Portugal: Hazelnut Market 2025

Hazelnut Market Size in Portugal

The Portuguese hazelnut market dropped markedly to $X in 2021, with a decrease of -18.7% against the previous year. Over the period under review, consumption recorded a noticeable curtailment. Hazelnut consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Hazelnut Production in Portugal

In value terms, hazelnut production contracted significantly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2020 when the production volume increased by 88% against the previous year. Hazelnut production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

The average yield of hazelnuts in Portugal reached X kg per ha in 2021, growing by 2.4% on the previous year. Over the period under review, the yield, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 12% against the previous year. The hazelnut yield peaked at X kg per ha in 2015; however, from 2016 to 2021, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the harvested area of hazelnuts in Portugal stood at X ha, approximately equating the previous year. Overall, the harvested area saw a perceptible decrease. The most prominent rate of growth was recorded in 2013 with an increase of 1% against the previous year. The hazelnut harvested area peaked at X ha in 2015; however, from 2016 to 2021, the harvested area stood at a somewhat lower figure.

Hazelnut Exports

Exports from Portugal

In 2021, shipments abroad of hazelnuts decreased by -26.4% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2019 when exports increased by 3,871% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, hazelnut exports contracted dramatically to $X in 2021. In general, exports showed a pronounced downturn. The pace of growth appeared the most rapid in 2019 with an increase of 1,172%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X kg), Denmark (X kg) and Cabo Verde (X kg) were the main destinations of hazelnut exports from Portugal, with a combined 83% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +70.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hazelnut exported from Portugal were Germany ($X), Denmark ($X) and Cabo Verde ($X), together comprising 81% of total exports.

Germany, with a CAGR of +71.8%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average hazelnut export price amounted to $X per ton, waning by -11.4% against the previous year. Overall, the export price, however, continues to indicate noticeable growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 97% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (+23.9%), while the prices for the other major destinations experienced more modest paces of growth.

Hazelnut Imports

Imports into Portugal

In 2021, approx. X tons of hazelnuts were imported into Portugal; falling by -65.4% compared with 2020 figures. Overall, imports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2013 with an increase of 176% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, hazelnut imports declined remarkably to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 126% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest hazelnut supplier to Portugal, with a 73% share of total imports. Moreover, hazelnut imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. Germany (X kg) ranked third in terms of total imports with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+15.5% per year) and Germany (-9.3% per year).

In value terms, Spain ($X) constituted the largest supplier of hazelnut to Portugal, comprising 70% of total imports. The second position in the ranking was held by Italy ($X), with a 13% share of total imports. It was followed by France, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+22.7% per year) and France (-20.3% per year).

Import Prices by Country

In 2021, the average hazelnut import price amounted to $X per ton, picking up by 23% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hazelnut import price increased by +51.4% against 2018 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 44% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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