Africa: Almond Market 2024

Almond Market Size in Africa

In 2022, the African almond market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2021, and then contracted modestly in the following year.

Almond Production in Africa

In value terms, almond production expanded rapidly to $X in 2022 estimated in export price. The total production indicated a notable expansion 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 appeared the most rapid in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

The country with the largest volume of almond production was Morocco (X tons), comprising approx. X% of total volume. Moreover, almond production in Morocco exceeded the figures recorded by the second-largest producer, Tunisia (X tons), twofold. Algeria (X tons) ranked third in terms of total production with a X% share.

In Morocco, almond production increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Tunisia (X% per year) and Algeria (X% per year).

In 2022, the average almond yield in Africa contracted to X kg per ha, leveling off at 2021 figures. Over the period under review, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the yield increased by X% against the previous year. The level of yield peaked at X kg per ha in 2021, and then contracted modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The almond harvested area shrank modestly to X ha in 2022, waning by X% compared with 2021 figures. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha, and then declined slightly in the following year.

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Almond Exports

Exports in Africa

In 2022, almond exports in Africa soared to X tons, picking up by X% on 2021 figures. In general, exports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, almond exports skyrocketed to $X in 2022. Overall, exports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Tunisia dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2022. South Africa (X tons) held the second position in the ranking, followed by Mozambique (X tons). All these countries together took approx. X% share of total exports.

Exports from Tunisia increased at an average annual rate of X% from 2012 to 2022. At the same time, South Africa (X%) and Mozambique (X%) displayed positive paces of growth. Moreover, South Africa emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Tunisia, South Africa and Mozambique increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest almond supplying countries in Africa were Tunisia ($X), South Africa ($X) and Mozambique ($X), together comprising X% of total exports.

South Africa, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price posted strong growth. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced mixed trends in the export price figures.

Almond Imports

Imports in Africa

In 2022, approx. X tons of almonds were imported in Africa; increasing by X% on the year before. In general, imports continue to indicate prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, almond imports surged to $X in 2022. Overall, imports recorded a perceptible expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Nigeria (X tons) represented the largest importer of almonds, generating X% of total imports. It was distantly followed by Libya (X tons), comprising a X% share of total imports. Egypt (X tons) and South Africa (X tons) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the almonds imports, with a CAGR of X% from 2012 to 2022. At the same time, Libya (X%) and South Africa (X%) displayed positive paces of growth. By contrast, Egypt (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria increased by X percentage points.

In value terms, Nigeria ($X) constitutes the largest market for imported almonds in Africa, comprising X% of total imports. The second position in the ranking was taken by Libya ($X), with a X% share of total imports. It was followed by Egypt, with a X% share.

In Nigeria, almond imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Libya (X% per year) and Egypt (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price showed a deep contraction. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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