Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in South Africa - 2023
Contents:
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in South Africa (CIF) - 2022
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in South Africa (FOB) - 2022
- Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in South Africa
- Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in South Africa
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in South Africa (CIF) - 2022
In 2022, the average import price for nuts, edible; cashew nuts, shelled, fresh or drieds amounted to $4,770 per ton, falling by -24.5% against the previous year. Over the period under review, the import price saw a noticeable decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by 31%. As a result, import price reached the peak level of $9,669 per ton. From 2018 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($8,186 per ton), while the price for Nigeria ($755 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in South Africa (FOB) - 2022
In 2022, the average export price for nuts, edible; cashew nuts, shelled, fresh or drieds amounted to $6,001 per ton, therefore, remained relatively stable against the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for nuts, edible; cashew nuts, shelled, fresh or drieds increased by +98.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 96%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($9,962 per ton), while the average price for exports to Lesotho ($2,675 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 Hong Kong SAR (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in South Africa
In 2022, purchases abroad of nuts, edible; cashew nuts, shelled, fresh or drieds was finally on the rise to reach 4K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports posted a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of nuts, edible; cashew nuts, shelled, fresh or drieds soared to $19M in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 5.4 | 5.1 | 6.8 | 8.6 | 16.8% |
| India | 1.2 | 0.2 | 1.5 | 3.1 | 37.2% |
| Mozambique | 7.5 | 5.1 | 3.8 | 2.8 | -28.0% |
| Cote d'Ivoire | 0.2 | 0.3 | 1.2 | 2.2 | 122.4% |
| Nigeria | N/A | N/A | N/A | 0.9 | 0% |
| Benin | 1.9 | 0.3 | 0.2 | 0.6 | -31.9% |
| Netherlands | N/A | N/A | 0.1 | 0.5 | 400.0% |
| Tanzania | 1.1 | 2.4 | N/A | N/A | 118.2% |
| Others | 1.1 | 0.7 | 0.7 | 0.4 | -28.6% |
| Total | 18.4 | 14.2 | 14.2 | 19.0 | 1.1% |
Top Suppliers of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried to South Africa in 2022:
- Vietnam (1395.1 tons)
- Nigeria (1167.6 tons)
- Mozambique (445.5 tons)
- India (374.6 tons)
- Cote d'Ivoire (372.0 tons)
- Netherlands (82.8 tons)
- Benin (81.4 tons)
- Tanzania (0.1 tons)
Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in South Africa
In 2022, shipments abroad of nuts, edible; cashew nuts, shelled, fresh or drieds decreased by -31.8% to 76 tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2020 when exports increased by 24% against the previous year. As a result, the exports reached the peak of 169 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of nuts, edible; cashew nuts, shelled, fresh or drieds reduced remarkably to $456K in 2022. In general, exports saw a abrupt setback. The growth pace was the most rapid in 2021 when exports increased by 29%. As a result, the exports reached the peak of $659K, and then shrank remarkably in the following year.
| Export of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Botswana | 177 | 136 | 213 | 169 | -1.5% |
| Vietnam | N/A | N/A | N/A | 96.9 | 0% |
| Namibia | 95.5 | 54.0 | 71.3 | 48.5 | -20.2% |
| Angola | N/A | 0.5 | 113 | 48.3 | 882.9% |
| Zambia | 43.8 | 20.7 | 23.6 | 20.5 | -22.4% |
| United Arab Emirates | 6.6 | 14.4 | 17.8 | 16.3 | 35.2% |
| Lesotho | 4.8 | 12.0 | 8.9 | 9.8 | 26.9% |
| Mozambique | 6.1 | 6.6 | 12.8 | 9.5 | 15.9% |
| Zimbabwe | 8.9 | 5.7 | 15.9 | 4.1 | -22.8% |
| Netherlands | 121 | N/A | 144 | N/A | 9.1% |
| Turkey | 99.3 | 238 | N/A | N/A | 139.7% |
| Others | 32.0 | 23.7 | 39.0 | 32.8 | 0.8% |
| Total | 595 | 511 | 659 | 456 | -8.5% |
Top Export Markets for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried from South Africa in 2022:
- Botswana (29.0 tons)
- Vietnam (16.2 tons)
- Namibia (8.4 tons)
- Angola (6.3 tons)
- Lesotho (3.7 tons)
- United Arab Emirates (2.8 tons)
- Zambia (2.1 tons)
- Mozambique (2.1 tons)
- Zimbabwe (1.5 tons)
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