W11 Macadamia Update: Exports in Australia Expected to Increase by 16% YoY, Positive Outlooks for Production and Exports in South Africa

Published 2024년 3월 22일

In W11 in the macadamia landscape, according to the AMS, Australia’s macadamia production is expected to increase by 16% YoY in the 2024 season, reaching 56 thousand mt (3.5% moisture content). This forecast is based on a scientific model and a positive outlook among growers. In addition, macadamia production in South Africa increased significantly by 13.44% YoY in 2023. The 2024 production forecast is 90.14 thousand as new plantings mature and start production. Lastly, South Africa's macadamia kernel exports exhibited a YoY increase of 1.15% in 2023, in contrast to the global trend of a 9% YoY decline.

Australia’s Macadamia Production Expected to Increase by 16% YoY in 2024

According to the Australian Macadamia Society (AMS), macadamia production in Australia is expected to increase by 16% year-on-year (YoY) for the 2024 season, reaching 56 thousand metric tons (mt) with a moisture content of 3.5% or 60 thousand mt with a moisture content of 10%. Despite recent rainfall and rising input costs, growth is expected due to favorable growing conditions and a positive outlook among growers. The official forecast is based on a scientific model from the Queensland Department of Agriculture and Fisheries and a review of historical crop yields after periods of low prices.

Macadamia Production in South Africa Expected to Reach 90 Thousand MT in 2024

South Africa’s Macadamia dry-nut-in-shell (DNIS) production reached 79.09 thousand mt in 2023, a significant increase of 13.44% YoY compared to 68.84 thousand mt in 2022. The production forecast for the 2024 season is 90.14 thousand mt. This increase is due to the new plantings reaching maturity and starting production. Superior crop quality and favoring pricing are anticipated due to the observed demand for DNIS and kernels.

South Africa's Macadamia Kernel Exports Show Slight 1.15% YoY Increase in 2023

In 2023, South Africa exported 12.55 thousand mt of macadamia kernels, which indicates a slight YoY increase of 1.15% compared to 12.36 thousand mt in 2022. South Africa has witnessed a consecutive YoY increase in macadamia exports, with a 6.5% increase from 2021 to 2022 and a further increase in 2023. This trend is opposite to the global trend, which experienced a 9% YoY decline of 9% YoY from 2022 to 2023.