South Africa: Almond Market 2022

Almond Market Size in South Africa

The South African almond market fell to $X in 2020, dropping by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a strong expansion. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2020, consumption failed to regain the momentum.

Almond Exports

Exports from South Africa

In 2020, the amount of almonds exported from South Africa contracted notably to X tonnes, with a decrease of -X% on the year before. Over the period under review, exports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Exports peaked at X tonnes in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

In value terms, almond exports declined remarkably to $X in 2020. In general, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Over the period under review, exports attained the maximum at $X in 2019, and then fell notably in the following year.

Exports by Country

Swaziland (X tonnes) was the main destination for almond exports from South Africa, with a X% share of total exports. Moreover, almond exports to Swaziland exceeded the volume sent to the second major destination, Namibia (X tonnes), twofold. Botswana (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Swaziland stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (-X% per year) and Botswana (-X% per year).

In value terms, Namibia ($X), Botswana ($X) and Swaziland ($X) constituted the largest markets for almond exported from South Africa worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Swaziland recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average almond export price amounted to $X per tonne, waning by -X% against the previous year. In general, the export price, however, continues to indicate tangible growth. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. As a result, export price attained the peak level of $X per tonne, and then reduced in the following year.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Botswana ($X per tonne), while the average price for exports to Swaziland ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Botswana, while the prices for the other major destinations experienced more modest paces of growth.

Almond Imports

Imports into South Africa

In 2020, approx. X tonnes of almonds were imported into South Africa; with an increase of X% against the previous year. Over the period under review, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2012 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

In value terms, almond imports reached $X in 2020. Overall, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, the U.S. (X tonnes) was the main supplier of almond to South Africa, accounting for a X% share of total imports. Moreover, almond imports from the U.S. exceeded the figures recorded by the second-largest supplier, Spain (X tonnes), sevenfold.

From 2007 to 2020, the average annual growth rate of volume from the U.S. totaled +X%.

In value terms, the U.S. ($X) constituted the largest supplier of almond to South Africa, comprising X% of total imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. totaled +X%.

Import Prices by Country

The average almond import price stood at $X per tonne in 2020, rising by X% against the previous year. Overall, the import price posted tangible growth. The pace of growth appeared the most rapid in 2013 an increase of X% y-o-y. The import price peaked at $X per tonne in 2015; however, from 2016 to 2020, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was Spain ($X per tonne), while the price for the U.S. stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox Platform