Report Update Nov 1, 2024

Puerto Rico - Hazelnuts - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Hazelnut Market 2024

Hazelnut Exports

Exports by Country

In 2021, the United States (X tons) represented the major exporter of hazelnuts, creating 52% of total exports. Georgia (X tons) ranks second in terms of the total exports with a 15% share, followed by Spain (6.9%), France (6.8%), Hong Kong SAR (1.1%) and Chile (1.3%). Poland (X tons), Turkey (X tons) and Azerbaijan (X tons) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to hazelnut exports from the United States stood at -2.6%. At the same time, Poland (+44.2%), Spain (+36.6%), Azerbaijan (+34.3%), Georgia (+15.6%), Turkey (+2.9%) and France (+1.2%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the world, with a CAGR of +44.2% from 2012-2021. By contrast, Chile (-22.2%) and Hong Kong SAR (-32.9%) illustrated a downward trend over the same period. Georgia (+12 p.p.), Spain (+6.6 p.p.), the United States (+4.6 p.p.), Poland (+4 p.p.), France (+2.4 p.p.), Azerbaijan (+2.2 p.p.) and Turkey (+1.8 p.p.) significantly strengthened its position in terms of the global exports, while Chile and Hong Kong SAR saw its share reduced by -7.6% and -28.6% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest hazelnut supplier from Puerto Rico, comprising 58% of global exports. The second position in the ranking was held by Georgia ($X), with a 10% share of global exports. It was followed by Spain, with a 10% share.

In the United States, hazelnut exports remained relatively stable over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Georgia (+17.8% per year) and Spain (+45.7% per year).

Hazelnut Imports

Imports by Country

Vietnam (X tons), China (X tons) and Italy (X tons) represented roughly 69% of total imports in 2021. It was distantly followed by Canada (X tons), committing a 9.6% share of total imports. Germany (X tons), Spain (X tons), Russia (X tons), Hong Kong SAR (X tons) and Taiwan (Chinese) (less than X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +47.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hazelnut importing markets into Puerto Rico were Vietnam ($X), Canada ($X) and China ($X), together accounting for 67% of total imports.

In terms of the main importing countries, China, with a CAGR of +47.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hazelnuts in the world?

The country with the largest volume of hazelnut consumption was Turkey, accounting for 66% of total volume. Moreover, hazelnut consumption in Turkey exceeded the figures recorded by the second-largest consumer, Italy, sixfold. China ranked third in terms of total consumption with a 5.9% share.

What are the largest producers of hazelnuts in the world?

Turkey constituted the country with the largest volume of hazelnut production, accounting for 67% of total volume. Moreover, hazelnut production in Turkey exceeded the figures recorded by the second-largest producer, Italy, sevenfold. China ranked third in terms of total production with a 5% share.

What are the leading suppliers of hazelnuts to Puerto Rico?

In value terms, the largest hazelnut importing markets into Puerto Rico were Canada, China and Vietnam, with a combined 57% share of total imports.

What are the leading importers of hazelnuts from Puerto Rico?

In value terms, the United States remains the largest hazelnut supplier from Puerto Rico, comprising 68% of global exports. The second position in the ranking was occupied by Hong Kong SAR, with an 8.1% share of global exports. It was followed by France, with a 7.5% share.

What is the average export price for hazelnuts in Puerto Rico?

In 2020, the hazelnut export price in Puerto Rico amounted to $less than 0.1 per ton, leveling off at the previous year.

What is the average import price for hazelnuts in Puerto Rico?

In 2020, the hazelnut import price in Puerto Rico amounted to $less than 0.1 per ton, remaining constant against the previous year.

This report provides an in-depth analysis of the hazelnut market in Puerto Rico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 225 - Hazelnuts (Filberts)

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023