South Africa: Market for Nuts (Prepared Or Preserved) 2024

Market Size for Nuts (Prepared Or Preserved) in South Africa

The South African nuts (prepared or preserved) market expanded significantly to $X in 2021, surging by 5.3% against the previous year. Overall, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +141.1% against 2017 indices. Nuts (prepared or preserved) consumption peaked in 2021 and is likely to continue growth in the near future.

Production of Nuts (Prepared Or Preserved) in South Africa

In value terms, nuts (prepared or preserved) production contracted modestly to $X in 2021 estimated in export price. Over the period under review, the total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +132.3% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 116% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then contracted modestly in the following year.

Exports of Nuts (Prepared Or Preserved)

Exports from South Africa

In 2021, overseas shipments of nuts (prepared or preserved) decreased by -15% to X tons, falling for the second consecutive year after four years of growth. In general, exports, however, posted resilient growth. The pace of growth appeared the most rapid in 2016 when exports increased by 179%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, nuts (prepared or preserved) exports shrank dramatically to $X in 2021. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 131%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Pakistan (X tons) was the main destination for nuts (prepared or preserved) exports from South Africa, with a 37% share of total exports. Moreover, nuts (prepared or preserved) exports to Pakistan exceeded the volume sent to the second major destination, Nigeria (X tons), twofold. The third position in this ranking was held by Democratic Republic of the Congo (X tons), with an 8.5% share.

From 2012 to 2021, the average annual growth rate of volume to Pakistan amounted to +22.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+84.9% per year) and Democratic Republic of the Congo (+92.0% per year).

In value terms, Pakistan ($X) remains the key foreign market for nuts (prepared or preserved) exports from South Africa, comprising 36% of total exports. The second position in the ranking was taken by Nigeria ($X), with a 17% share of total exports. It was followed by Democratic Republic of the Congo, with an 8% share.

From 2012 to 2021, the average annual growth rate of value to Pakistan amounted to +22.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+80.7% per year) and Democratic Republic of the Congo (+88.7% per year).

Export Prices by Country

The average nuts (prepared or preserved) export price stood at $X per ton in 2021, dropping by -3.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2013 an increase of 56%. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, the countries with the highest prices were Namibia ($X per ton) and Pakistan ($X per ton), while the average price for exports to Madagascar ($X per ton) and Yemen ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nuts (Prepared Or Preserved)

Imports into South Africa

In 2021, nuts (prepared or preserved) imports into South Africa surged to X tons, rising by 39% on 2020 figures. Overall, imports recorded a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 68% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, nuts (prepared or preserved) imports dropped to $X in 2021. In general, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +67.7% against 2016 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 32%. Imports peaked at $X in 2020, and then dropped in the following year.

Imports by Country

Thailand (X tons), Australia (X tons) and the United States (X tons) were the main suppliers of nuts (prepared or preserved) imports to South Africa, together accounting for 61% of total imports. Turkey, Hungary, India, Indonesia, Vietnam, Bulgaria, Swaziland, the United Arab Emirates and Spain lagged somewhat behind, together comprising a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +93.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest nuts (prepared or preserved) suppliers to South Africa were Turkey ($X), the United States ($X) and Thailand ($X), with a combined 62% share of total imports. These countries were followed by Australia, Hungary, India, Spain, Vietnam, Bulgaria, the United Arab Emirates, Indonesia and Swaziland, which together accounted for a further 30%.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +67.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average nuts (prepared or preserved) import price amounted to $X per ton, shrinking by -34.4% against the previous year. Overall, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2019 an increase of 35% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 Turkey ($X per ton), while the price for Swaziland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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