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

South Africa: Hazelnut Market Overview 2019

Hazelnut Market Size in South Africa

The revenue of the hazelnut market in South Africa amounted to $X in 2017, picking up by X% against the previous year. Overall, hazelnut consumption continues to indicate an abrupt descent. The growth pace was the most rapid in 2014, when market value increased by X% y-o-y. The hazelnut consumption peaked of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Hazelnut Production in South Africa

In 2017, approx. X kg of hazelnuts were produced in South Africa; approximately equating the previous year. In general, hazelnut production continues to indicate a relatively flat trend pattern. Over the period under review, the hazelnut production attained its peak figure volume of X tonnes in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Hazelnut Exports from South Africa

In 2017, the amount of hazelnuts exported from South Africa stood at X kg, falling by -X% against the previous year. Overall, hazelnut exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2009, with an increase of X% against the previous year. The exports peaked of X tonnes in 2014; however, from 2015 to 2017, it failed to regain its momentum.

In value terms, hazelnut exports amounted to $X in 2017. In general, hazelnut exports continue to indicate a strong growth. Over the period under review, the hazelnut exports reached its peak figure level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Hazelnut Exports by Country from South Africa

Nigeria (X kg), Namibia (X kg) and Italy (X kg) were the main destinations of hazelnut exports from South Africa.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Nigeria (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, largest markets for hazelnut exported from South Africa were Nigeria ($X), Namibia ($X) and Italy ($X).

In terms of the main countries of destination , Nigeria (+X% per year) recorded the highest growth rate of exports, over the last decade, while the other leaders experienced more modest paces of growth.

Hazelnut Export Prices by Country in South Africa

The average hazelnut export price stood at $X per tonne in 2017, surging by X% against the previous year. In general, hazelnut export price continues to indicate a measured growth. The most prominent rate of growth was recorded in 2012, when it surged by X% y-o-y. Over the period under review, the average export prices for hazelnuts reached its maximum level in 2017, and is likely to continue its growth in the immediate term.

Average export prices varied somewhat for the major foreign markets. In 2017, the highest prices were recorded for export prices to Lesotho ($X per kg) and Swaziland ($X per kg), while average price for exports to Zambia ($X per tonne) and Tanzania ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Zambia (+X% per year), the export prices for other major destinations experienced more modest paces of growth.

Hazelnut Imports into South Africa

In 2017, hazelnut imports into South Africa stood at X tonnes, waning by -X% against the previous year. In general, hazelnut imports continue to indicate a deep decline. The pace of growth appeared the most rapid in 2015, when it surged by X% year-to-year. Over the period under review, the hazelnut imports reached its maximum volume of X tonnes in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, hazelnut imports stood at $X in 2017. In general, hazelnut imports continue to indicate a deep contraction. The imports peaked of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Hazelnut Imports by Country into South Africa

In 2017, Namibia (X tonnes) was the main hazelnut supplier to South Africa, with a X% share of total imports. Moreover, hazelnut imports from Namibia exceeded the figures recorded by the second largest supplier, Turkey (X tonnes), more than tenfold. The Netherlands (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2017, the average annual growth rate of volume from Namibia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-X% per year) and the Netherlands (-X% per year).

In value terms, largest hazelnut suppliers to South Africa were Italy ($X), Namibia ($X) and the Netherlands ($X).

Among the main suppliers , Namibia (+X% per year) recorded the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Hazelnut Import Prices by Country in South Africa

In 2017, the average hazelnut import price amounted to $X per tonne, coming up by X% against the previous year. Overall, the import price indicated a strong expansion from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the hazelnut import price increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2014, when the average import prices increased by X% year-to-year. The import price peaked in 2017, and is likely to continue its growth in the immediate term.

Import prices varied noticeably by the country of destination; the country with the highest import price was Italy ($X per kg), while prices for hazelnut imports from Namibia ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by India (+X% per year), the import prices for other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform