What is the price of macadamia nuts per kilogram/pound in South Africa today?
The retail price range for South Africa macadamia nuts is between US$ 17.52 and US$ 28.92 per kilogram or between US$ 7.95 and US$ 13.12 per pound(lb). Click here to see today's exact prices of macadamia nuts in South Africa
The retail price range in Rand for macadamia nuts is between ZAR 340.47 and ZAR 561.97 per kilogram or between ZAR 154.41 and ZAR 254.86 per pound(lb) in Johannesburg and Cape Town.
In 2023, the approximate wholesale price range for South Africa macadamia nuts is between US$ 12.27 and US$ 20.25 per kilogram or between US$ 5.56 and US$ 9.18 per pound(lb).
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South Africa Macadamia Nuts Export Prices - Historical, Trends and Prediction
The export price per kilogram of Macadamia Nuts from South Africa has seen a steady increase over the last five years. In 2018, the price was 4.88 US dollars per kg, and in 2019 it was 4.42 US dollars per kg. The highest price was in 2020, when it was 5.92 US dollars per kg. The lowest price was in 2013, when it was 6.72 US dollars per kg. Based on this data, it is predicted that the export price per kilogram of Macadamia Nuts from South Africa in 2023 will be 8.91 US dollars per kg, and in 2024 it will be 9.34 US dollars per kg.
South Africa Macadamia Nuts Import Prices - Historical, Trends and Prediction
The import price per kilogram of Macadamia Nuts into South Africa has been fluctuating over the past five years. In 2016, the price was 8.50 US dollars per kg, which was the highest in the five year period. In 2017, the price dropped to 8.14 US dollars per kg, and then rose again to 8.90 US dollars per kg in 2018. In 2019, the price dropped to 8.46 US dollars per kg, and then rose again to 9.34 US dollars per kg in 2020. The most recent data shows that the price has risen to 10.15 US dollars per kg in 2021.
Based on the data, it is predicted that the import price per kilogram of Macadamia Nuts into South Africa will continue to rise in the next two years. It is expected that the price will reach 11.00 US dollars per kg in 2023 and 11.90 US dollars per kg in 2024.
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Export values for South Africa macadamia nuts
The total values in export for macadamia nuts in South Africa were US$ 185,235, US$ 246,946, US$ 312,380 and US$ 316,734 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
South Africa is a top exporter of macadamia nuts
South Africa exported 227 million worth of macadamia nuts in 2021, and ranked first globally. According to ITC, South Africa shipped macadamia nuts-in-shell, excluding shelled, worth $110.38 million in 2022.
Oversupply cools South Africa’s macadamia prices in 2023
The top story related to macadamia in 2023 was the fall of prices in April, amid oversupply. Analysts announced that consumer prices were heading towards R218 ($12) per kg in the course of the year. This is even as producer prices were falling by as much as $3.25 per kilo from the 2021-22 period.
Prices in supermarkets and online stores
Current prices: Lowest-R333 ($17.80) per kg. Highest-R110 per 200 g or R550 ($29.38) per kg.
In late 2023, online stores were selling raw macadamia nuts from at least R333 ($17.80) per kg. The maximum prices has been hovering around R62.99 per 100 grams or R623 ($33.32) per kg.
Supermarkets such as Checkers Hypermarket lured customers with their promo deals of R340 per kilo or R3.40 per 100g in the course of 2023.
South Africa’s roasted and salted macadamia nuts also cost the same as above.
Branded nuts from various companies such as Smartbite and Pecan cost twice those of conventional packages. The nuts are available in small packages of 32g and 200g.
South Africa macadamia nut grades
While transacting, it is is good to know that South Africa macadamia nuts have seven international grades. According to Nutcracker company, the top three grades include:
1. Style O/AA1. These are thicker than 20mm and almost all are whole.
2. Style 1/AA2. These have thicknesses between 16 and 20mm and 95% are whole.
3. Style 2/AW3. These include nuts 13mm thick, with 50% whole pieces.
The rest of the grades range from 13mm thick for the fourth grade, to chips as little as 3mm thick for the lowest grade.