South Africa - Walnuts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWalnut Price in South Africa - 2023
Contents:
- Walnut Price in South Africa (FOB) - 2022
- Walnut Price in South Africa (CIF) - 2022
- Walnut Exports in South Africa
- Walnut Imports in South Africa
Walnut Price in South Africa (FOB) - 2022
In 2022, the average walnut export price amounted to $4,993 per ton, jumping by 118% against the previous year. Over the period under review, the export price continues to indicate a temperate increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Botswana ($8,768 per ton), while the average price for exports to China amounted to $4,870 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+31.6%), while the prices for the other major destinations experienced more modest paces of growth.
Walnut Price in South Africa (CIF) - 2022
The average walnut import price stood at $3,067 per ton in 2022, with a decrease of -49.4% against the previous year. In general, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2017 an increase of 35%. Over the period under review, average import prices attained the maximum at $9,350 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Chile amounted to +51.2% per year.
Walnut Exports in South Africa
In 2022, approx. 26 tons of walnuts were exported from South Africa; waning by -94.8% compared with the previous year's figure. Overall, exports faced a dramatic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 166%. As a result, the exports reached the peak of 498 tons, and then reduced dramatically in the following year.
In value terms, walnut exports dropped significantly to $130K in 2022. In general, exports continue to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 172%. As a result, the exports attained the peak of $1.1M, and then fell notably in the following year.
Export of Walnut in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 104 | N/A | 167 | 122 | 5.5% |
Botswana | 3.6 | 3.1 | 4.6 | 5.4 | 14.5% |
Hong Kong SAR | N/A | 45.8 | N/A | N/A | 0% |
Spain | 76.7 | 169 | 134 | N/A | 32.2% |
France | N/A | 60.2 | 35.7 | N/A | -40.7% |
United Arab Emirates | 105 | 17.6 | 670 | N/A | 152.6% |
Algeria | N/A | 54.3 | N/A | N/A | 0% |
Italy | 71.9 | N/A | N/A | N/A | 0% |
Turkey | 189 | N/A | 123 | N/A | -19.3% |
Others | 56.7 | 68.8 | 3.4 | 2.9 | -62.9% |
Total | 607 | 419 | 1,137 | 130 | -40.2% |
Top Export Markets for Walnut from South Africa in 2022:
- China (25.0 tons)
- Botswana (0.6 tons)
Walnut Imports in South Africa
In 2022, after three years of growth, there was significant decline in overseas purchases of walnuts, when their volume decreased by -98.5% to 526 kg. Over the period under review, imports continue to indicate a sharp descent. The pace of growth appeared the most rapid in 2020 with an increase of 79% against the previous year.
In value terms, walnut imports shrank markedly to $1.6K in 2022. Overall, imports faced a precipitous slump. The most prominent rate of growth was recorded in 2020 with an increase of 137%.
Import of Walnut in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 8.1 | 131 | 0.4 | 1.6 | -41.8% |
Chile | 48.4 | N/A | 128 | N/A | 62.6% |
United Arab Emirates | N/A | N/A | 82.1 | N/A | 0% |
Others | 0.2 | 3.2 | 1.2 | N/A | 144.9% |
Total | 56.7 | 134 | 212 | 1.6 | -69.6% |
Top Suppliers of Walnut to South Africa in 2022:
- United States (525.0 kg)
This report provides an in-depth analysis of the walnut market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 222 - Walnuts
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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