Asia: Shelled Hazelnut Market 2024

Shelled Hazelnut Market Size in Asia

The Asian shelled hazelnut market rose markedly to $X in 2021, surging by 15% against the previous year. The total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.7% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Shelled Hazelnut Production in Asia

In value terms, shelled hazelnut production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the production volume increased by 55%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Shelled Hazelnut Exports

Exports in Asia

In 2021, shelled hazelnut exports in Asia rose to X tons, increasing by 3.5% on 2020. The total export volume increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 13% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the near future.

In value terms, shelled hazelnut exports expanded notably to $X in 2021. Total exports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +27.9% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 29%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey prevails in exports structure, resulting at X tons, which was near 82% of total exports in 2021. Azerbaijan (X tons) took the second position in the ranking, followed by Georgia (X tons). All these countries together held approx. 17% share of total exports.

Turkey experienced a relatively flat trend pattern with regard to volume of exports of shelled hazelnuts. At the same time, Azerbaijan (+6.7%) and Georgia (+1.9%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing exporter exported in Asia, with a CAGR of +6.7% from 2012-2021. Azerbaijan (+3.4 p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by -4.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest shelled hazelnut supplier in Asia, comprising 84% of total exports. The second position in the ranking was held by Azerbaijan ($X), with a 7.8% share of total exports.

In Turkey, shelled hazelnut exports increased at an average annual rate of +1.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Azerbaijan (+10.1% per year) and Georgia (+2.1% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, growing by 2.3% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 46% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Georgia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (+3.2%), while the other leaders experienced more modest paces of growth.

Shelled Hazelnut Imports

Imports in Asia

In 2021, overseas purchases of shelled hazelnuts were finally on the rise to reach X tons after two years of decline. Total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 92%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, shelled hazelnut imports soared to $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +10.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 57%. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons), distantly followed by the United Arab Emirates (X tons), Turkey (X tons), Armenia (X tons), Israel (X tons), Japan (X tons), Saudi Arabia (X tons) and Georgia (X tons) represented the major importers of shelled hazelnuts, together committing 82% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Armenia (with a CAGR of +49.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported shelled hazelnuts in Asia, comprising 35% of total imports. The second position in the ranking was taken by Turkey ($X), with an 11% share of total imports. It was followed by the United Arab Emirates, with an 8.8% share.

In China, shelled hazelnut imports increased at an average annual rate of +31.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (+10.4% per year) and the United Arab Emirates (+28.0% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, approximately reflecting the previous year. Import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, shelled hazelnut import price increased by +14.2% against 2018 indices. The growth pace was the most rapid in 2015 an increase of 80% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Georgia (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform