Price for Nuts, Edible; Almonds, Fresh or Dried, Shelled in South Africa - 2024
Contents:
- Price for Nuts, Edible; Almonds, Fresh or Dried, Shelled in South Africa (CIF) - 2024
- Price for Nuts, Edible; Almonds, Fresh or Dried, Shelled in South Africa (FOB) - 2024
- Imports of Nuts, Edible; Almonds, Fresh or Dried, Shelled in South Africa
- Exports of Nuts, Edible; Almonds, Fresh or Dried, Shelled in South Africa
Price for Nuts, Edible; Almonds, Fresh or Dried, Shelled in South Africa (CIF) - 2024
The average import price for nuts, edible; almonds, fresh or dried, shelleds stood at $4,167 per ton in July 2023, which is down by -7.6% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 when the average import price increased by 49% month-to-month. As a result, import price attained the peak level of $4,508 per ton, and then shrank in the following month.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Spain ($4,990 per ton), while the price for the United States totaled $4,128 per ton.
From January 2023 to July 2023, the most notable rate of growth in terms of prices was attained by Spain (+0.9%).
Price for Nuts, Edible; Almonds, Fresh or Dried, Shelled in South Africa (FOB) - 2024
The average export price for nuts, edible; almonds, fresh or dried, shelleds stood at $5,227 per ton in July 2023, stabilizing at the previous month. In general, the export price showed a slight setback. The pace of growth appeared the most rapid in June 2023 an increase of 7.8% month-to-month. Over the period under review, the average export prices attained the maximum at $6,237 per ton in February 2023; however, from March 2023 to July 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Russia.
From January 2023 to July 2023, the rate of growth in terms of prices for the Netherlands amounted to +54.4% per month.
Imports of Nuts, Edible; Almonds, Fresh or Dried, Shelled in South Africa
In 2022, after two years of decline, there was significant growth in purchases abroad of nuts, edible; almonds, fresh or dried, shelleds, when their volume increased by 84% to 5.3K tons. Over the period under review, imports posted a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of nuts, edible; almonds, fresh or dried, shelleds soared to $25M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +7.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Nuts, Edible; Almonds, Fresh or Dried, Shelled in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 17.1 | 14.3 | 11.9 | 22.3 | 9.3% |
| Australia | 1.0 | 2.1 | 0.9 | 2.0 | 26.0% |
| Spain | 2.2 | 1.3 | 0.3 | 0.8 | -28.6% |
| Others | 0.1 | N/A | 0.1 | 0.3 | 44.2% |
| Total | 20.4 | 17.7 | 13.3 | 25.4 | 7.6% |
Top Suppliers of Nuts, Edible; Almonds, Fresh or Dried, Shelled to South Africa in 2022:
- United States (4.7K tons)
- Australia (0.4K tons)
- Spain (0.1K tons)
Exports of Nuts, Edible; Almonds, Fresh or Dried, Shelled in South Africa
For the fourth consecutive year, South Africa recorded growth in shipments abroad of nuts, edible; almonds, fresh or dried, shelleds, which increased by 209% to 2.2K tons in 2022. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 419%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of nuts, edible; almonds, fresh or dried, shelleds soared to $14M in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 706%. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Nuts, Edible; Almonds, Fresh or Dried, Shelled in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | 2.0 | 2.6 | 10.5 | 129.1% |
| Netherlands | N/A | 0.2 | 0.2 | 1.6 | 182.8% |
| United Kingdom | N/A | N/A | N/A | 1.4 | 0% |
| Namibia | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Botswana | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.1 | 0.3 | 0.6 | 0.3 | 44.2% |
| Total | 0.3 | 2.8 | 3.6 | 14.0 | 260.0% |
Top Export Markets for Nuts, Edible; Almonds, Fresh or Dried, Shelled from South Africa in 2022:
- Russia (1777.0 tons)
- Netherlands (229.8 tons)
- United Kingdom (130.2 tons)
- Botswana (18.9 tons)
- Namibia (16.4 tons)
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