South Africa: Brazil Nut Market Overview 2021

Brazil Nut Market Size in South Africa

In 2020, after two years of decline, there was significant growth in the South African brazil nut market, when its value increased by X% to $X. In general, consumption, however, recorded a deep downturn. The growth pace was the most rapid in 2015 when the market value increased by X% year-to-year. Brazil nut consumption peaked at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Brazil Nut Production in South Africa

In value terms, brazil nut production reduced markedly to $X in 2020 estimated in export prices. Overall, production continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% year-to-year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2020, production remained at a lower figure.

The average yield of brazil nuts in South Africa totaled X kg per ha in 2020, flattening at 2019 figures. In general, the yield continues to indicate 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.

In 2020, the total area harvested in terms of brazil nuts production in South Africa was estimated at X ha, almost unchanged from the year before. Overall, the harvested area recorded a relatively flat trend pattern.

Brazil Nut Exports

Exports from South Africa

Brazil nut exports from South Africa declined notably to X tonnes in 2020, shrinking by -X% compared with 2019 figures. Over the period under review, exports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2017 when exports increased by X% year-to-year. As a result, exports attained the peak of X tonnes. from 2018 to 2020, the growth exports failed to regain the momentum.

In value terms, brazil nut exports fell dramatically to $X in 2020. In general, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. As a result, exports reached the peak of $X. from 2018 to 2020, the growth exports remained at a lower figure.

Exports by Country

Lesotho (X kg), Mozambique (X kg) and Botswana (X kg) were the main destinations of brazil nut exports from South Africa, together accounting for X% of total exports.

From 2007 to 2020, the biggest increases were in Mozambique, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Botswana ($X), Mozambique ($X) and Lesotho ($X) were the largest markets for brazil nut exported from South Africa worldwide, with a combined X% share of total exports.

Among the main countries of destination, Mozambique saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2020, the average brazil nut export price amounted to $X per tonne, rising by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% y-o-y. Over the period under review, average export prices attained the maximum at $X per tonne in 2013; however, from 2014 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Botswana ($X per tonne), while the average price for exports to Italy ($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.

Brazil Nut Imports

Imports into South Africa

For the fifth year in a row, South Africa recorded decline in purchases abroad of brazil nuts, which decreased by -X% to X kg in 2020. Over the period under review, imports recorded a dramatic curtailment. The pace of growth was the most pronounced in 2010 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, brazil nut imports contracted significantly to $X in 2020. Overall, imports showed a sharp descent. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Bolivia (X kg) was the main supplier of brazil nut to South Africa, accounting for a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from Bolivia amounted to -X%.

In value terms, Bolivia ($X) constituted the largest supplier of brazil nut to South Africa.

From 2007 to 2020, the average annual growth rate of value from Bolivia stood at -X%.

Import Prices by Country

In 2020, the average brazil nut import price amounted to $X per tonne, which is down by -X% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, brazil nut import price decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2017 an increase of X% y-o-y. The import price peaked at $X per tonne in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Bolivia.

From 2007 to 2020, the rate of growth in terms of prices for Bolivia amounted to +X% per year.

Source: IndexBox Platform