South Africa - Almonds - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAlmond Price in South Africa - 2023
Contents:
- Almond Price in South Africa (CIF) - 2022
- Almond Price in South Africa (FOB) - 2022
- Almond Imports in South Africa
- Almond Exports in South Africa
Almond Price in South Africa (CIF) - 2022
In 2022, the average almond import price amounted to $4,055 per ton, falling by -8% against the previous year. In general, the import price continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2013 an increase of 39%. The import price peaked at $8,497 per ton in 2016; however, from 2017 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 the United States ($4,554 per ton), while the price for Nigeria ($332 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-1.7%), while the prices for the other major suppliers experienced a decline.
Almond Price in South Africa (FOB) - 2022
In 2022, the average almond export price amounted to $5,274 per ton, declining by -64.8% against the previous year. Over the period under review, the export price, however, showed a moderate expansion. The growth pace was the most rapid in 2021 an increase of 504% against the previous year. As a result, the export price reached the peak level of $14,963 per ton, and then shrank significantly in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Namibia ($7,098 per ton), while the average price for exports to Lesotho ($808 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 Spain (+241.9%), while the prices for the other major destinations experienced more modest paces of growth.
Almond Imports in South Africa
In 2022, approx. 163 tons of almonds were imported into South Africa; increasing by 15% on 2021. The total import volume increased at an average annual rate of +1.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 29%. As a result, imports attained the peak of 202 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, almond imports expanded significantly to $659K in 2022. In general, imports, however, saw a abrupt contraction.
| Import of Almond in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 707 | 657 | 579 | 535 | -8.9% |
| Spain | N/A | 127 | N/A | 71.2 | -25.1% |
| Mozambique | N/A | N/A | N/A | 51.4 | 0% |
| Nigeria | N/A | N/A | N/A | 1.3 | 0% |
| Australia | 242 | N/A | 45.7 | N/A | -56.5% |
| Others | 3.1 | 0.4 | 1.6 | 0.1 | -68.2% |
| Total | 953 | 785 | 626 | 659 | -11.6% |
Top Suppliers of Almond to South Africa in 2022:
- United States (117.6 tons)
- Mozambique (21.0 tons)
- Spain (20.0 tons)
- Nigeria (3.9 tons)
Almond Exports in South Africa
Almond exports from South Africa surged to 225 tons in 2022, increasing by 686% against the year before. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, almond exports surged to $1.2M in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 988% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Almond in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 1,086 | 0% |
| Mauritius | 1.1 | N/A | N/A | 34.3 | 214.8% |
| Botswana | 30.4 | 12.0 | 18.4 | 22.8 | -9.1% |
| Lesotho | 0.2 | 2.0 | 2.0 | 20.6 | 368.8% |
| Namibia | 9.3 | 12.0 | 3.4 | 2.8 | -33.0% |
| Belgium | N/A | N/A | 402 | N/A | 0% |
| Russia | 159 | 0.6 | N/A | N/A | -99.6% |
| Others | 9.3 | 13.0 | 3.5 | 22.1 | 33.4% |
| Total | 210 | 39.5 | 429 | 1,189 | 78.2% |
Top Export Markets for Almond from South Africa in 2022:
- China (184.8 tons)
- Lesotho (25.6 tons)
- Mauritius (5.9 tons)
- Botswana (4.9 tons)
- Namibia (0.4 tons)
This report provides an in-depth analysis of the almond 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 221 - Almonds
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.
-
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
-
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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