Africa: Brazil Nut Market 2024

Brazil Nut Market Size in Africa

The African brazil nut market soared to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, saw a deep slump. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Brazil Nut Production in Africa

In value terms, brazil nut production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a noticeable downturn. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The country with the largest volume of brazil nut production was Nigeria (X tons), accounting for X% of total volume. Moreover, brazil nut production in Nigeria exceeded the figures recorded by the second-largest producer, Ghana (X tons), tenfold.

In Nigeria, brazil nut production expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Burkina Faso (X% per year).

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Brazil Nut Exports

Exports in Africa

In 2022, after two years of growth, there was significant decline in overseas shipments of brazil nuts, when their volume decreased by X% to X tons. Overall, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2021, and then fell significantly in the following year.

In value terms, brazil nut exports contracted markedly to $X in 2022. In general, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nigeria prevails in exports structure, amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Ghana (X tons), comprising a X% share of total exports.

Nigeria experienced a relatively flat trend pattern with regard to volume of exports of brazil nuts. Ghana (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria increased by X percentage points.

In value terms, Nigeria ($X) remains the largest brazil nut supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports.

In Nigeria, brazil nut exports shrank by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Ghana totaled $X per ton.

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

Brazil Nut Imports

Imports in Africa

Brazil nut imports skyrocketed to X tons in 2022, increasing by X% compared with the year before. In general, imports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, brazil nut imports soared to $X in 2022. Over the period under review, imports, however, recorded a noticeable curtailment. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Tunisia dominates imports structure, accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by Libya (X tons) and Ghana (X tons), together making up a X% share of total imports. Algeria (X tons), Mauritania (X tons) and Swaziland (X tons) followed a long way behind the leaders.

Imports into Tunisia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Swaziland (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Swaziland emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Algeria (X%), Libya (X%) and Mauritania (X%) illustrated a downward trend over the same period. While the share of Libya (X p.p.), Ghana (X p.p.) and Mauritania (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Algeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tunisia ($X) constitutes the largest market for imported brazil nuts in Africa, comprising X% of total imports. The second position in the ranking was taken by Libya ($X), with a X% share of total imports. It was followed by Ghana, with a X% share.

In Tunisia, brazil nut imports decreased by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Libya (X% per year) and Ghana (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, shrinking by X% against the previous year. Import price indicated pronounced growth from 2012 to 2022: its price 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, brazil nut import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

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

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

Source: IndexBox Platform

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