Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in South Africa - 2024

Contents:

1. Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in South Africa (FOB) - 2022
2. Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in South Africa (CIF) - 2022
3. Exports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in South Africa
4. Imports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in South Africa

Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in South Africa (FOB) - 2022

The average export price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell stood at $1,562 per ton in 2022, surging by 2.6% against the previous year. In general, the export price, however, showed a pronounced downturn. The pace of growth appeared the most rapid in 2015 an increase of 164% against the previous year. Over the period under review, the average export prices hit record highs at $2,401 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Namibia ($2,553 per ton), while the average price for exports to Mozambique ($410 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 Taiwan (Chinese) (+56.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in South Africa (CIF) - 2022

The average import price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell stood at $445 per ton in 2022, increasing by 38% against the previous year. Overall, the import price, however, continues to indicate a abrupt downturn. Over the period under review, average import prices attained the peak figure at $1,097 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2,260 per ton), while the price for Malawi ($355 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malawi (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in South Africa

In 2022, the amount of ground-nuts; other than seed, not roasted or otherwise cooked, in shell exported from South Africa skyrocketed to 176 tons, increasing by 21% against the year before. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +14.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -0.2% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 50% against the previous year. As a result, the exports attained the peak of 177 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell soared to $275K in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +28.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +110.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 62% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the immediate term.

Top Export Markets for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell from South Africa in 2022:

1. Lesotho (92.2 tons)
2. Mozambique (60.6 tons)
3. Botswana (19.8 tons)
4. Swaziland (0.7 tons)

Imports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in South Africa

In 2022, overseas purchases of ground-nuts; other than seed, not roasted or otherwise cooked, in shell decreased by -58.1% to 545 tons, falling for the second year in a row after two years of growth. In general, imports saw a precipitous decrease. The pace of growth was the most pronounced in 2020 when imports increased by 24%. As a result, imports reached the peak of 1.5K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell fell notably to $243K in 2022. Overall, imports faced a precipitous decrease. The smallest decline of -5.8% was in 2020.

Top Suppliers of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell to South Africa in 2022:

1. Malawi (365.6 tons)
2. Namibia (122.9 tons)
3. Mozambique (44.1 tons)
4. China (11.5 tons)
5. India (0.5 tons)

Source: IndexBox Market Intelligence Platform