South Africa: Nuts Market 2024

Nuts Market Size in South Africa

The South African nuts market surged to $X in 2022, rising by X% against the previous year. Over the period under review, consumption showed a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Nuts Production in South Africa

In value terms, nuts production amounted to $X in 2022 estimated in export price. Overall, production enjoyed a strong expansion. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Nuts production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The average yield of nuts in South Africa skyrocketed to X tons per ha in 2022, jumping by X% on the year before. Over the period under review, the yield, however, recorded a perceptible reduction. Over the period under review, the average nuts yield reached the maximum level at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The nuts harvested area in South Africa shrank to X ha in 2022, dropping by X% compared with the year before. Over the period under review, the total harvested area indicated a buoyant increase from 2012 to 2022: its figure 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, nuts harvested area increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. The nuts harvested area peaked at X ha in 2021, and then fell in the following year.

Nuts Exports

Exports from South Africa

Nuts exports from South Africa plummeted to X tons in 2022, falling by X% compared with the year before. In general, total exports indicated a perceptible expansion from 2012 to 2022: its volume 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, exports decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, nuts exports declined significantly to $X in 2022. Over the period under review, exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for nuts exports from South Africa, accounting for a X% share of total exports. Moreover, nuts exports to China exceeded the volume sent to the second major destination, the United States (X tons), fivefold. Vietnam (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Vietnam (X% per year).

In value terms, China ($X), the United States ($X) and Germany ($X) constituted the largest markets for nuts exported from South Africa worldwide, with a combined X% share of total exports.

Among the main countries of destination, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average nuts export price amounted to $X per ton, which is down by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2015 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (X%), while the prices for the other major destinations experienced more modest paces of growth.

Nuts Imports

Imports into South Africa

In 2022, purchases abroad of nuts increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports continue to indicate a strong expansion. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, nuts imports rose rapidly to $X in 2022. Over the period under review, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Mozambique (X tons), Zimbabwe (X tons) and Zambia (X tons) were the main suppliers of nuts imports to South Africa, together accounting for X% of total imports.

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

In value terms, Mozambique ($X) constituted the largest supplier of nuts to South Africa, comprising X% of total imports. The second position in the ranking was taken by Malawi ($X), with a X% share of total imports. It was followed by Zimbabwe, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mozambique stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malawi (X% per year) and Zimbabwe (X% per year).

Import Prices by Country

The average nuts import price stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price recorded a pronounced contraction. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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