against the previous year's figure. In general, exports, however, saw a abrupt descent. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, groundnuts exports soared to $X in 2022. Overall, exports, however, showed a abrupt descent. The growth pace was the most rapid in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Mozambique (X tons) represented the largest exporter of ground-nut (in-shell), mixing up X% of total exports. Madagascar (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Malawi (X%) and South Africa (X%). The following exporters - Namibia (X tons) and Zambia (X tons) - together made up X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Mozambique (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest groundnuts supplying countries in SADC were Mozambique ($X), Malawi ($X) and South Africa ($X), together comprising X% of total exports. Madagascar, Zambia and Namibia lagged somewhat behind, together comprising a further X%.

Zambia, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, surging by X% against the previous year. Export price indicated a perceptible increase from 2012 to 2022: its price 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, groundnuts export price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

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

Groundnuts Imports

Imports in SADC

After two years of growth, purchases abroad of ground-nut (in-shell) decreased by X% to X tons in 2022. Overall, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, groundnuts imports dropped significantly to $X in 2022. Over the period under review, imports recorded a deep reduction. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Africa (X tons), Comoros (X tons) and Angola (X tons) represented the key importer of ground-nut (in-shell) in SADC, generating X% of total import. Malawi (X tons) took the next position in the ranking, followed by Mauritius (X tons). All these countries together took approx. X% share of total imports. Swaziland (X tons) took a little share of total imports.

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

In value terms, the largest groundnuts importing markets in SADC were Mauritius ($X), South Africa ($X) and Comoros ($X), together comprising X% of total imports. Malawi, Angola and Swaziland lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Malawi, with a CAGR of X%, recorded 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, surging by X% against the previous year. Overall, the import price, however, saw a perceptible descent. The pace of growth was the most pronounced in 2019 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 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mauritius ($X per ton), while Angola ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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