South Africa: Shelled Walnut Market 2024

Shelled Walnut Market Size in South Africa

In 2022, the South African shelled walnut market increased by 0.6% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, recorded a pronounced setback. Shelled walnut consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Shelled Walnut Production in South Africa

In value terms, shelled walnut production shrank to $X in 2022 estimated in export price. In general, production, however, saw a mild shrinkage. The pace of growth was the most pronounced in 2018 when the production volume increased by 160% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Shelled Walnut Exports

Exports from South Africa

In 2022, shipments abroad of shelled walnuts increased by 300% to X tons, rising for the third year in a row after two years of decline. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, shelled walnut exports surged to $X in 2022. In general, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for shelled walnut exports from South Africa, accounting for a 57% share of total exports. Moreover, shelled walnut exports to the Netherlands exceeded the volume sent to the second major destination, France (X tons), fourfold. The third position in this ranking was taken by Portugal (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands totaled +1,214.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+205.1% per year) and Portugal (+38.8% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for shelled walnuts exports from South Africa, comprising 56% of total exports. The second position in the ranking was held by France ($X), with a 13% share of total exports. It was followed by Portugal, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands stood at +890.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+164.2% per year) and Portugal (+35.6% per year).

Export Prices by Country

The average shelled walnut export price stood at $X per ton in 2022, growing by 15% against the previous year. In general, the export price, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2019 when the average export price increased by 30%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Botswana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+171.9%), while the prices for the other major destinations experienced a decline.

Shelled Walnut Imports

Imports into South Africa

For the fourth year in a row, South Africa recorded growth in purchases abroad of shelled walnuts, which increased by 221% to X tons in 2022. In general, imports showed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, shelled walnut imports surged to $X in 2022. Over the period under review, imports, however, faced a dramatic curtailment. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of shelled walnut to South Africa, with a 64% share of total imports. Moreover, shelled walnut imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was taken by Chile (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +31.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.8% per year) and Chile (+226.8% per year).

In value terms, China ($X) constituted the largest supplier of shelled walnuts to South Africa, comprising 53% of total imports. The second position in the ranking was held by the United States ($X), with a 22% share of total imports. It was followed by Chile, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -44.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-56.7% per year) and Chile (-46.9% per year).

Import Prices by Country

In 2022, the average shelled walnut import price amounted to $X per ton, falling by -16.1% against the previous year. Over the period under review, the import price recorded a dramatic descent. The pace of growth appeared the most rapid in 2014 an increase of 28% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-54.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :