South Africa: Almond Market 2025

Almond Market Size in South Africa

After three years of growth, the South African almond market decreased by -33.6% to $X in 2021. In general, consumption recorded a mild decrease. Almond consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Almond Exports

Exports from South Africa

In 2021, after three years of decline, there was significant growth in overseas shipments of almonds, when their volume increased by 65% to X tons. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 228%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, almond exports skyrocketed to $X in 2021. In general, exports continue to indicate a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons) was the main destination for almond exports from South Africa, with a 75% share of total exports. Moreover, almond exports to Belgium exceeded the volume sent to the second major destination, Botswana (X tons), eightfold. The third position in this ranking was taken by Lesotho (X tons), with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (+6.3% per year) and Lesotho (-11.8% per year).

In value terms, Belgium ($X) emerged as the key foreign market for almond exports from South Africa, comprising 93% of total exports. The second position in the ranking was taken by Botswana ($X), with a 4.3% share of total exports. It was followed by Namibia, with a 0.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (+10.0% per year) and Namibia (-28.2% per year).

Export Prices by Country

The average almond export price stood at $X per ton in 2021, with an increase of 559% against the previous year. Overall, the export price saw a prominent 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 export markets. In 2021, the country with the highest price was Belgium ($X per ton), while the average price for exports to Swaziland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lesotho (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Almond Imports

Imports into South Africa

In 2021, the amount of almonds imported into South Africa fell remarkably to X tons, with a decrease of -29.3% compared with the previous year's figure. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 118%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, almond imports fell markedly to $X in 2021. Over the period under review, imports saw a noticeable descent. The pace of growth appeared the most rapid in 2014 with an increase of 150%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest almond supplier to South Africa, accounting for a 88% share of total imports. Moreover, almond imports from the United States exceeded the figures recorded by the second-largest supplier, Australia (X tons), eightfold.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +10.1%.

In value terms, the United States ($X) constituted the largest supplier of almond to South Africa, comprising 92% of total imports. The second position in the ranking was taken by Australia ($X), with a 7.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +8.2%.

Import Prices by Country

In 2021, the average almond import price amounted to $X per ton, surging by 13% against the previous year. Over the period under review, the import price, however, recorded a mild decline. The pace of growth appeared the most rapid in 2013 when the average import price increased by 39% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Australia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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