
South Africa - Ground-Nut - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSouth Africa's Groundnuts Export Reaches $406,000 Mark in 2023
South Africa Groundnuts Exports
In 2023, the amount of ground-nut (in-shell) exported from South Africa reduced sharply to 92 tons, falling by -47.6% against 2022 figures. In general, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2015 with an increase of 598% against the previous year. The exports peaked at 687 tons in 2013; however, from 2014 to 2023, the exports failed to regain momentum.
In value terms, groundnuts exports surged to $406K (IndexBox estimates) in 2023. Over the period under review, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 when exports increased by 1,158% against the previous year. Over the period under review, the exports hit record highs at $1.3M in 2013; however, from 2014 to 2023, the exports failed to regain momentum.
COUNTRY | Export Value of Groundnuts in South Africa (thousand USD) | ||||||||||
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2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
Lesotho | 0.1 | 0.1 | 0.2 | 2.4 | 32.9 | 31.2 | 85.3 | 104 | 156 | 210 | 226 |
Israel | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 118 |
Botswana | 4.8 | 9.4 | 12.9 | 19.4 | 2.0 | 1.1 | 20.0 | 13.4 | 38.2 | 30.6 | 54.1 |
Namibia | 9.9 | 2.1 | 50.8 | 26.1 | 127 | 12.3 | 4.0 | 1.4 | 1.9 | 1.3 | 4.6 |
Swaziland | 20.2 | 16.6 | 2.6 | 9.5 | N/A | 4.8 | 8.4 | 86.8 | 7.6 | 1.0 | 0.3 |
Switzerland | 115 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Japan | 1,132 | 13.7 | 441 | 387 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Others | 64.2 | 7.2 | 109 | 13.2 | 14.5 | 38.5 | 13.3 | 6.0 | 17.3 | 32.0 | 3.1 |
Total | 1,347 | 49.0 | 616 | 458 | 177 | 87.8 | 131 | 212 | 221 | 275 | 406 |
Exports by Country
Lesotho (57 tons) was the main destination for groundnuts exports from South Africa, accounting for a 61% share of total exports. Moreover, groundnuts exports to Lesotho exceeded the volume sent to the second major destination, Botswana (22 tons), threefold. Israel (6.9 tons) ranked third in terms of total exports with a 7.4% share.
From 2013 to 2023, the average annual growth rate of volume to Lesotho totaled +72.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (+12.3% per year) and Israel (0.0% per year).
In value terms, Lesotho ($226K), Israel ($118K) and Botswana ($54K) appeared to be the largest markets for groundnuts exported from South Africa worldwide, with a combined 98% share of total exports.
In terms of the main countries of destination, Lesotho, with a CAGR of +117.4%, 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
In 2023, the groundnuts price stood at $4,401 per ton (FOB, South Africa), with an increase of 182% against the previous year. In general, the export price continues to indicate a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Israel ($17,178 per ton), while the average price for exports to Mozambique ($508 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lesotho (+25.7%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the groundnuts market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 242 - Groundnuts, in shell
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional EditionPRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
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4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
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7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
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8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
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9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
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LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012-2024
- Imports, In Value Terms, By Country, 2012-2024
- Import Prices, By Country, 2012-2024
- Exports, In Physical Terms, By Country, 2012-2024
- Exports, In Value Terms, By Country, 2012-2024
- Exports Prices, By Country, 2012-2024
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LIST OF FIGURES
- Market Volume, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply Vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply Vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, by Product
- Average Per Capita Consumption, by Product
- Exports and Growth, by Product
- Export Prices and Growth, by Product
- Production Volume and Growth
- Yield and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Harvested Area: Historical Data (2012–2024) and Forecast (2025–2035)
- Yield: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, in Physical Terms, by Country, 2024
- Imports, in Physical Terms, by Country, 2012-2024
- Imports, in Value Terms, by Country, 2012-2024
- Import Prices, by Country, 2012-2024
- Exports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, in Physical Terms, by Country, 2024
- Exports, in Physical Terms, by Country, 2012-2024
- Exports, in Value Terms, by Country, 2012-2024
- Export Prices, by Country, 2012-2024