Africa: Market for Nuts (Prepared Or Preserved) 2024

Market Size for Nuts (Prepared Or Preserved) in Africa

In 2022, the African nuts (prepared or preserved) market decreased by X% to $X, falling for the second consecutive year after six years of growth. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Nuts (Prepared Or Preserved) in Africa

In value terms, nuts (prepared or preserved) production totaled $X in 2022 estimated in export price. The total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Nuts (Prepared Or Preserved)

Exports in Africa

In 2022, shipments abroad of nuts (prepared or preserved) increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, nuts (prepared or preserved) exports surged to $X in 2022. Overall, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, South Africa (X tons) represented the key exporter of nuts (prepared or preserved), generating X% of total exports. Ethiopia (X tons) ranks second in terms of the total exports with a X% share, followed by Swaziland (X%) and Egypt (X%). The following exporters - Morocco (X tons) and Tanzania (X tons) - each accounted for a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to nuts (prepared or preserved) exports from South Africa stood at X%. At the same time, Swaziland (X%), Ethiopia (X%), Tanzania (X%) and Egypt (X%) displayed positive paces of growth. Moreover, Swaziland emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Morocco experienced a relatively flat trend pattern. From 2012 to 2022, the share of South Africa, Ethiopia, Swaziland and Tanzania increased by X, X, X and X percentage points, respectively.

In value terms, South Africa ($X) remains the largest nuts (prepared or preserved) supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Egypt ($X), with a X% share of total exports. It was followed by Ethiopia, with a X% share.

In South Africa, nuts (prepared or preserved) exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Egypt (X% per year) and Ethiopia (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, waning by X% against the previous year. In general, the export price showed a perceptible decrease. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2015; however, from 2016 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 Morocco ($X per ton), while Swaziland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced more modest paces of growth.

Imports of Nuts (Prepared Or Preserved)

Imports in Africa

In 2022, nuts (prepared or preserved) imports in Africa surged to X tons, picking up by X% against the previous year's figure. Total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, nuts (prepared or preserved) imports rose markedly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 the immediate term.

Imports by Country

In 2022, South Africa (X tons) represented the key importer of nuts (prepared or preserved), creating X% of total imports. Morocco (X tons) ranks second in terms of the total imports with a X% share, followed by Tunisia (X%), Ethiopia (X%), Angola (X%) and Libya (X%). Somalia (X tons), Kenya (X tons), Egypt (X tons), Algeria (X tons) and Nigeria (X tons) followed a long way behind the leaders.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Ethiopia (X%), Somalia (X%), Nigeria (X%), Morocco (X%), Kenya (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Ethiopia emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Angola experienced a relatively flat trend pattern. By contrast, Egypt (X%), Libya (X%) and Algeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa, Morocco, Ethiopia, Somalia and Nigeria increased by X, X, X, X and X percentage points, respectively.

In value terms, South Africa ($X) constitutes the largest market for imported nuts (prepared or preserved) in Africa, comprising X% of total imports. The second position in the ranking was taken by Morocco ($X), with a X% share of total imports. It was followed by Ethiopia, with an X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa totaled X%. In the other countries, the average annual rates were as follows: Morocco (X% per year) and Ethiopia (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, which is down by X% against the previous year. Overall, the import price continues to indicate a slight descent. The pace of growth was the most pronounced in 2019 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ethiopia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform