Price for Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in South Africa - 2023
Contents:
- Price for Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in South Africa (CIF) - 2022
- Price for Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in South Africa (FOB) - 2022
- Imports of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in South Africa
- Exports of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in South Africa
Price for Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in South Africa (CIF) - 2022
The average import price for oil seeds; cotton seeds, seed, whether or not broken stood at $246 per ton in 2022, increasing by 22% against the previous year. Over the period under review, the import price posted a modest expansion. The most prominent rate of growth was recorded in 2015 an increase of 74%. As a result, import price reached the peak level of $384 per ton. From 2016 to 2022, the average import prices failed to regain momentum.
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 Swaziland ($293 per ton), while the price for Mozambique ($192 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in South Africa (FOB) - 2022
The average export price for oil seeds; cotton seeds, seed, whether or not broken stood at $2,827 per ton in 2022, picking up by 19% against the previous year. In general, the export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 143% against the previous year. The export price peaked at $5,919 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Swaziland ($10,500 per ton), while the average price for exports to Uganda ($2,509 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 Malawi (+68.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in South Africa
After two years of decline, purchases abroad of oil seeds; cotton seeds, seed, whether or not broken increased by 3.4% to 12K tons in 2022. In general, imports, however, continue to indicate a deep downturn.
In value terms, imports of oil seeds; cotton seeds, seed, whether or not broken surged to $3M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 28% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.
| Import of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malawi | 377 | 415 | 893 | 1,681 | 64.6% |
| Mozambique | 1,283 | 717 | 1,329 | 635 | -20.9% |
| Zambia | 368 | 533 | 66.1 | 514 | 11.8% |
| Swaziland | 134 | 162 | 68.7 | 136 | 0.5% |
| Others | 5.6 | 29.1 | 14.5 | 27.4 | 69.8% |
| Total | 2,167 | 1,855 | 2,372 | 2,993 | 11.4% |
Top Suppliers of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken to South Africa in 2022:
- Malawi (6.3K tons)
- Mozambique (3.3K tons)
- Zambia (1.9K tons)
- Swaziland (0.5K tons)
Exports of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in South Africa
After three years of growth, shipments abroad of oil seeds; cotton seeds, seed, whether or not broken decreased by -83.3% to 4.5 tons in 2022. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 867%. As a result, the exports reached the peak of 27 tons, and then fell rapidly in the following year.
In value terms, exports of oil seeds; cotton seeds, seed, whether or not broken dropped notably to $13K in 2022. Overall, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 462% against the previous year. As a result, the exports reached the peak of $64K, and then fell significantly in the following year.
| Export of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | N/A | N/A | N/A | 10.0 | 0% |
| Botswana | 4.3 | 4.9 | 4.4 | 2.7 | -14.4% |
| Mozambique | N/A | N/A | 41.5 | N/A | 0% |
| Namibia | N/A | 5.7 | 0.2 | N/A | -96.5% |
| Zimbabwe | N/A | N/A | 18.1 | N/A | 0% |
| Others | 3.8 | 0.8 | N/A | N/A | -78.9% |
| Total | 8.1 | 11.4 | 64.3 | 12.8 | 16.5% |
Top Export Markets for Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken from South Africa in 2022:
- Uganda (4.0 tons)
- Botswana (0.5 tons)
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