South Africa: Brazil Nut Market 2022

Brazil Nut Market Size in South Africa

In 2021, the South African brazil nut market increased by X% to $X, rising for the second consecutive year after four years of decline. Overall, consumption, however, recorded a sharp slump. Brazil nut consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Brazil Nut Production in South Africa

In value terms, brazil nut production amounted to $X in 2021 estimated in export prices. The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

The average yield of brazil nuts in South Africa was estimated at less than X kg per ha in 2021, remaining constant against 2020. 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.

In 2021, approx. less than X ha of brazil nuts were harvested in South Africa; leveling off at the previous year's figure. Overall, the harvested area recorded a relatively flat trend pattern.

Brazil Nut Exports

Exports from South Africa

In 2021, overseas shipments of brazil nuts decreased by -X% to X kg, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. The exports peaked at X tonnes in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, brazil nut exports declined significantly to $X in 2021. In general, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Angola (X kg), Lesotho (X kg) and Botswana (X kg) were the main destinations of brazil nut exports from South Africa, with a combined X% share of total exports. These countries were followed by Swaziland, Mozambique, Zambia and Namibia, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Swaziland (+X%), while the other leaders experienced more modest paces of growth.

In value terms, Botswana ($X), Angola ($X) and Mozambique ($X) were the largest markets for brazil nut exported from South Africa worldwide, together comprising X% of total exports. Zambia, Lesotho, Namibia and Swaziland lagged somewhat behind, together comprising a further X terms of the main countries of destination, Swaziland, with a CAGR of +X%, saw the highest growth rate of 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 2021, declining by -X% against the previous year. Overall, the export price, however, showed a slight increase. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per tonne. From 2015 to 2021, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Mozambique ($X per tonne), while the average price for exports to Swaziland ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Brazil Nut Imports

Imports into South Africa

In 2021, supplies from abroad of brazil nuts increased by X% to X tonnes for the first time since 2015, thus ending a five-year declining trend. Over the period under review, imports, however, continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at X tonnes in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, brazil nut imports soared to $X in 2021. In general, imports, however, faced a dramatic curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Brazil (X kg), Chile (X kg) and Bolivia (X kg) were the main suppliers of brazil nut imports to South Africa, together comprising X% of total imports.

From 2012 to 2021, the biggest increases were in Brazil (-X%), while purchases for the other leaders experienced a decline.

In value terms, Brazil ($X) constituted the largest supplier of brazil nut to South Africa, comprising X% of total imports. The second position in the ranking was occupied by Chile ($X), with an X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (-X% per year) and Bolivia (-X% per year).

Import Prices by Country

In 2021, the average brazil nut import price amounted to $X per tonne, growing by X% against the previous year. In general, the import price, however, saw a slight descent. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2018 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Brazil ($X per tonne), while the price for Chile ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform