South Africa - Almonds - Market Analysis, Forecast, Size, Trends and Insights

South Africa: Almond Market Overview 2020

Almond Market Size in South Africa

The revenue of the almond market in South Africa amounted to $X in 2018, rising 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, almond consumption continues to indicate a temperate expansion. The pace of growth appeared the most rapid in 2011 when the market value increased by X% against the previous year. In that year, the almond market attained its peak level of $X. From 2012 to 2018, the growth of the almond market failed to regain its momentum.

Almond Exports

Exports from South Africa

Almond exports from South Africa totaled X tonnes in 2018, rising by X% against the previous year. Overall, almond exports continue to indicate a moderate increase. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Exports peaked at X tonnes in 2015; however, from 2016 to 2018, exports stood at a somewhat lower figure.

In value terms, almond exports amounted to $X in 2018. Over the period under review, almond exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. In that year, almond exports attained their peak of $X. From 2013 to 2018, the growth of almond exports failed to regain its momentum.

Exports by Country

China, Hong Kong SAR (X tonnes) was the main destination for almond exports from South Africa, with a X% share of total exports. Moreover, almond exports to China, Hong Kong SAR exceeded the volume sent to the second major destination, India (X tonnes), eightfold. Spain (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to China, Hong Kong SAR totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-X% per year) and Spain (+X% per year).

In value terms, China, Hong Kong SAR ($X) remains the key foreign market for almond exports from South Africa, comprising X% of total almond exports. The second position in the ranking was occupied by India ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to China, Hong Kong SAR amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+X% per year) and Spain (-X% per year).

Export Prices by Country

In 2018, the average almond export price amounted to $X per tonne, going down by -X% against the previous year. Over the period under review, the almond export price, however, continues to indicate a pronounced increase. The most prominent rate of growth was recorded in 2012 an increase of X% against the previous year. Over the period under review, the average export prices for almonds reached their maximum at $X per tonne in 2013; however, from 2014 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was India ($X per tonne), while the average price for exports to Kenya ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Namibia, while the prices for the other major destinations experienced more modest paces of growth.

Almond Imports

Imports into South Africa

In 2018, approx. X tonnes of almonds were imported into South Africa; increasing by X% against the previous year. Overall, almond imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. In that year, almond imports attained their peak of X tonnes. From 2012 to 2018, the growth of almond imports failed to regain its momentum.

In value terms, almond imports amounted to $X in 2018. Overall, almond imports continue to indicate a notable expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, almond imports reached their peak figure at $X in 2015; however, from 2016 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the U.S. (X tonnes) constituted the largest almond supplier 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, Mozambique (X tonnes), fivefold. The third position in this ranking was occupied by Australia (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from the U.S. totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mozambique (X% per year) and Australia (-X% per year).

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

From 2007 to 2018, the average annual growth rate of value from the U.S. stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-X% per year) and Mozambique (X% per year).

Import Prices by Country

The average almond import price stood at $X per tonne in 2018, lowering by -X% against the previous year. Over the period under review, the almond import price, however, continues to indicate measured growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2015; however, from 2016 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Australia ($X per tonne), while the price for Swaziland ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Australia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform