Peach And Nectarine Market Overview in South Africa
In value terms, peach and nectarine production dropped to $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2012 with an increase of % y-o-y. Peach and nectarine production peaked at $ in 2015; however, from 2016 to 2019, production failed to regain the momentum.
The average yield of peaches and nectarines in South Africa reached tonnes per ha in 2019, remaining constant against 2018 figures. The yield figure increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2010 with an increase of % y-o-y. Over the period under review, the average peach and nectarine yield hit record highs in 2019 and is expected to retain growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
The peach and nectarine harvested area in South Africa contracted modestly to ha in 2019, with a decrease of -% on 2018 figures. Overall, the harvested area saw a noticeable downturn. The growth pace was the most rapid in 2015 with an increase of % y-o-y. Over the period under review, the harvested area dedicated to peach and nectarine production attained the maximum at ha in 2008; however, from 2009 to 2019, the harvested area failed to regain the momentum.
The size of the peach and nectarine market in South Africa fell to $ in 2019, shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when the market value increased by % y-o-y. Peach and nectarine consumption peaked at $ in 2017; however, from 2018 to 2019, consumption stood at a somewhat lower figure.