South Africa - Nuts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNuts Price in South Africa - 2023
Contents:
- Nuts Price in South Africa (FOB) - 2022
- Nuts Price in South Africa (CIF) - 2022
- Nuts Exports in South Africa
- Nuts Imports in South Africa
Nuts Price in South Africa (FOB) - 2022
The average nuts export price stood at $7,102 per ton in 2022, with a decrease of -11.5% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 15%. As a result, the export price reached the peak level of $8,100 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
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 Germany ($15,484 per ton), while the average price for exports to China ($4,181 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 Vietnam (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.
Nuts Price in South Africa (CIF) - 2022
In 2022, the average nuts import price amounted to $3,643 per ton, waning by -16.1% against the previous year. Overall, the import price saw a noticeable descent. The pace of growth was the most pronounced in 2017 an increase of 71% against the previous year. Over the period under review, average import prices attained the maximum at $6,034 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malawi ($8,063 per ton), while the price for Swaziland ($1,727 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Nuts Exports in South Africa
In 2022, the amount of nuts exported from South Africa fell sharply to 41K tons, with a decrease of -19.5% compared with 2021 figures. In general, exports saw a abrupt slump. The pace of growth was the most pronounced in 2021 when exports increased by 0.4%.
In value terms, nuts exports contracted remarkably to $288M in 2022. Overall, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 9.1%.
| Export of Nuts in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 119 | 134 | 140 | 113 | -1.7% |
| United States | 113 | 53.5 | 101 | 81.1 | -10.5% |
| Germany | 16.5 | 23.3 | 24.8 | 13.8 | -5.8% |
| Netherlands | 13.8 | 11.9 | 16.4 | 11.7 | -5.4% |
| Vietnam | 37.2 | 37.2 | 29.6 | 9.8 | -35.9% |
| Japan | 7.6 | 9.6 | 10.1 | 7.8 | 0.9% |
| Hong Kong SAR | 55.1 | 53.4 | 28.3 | 4.6 | -56.3% |
| Others | 49.5 | 48.7 | 55.0 | 47.1 | -1.6% |
| Total | 411 | 371 | 405 | 288 | -11.2% |
Top Export Markets for Nuts from South Africa in 2022:
- China (26.9K tons)
- United States (5.8K tons)
- Vietnam (1.3K tons)
- Germany (0.9K tons)
- Hong Kong SAR (0.9K tons)
- Netherlands (0.8K tons)
- Japan (0.5K tons)
Nuts Imports in South Africa
In 2022, imports of nuts into South Africa surged to 8K tons, growing by 37% against 2021. In general, imports recorded significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 72% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, nuts imports surged to $29M in 2022. The total import value increased at an average annual rate of +5.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 26%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Nuts in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mozambique | 3.0 | 3.7 | 7.2 | 11.2 | 55.1% |
| Malawi | 8.9 | 7.9 | 7.8 | 4.6 | -19.7% |
| Zimbabwe | 6.5 | 2.1 | 4.0 | 3.6 | -17.9% |
| United States | 3.1 | 2.5 | 2.1 | 2.6 | -5.7% |
| Zambia | 0.3 | 0.3 | 0.5 | 2.1 | 91.3% |
| Swaziland | 0.2 | 0.2 | 0.5 | 0.6 | 44.2% |
| Spain | N/A | 0.1 | 0.1 | 0.3 | 73.2% |
| Others | 2.8 | 3.2 | 3.1 | 4.0 | 12.6% |
| Total | 24.9 | 20.0 | 25.2 | 29.0 | 5.2% |
Top Suppliers of Nuts to South Africa in 2022:
- Mozambique (3365.1 tons)
- Zimbabwe (1936.7 tons)
- Zambia (584.1 tons)
- Malawi (570.0 tons)
- United States (364.0 tons)
- Swaziland (342.4 tons)
- Spain (155.9 tons)
This report provides an in-depth analysis of the nuts 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
- FCL 223 - Pistachios
- FCL 222 - Walnuts
- FCL 220 - Chestnuts
- FCL 217 - Cashew nuts
- FCL 225 - Hazelnuts (Filberts)
- FCL 216 - Brazil nuts
- FCL 234 - Nuts nes
- FCL 224 - Kolanuts
- FCL 226 - Areca nuts
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
-
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
528
This report provides an in-depth analysis of the nuts market in South Africa.
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The U.S. seized control of almond market. In 2014, the U.S. exported X thousand tons of almonds totaling X million USD, X% over the previous year. Its primary trading partner was Spain, where it supplied X% of its total almond exports in value
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