Copra Price in South Africa - 2023

Contents:

1. Copra Price in South Africa (CIF) - 2022
2. Copra Price in South Africa (FOB) - 2022
3. Copra Imports in South Africa
4. Copra Exports in South Africa

Copra Price in South Africa (CIF) - 2022

The average copra import price stood at $441,000 per ton in 2022, jumping by 37,214% against the previous year. Overall, the import price recorded a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($660,500 per ton), while the price for the UK totaled $2,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.0%).

Copra Price in South Africa (FOB) - 2022

The average copra export price stood at $1,177 per ton in 2022, reducing by -53.2% against the previous year. Overall, the export price recorded a abrupt setback. The pace of growth appeared the most rapid in 2016 an increase of 181%. As a result, the export price attained the peak level of $6,530 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malawi ($1,705 per ton), while the average price for exports to Mozambique stood at $480 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lesotho (+10.7%), while the prices for the other major destinations experienced a decline.

Copra Imports in South Africa

For the third year in a row, South Africa recorded decline in purchases abroad of copras, which decreased by 99.9% to 3 kg in 2022. In general, imports showed a dramatic decline. The smallest decline of -43.8% was in 2020.

In value terms, copra imports reduced markedly to $1.3K in 2022. Overall, imports showed a sharp descent. The smallest decline of -43% was in 2020.

Top Suppliers of Copra to South Africa in 2022:

1. Chile (2.0 kg)
2. United Kingdom (1.0 kg)

Copra Exports in South Africa

For the fourth year in a row, South Africa recorded growth in shipments abroad of copras, which increased by 287% to 232 kg in 2022. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, copra exports surged to $273 in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Copra from South Africa in 2022:

1. Malawi (132.0 kg)
2. Mozambique (100.0 kg)

Source: IndexBox Market Intelligence Platform