Sudan: Market for Nuts (Prepared Or Preserved) 2024

Market Size for Nuts (Prepared Or Preserved) in Sudan

The Sudanese nuts (prepared or preserved) market shrank slightly to $X in 2021, reducing by -5% against the previous year. Overall, consumption, however, continues to indicate a noticeable contraction. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Production of Nuts (Prepared Or Preserved) in Sudan

In value terms, nuts (prepared or preserved) production dropped to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2015 with an increase of 65% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Exports of Nuts (Prepared Or Preserved)

Exports from Sudan

Nuts (prepared or preserved) exports from Sudan reduced to X tons in 2021, shrinking by -11.4% against the year before. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 730% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, nuts (prepared or preserved) exports stood at $X in 2021. Over the period under review, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2015 with an increase of 1,398%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey (X tons) was the main destination for nuts (prepared or preserved) exports from Sudan, accounting for a 85% share of total exports. Moreover, nuts (prepared or preserved) exports to Turkey exceeded the volume sent to the second major destination, the UK (X tons), eightfold. Germany (X tons) ranked third in terms of total exports with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey amounted to +63.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+30.7% per year) and Germany (0.0% per year).

In value terms, Turkey ($X) remains the key foreign market for nuts (prepared or preserved) exports from Sudan, comprising 95% of total exports. The second position in the ranking was held by the UK ($X), with a 2.9% share of total exports. It was followed by Germany, with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey stood at +60.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+17.0% per year) and Germany (0.0% per year).

Export Prices by Country

In 2021, the average nuts (prepared or preserved) export price amounted to $X per ton, rising by 14% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, nuts (prepared or preserved) export price increased by +111.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 85% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Turkey ($X per ton), while the average price for exports to the UK ($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 Turkey (-2.0%), while the prices for the other major destinations experienced a decline.

Imports of Nuts (Prepared Or Preserved)

Imports into Sudan

After three years of growth, purchases abroad of nuts (prepared or preserved) decreased by -52.3% to X tons in 2021. Over the period under review, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 1,327%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, nuts (prepared or preserved) imports fell notably to $X in 2021. In general, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 833% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

India (X tons), China (X tons) and the United Arab Emirates (X tons) were the main suppliers of nuts (prepared or preserved) imports to Sudan, together comprising 77% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +109.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of nuts (prepared or preserved) to Sudan, comprising 48% of total imports. The second position in the ranking was taken by Italy ($X), with a 15% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from India amounted to +65.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-5.2% per year) and China (+57.0% per year).

Import Prices by Country

In 2021, the average nuts (prepared or preserved) import price amounted to $X per ton, waning by -25.8% against the previous year. Over the period under review, the import price continues to indicate a noticeable decrease. The growth pace was the most rapid in 2020 when the average import price increased by 30%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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