SADC: Nuts Market 2024

Nuts Market Size in SADC

In 2022, the SADC nuts market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption showed significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Nuts Production in SADC

In value terms, nuts production expanded slightly to $X in 2022 estimated in export price. In general, production enjoyed buoyant growth. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Tanzania (X tons) remains the largest nuts producing country in SADC, accounting for X% of total volume. Moreover, nuts production in Tanzania exceeded the figures recorded by the second-largest producer, Mozambique (X tons), threefold. South Africa (X tons) ranked third in terms of total production with a X% share.

In Tanzania, nuts production increased at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Mozambique (X% per year) and South Africa (X% per year).

In 2022, the average yield of nuts in SADC surged to X kg per ha, picking up by X% compared with the year before. Overall, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2015 to 2022, the growth of the nuts yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The nuts harvested area reached X ha in 2022, growing by X% compared with 2021. In general, the harvested area recorded a resilient increase. The most prominent rate of growth was recorded in 2018 when the harvested area increased by X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2019 to 2022, the growth of the nuts harvested area failed to regain momentum.

Nuts Exports

Exports in SADC

Nuts exports soared to X tons in 2022, increasing by X% compared with the year before. Overall, exports enjoyed resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, nuts exports shrank to $X in 2022. In general, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Tanzania was the main exporter of nuts in SADC, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. Mozambique (X tons) took the second position in the ranking, followed by South Africa (X tons). All these countries together took near X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to nuts exports from Tanzania stood at X%. At the same time, Mozambique (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. While the share of Mozambique (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (X p.p.) and Tanzania (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X), Tanzania ($X) and Mozambique ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, Mozambique, with a CAGR of X%, saw the highest rates of growth with regard to 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 2022, the export price in SADC amounted to $X per ton, falling by X% against the previous year. In general, the export price saw a slight setback. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (X%), while the other leaders experienced mixed trends in the export price figures.

Nuts Imports

Imports in SADC

In 2022, purchases abroad of nuts increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, nuts imports expanded markedly to $X in 2022. Over the period under review, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

South Africa prevails in imports structure, finishing at X tons, which was near X% of total imports in 2022. Malawi (X tons) held a little share of total imports.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Malawi (X%) displayed positive paces of growth. Moreover, Malawi emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. While the share of South Africa (X p.p.) and Malawi (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported nuts in SADC, comprising X% of total imports. The second position in the ranking was held by Malawi ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to X%.

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, falling by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while Malawi amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malawi (X%).

Source: IndexBox Platform

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