South Africa: Brazil Nut Market Overview 2021

Brazil Nut Market Size in South Africa

The South African brazil nut market contracted remarkably to $X in 2019, shrinking by -X% against the previous year. Over the period under review, consumption continues to indicate a dramatic downturn. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.

Brazil Nut Production in South Africa

In value terms, brazil nut production rose sharply to $X in 2019 estimated in export prices. Over the period under review, production showed a noticeable decline. Brazil nut production peaked at $X in 2007; however, from 2008 to 2019, production remained at a lower figure.

The average yield of brazil nuts in South Africa stood at X kg per ha in 2019, almost unchanged from 2018 figures. In general, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The brazil nut harvested area in South Africa amounted to X ha in 2019, remaining stable against 2018. Overall, the harvested area showed a relatively flat trend pattern.

Brazil Nut Exports

Exports from South Africa

In 2019, approx. X tonnes of brazil nuts were exported from South Africa; waning by -X% against 2018 figures. In general, exports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. As a result, exports attained the peak of X tonnes, and then contracted in the following year.

In value terms, brazil nut exports soared to $X in 2019. Over the period under review, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Exports peaked in 2019 and are likely to continue growth in the near future.

Exports by Country

The U.S. (X tonnes) was the main destination for brazil nut exports from South Africa, accounting for a X% share of total exports. Moreover, brazil nut exports to the U.S. exceeded the volume sent to the second major destination, Angola (X kg), eightfold. Botswana (X kg) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to the U.S. was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+X% per year) and Botswana (-X% per year).

In value terms, the largest markets for brazil nut exported from South Africa were the U.S. ($X), Angola ($X) and Botswana ($X), together accounting for X% of total exports. Zimbabwe, Lesotho, Mozambique and Namibia lagged somewhat behind, together comprising a further X terms of the main countries of destination, Zimbabwe (+X% per year) saw 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

The average brazil nut export price stood at $X per tonne in 2019, jumping by X% against the previous year. In general, the export price, however, recorded a deep setback. The export price peaked at $X per tonne in 2007; however, from 2008 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Zimbabwe ($X per tonne), while the average price for exports to the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2019, 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.

Brazil Nut Imports

Imports into South Africa

For the fourth consecutive year, South Africa recorded decline in supplies from abroad of brazil nuts, which decreased by -X% to X tonnes in 2019. Over the period under review, imports saw a sharp curtailment. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. Imports peaked at X tonnes in 2007; however, from 2008 to 2019, imports remained at a lower figure.

In value terms, brazil nut imports dropped rapidly to $X in 2019. Overall, imports faced a dramatic descent. The pace of growth appeared the most rapid in 2010 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Bolivia (X kg), Brazil (X kg) and Chile (X kg) were the main suppliers of brazil nut imports to South Africa, with a combined X% share of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bolivia, while imports for the other leaders experienced a decline.

In value terms, Brazil ($X), Bolivia ($X) and Chile ($X) constituted the largest brazil nut suppliers to South Africa, with a combined X% share of total imports.

Brazil recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2019, the average brazil nut import price amounted to $X per tonne, dropping by -X% against the previous year. Over the period under review, the import price, however, showed a temperate expansion. The pace of growth appeared the most rapid in 2010 an increase of X% year-to-year. Over the period under review, average import prices reached the maximum at $X per tonne in 2017; however, from 2018 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Brazil ($X per tonne), while the price for Mozambique ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Brazil, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for brazil nuts in the world?

+

The countries with the highest volumes of brazil nut consumption in 2019 were Bolivia (31K tonnes), Brazil (28K tonnes) and Ghana (20K tonnes), with a combined 74% share of global consumption. Peru, Indonesia, Viet Nam and Afghanistan lagged somewhat behind, together comprising a further 19%.

What are the largest producers of brazil nuts in the world?

+

The countries with the highest volumes of brazil nut production in 2019 were Brazil (33K tonnes), Bolivia (31K tonnes) and Ghana (20K tonnes), together comprising 76% of global production. These countries were followed by Indonesia, Peru, Afghanistan and Benin, which together accounted for a further 19%.

What are the leading suppliers of brazil nuts to South Africa?

+

In value terms, the largest brazil nut suppliers to South Africa were Brazil ($4.1K), Bolivia ($2.9K) and Chile ($610), together comprising 100% of total imports.

What are the leading importers of brazil nuts from South Africa?

+

In value terms, the largest markets for brazil nut exported from South Africa were the U.S. ($1.8K), Angola ($1.3K) and Botswana ($1.3K), with a combined 75% share of total exports. Zimbabwe, Lesotho, Mozambique and Namibia lagged somewhat behind, together comprising a further 20%.

What is the average export price for brazil nuts in South Africa?

+

The average brazil nut export price stood at $2,263 per tonne in 2019, surging by 33% against the previous year.

What is the average import price for brazil nuts in South Africa?

+

In 2019, the average brazil nut import price amounted to $4,478 per tonne, waning by -35.4% against the previous year.