Report Update May 1, 2025

Republic of Korea - Brazil Nuts - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Brazil Nut Market 2025

Brazil Nut Market Size in Republic of Korea

In 2021, the South Korean brazil nut market decreased by -25.2% to $X for the first time since 2016, thus ending a four-year rising trend. In general, consumption, however, saw a resilient expansion. As a result, consumption reached the peak level of $X, and then contracted significantly in the following year.

Brazil Nut Exports

Exports from Republic of Korea

In 2021, approx. X kg of brazil nuts were exported from South Korea; picking up by 80% on the year before. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, brazil nut exports soared to $X in 2021. Over the period under review, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X kg) was the main destination for brazil nut exports from South Korea, accounting for a approx. 100% share of total exports.

From 2019 to 2021, the average annual growth rate of volume to the United States was relatively modest.

In value terms, the United States ($X) emerged as the key foreign market for brazil nut exports from South Korea.

From 2019 to 2021, the average annual growth rate of value to the United States was relatively modest.

Export Prices by Country

In 2021, the average brazil nut export price amounted to $X per ton, approximately mirroring the previous year. In general, the export price continues to indicate a mild slump. Over the period under review, the average export prices attained the maximum at $X per ton in 2020, and then declined slightly in the following year.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2020 to 2021, the rate of growth in terms of prices for the United States amounted to 0.0% per year.

Brazil Nut Imports

Imports into Republic of Korea

In 2021, after four years of growth, there was significant decline in purchases abroad of brazil nuts, when their volume decreased by -30% to X tons. In general, imports, however, enjoyed notable growth. The growth pace was the most rapid in 2020 when imports increased by 135% against the previous year. As a result, imports attained the peak of X tons, and then fell sharply in the following year.

In value terms, brazil nut imports fell markedly to $X in 2021. Overall, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by 106% against the previous year. As a result, imports attained the peak of $X, and then contracted remarkably in the following year.

Imports by Country

In 2021, Canada (X tons) was the main supplier of brazil nut to South Korea, accounting for a approx. 99.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Canada amounted to +3.3%.

In value terms, Canada ($X) constituted the largest supplier of brazil nut to South Korea.

From 2012 to 2021, the average annual rate of growth in terms of value from Canada stood at +15.0%.

Import Prices by Country

In 2021, the average brazil nut import price amounted to $X per ton, rising by 9% against the previous year. Overall, the import price posted a prominent increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by 48%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Canada.

From 2012 to 2021, the rate of growth in terms of prices for Canada amounted to +11.2% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for brazil nuts in the world?

The countries with the highest volumes of brazil nut consumption in 2021 were Bolivia, Brazil and Indonesia, together comprising 71% of global consumption. Peru, Spain, Afghanistan and Benin lagged somewhat behind, together accounting for a further 19%.

What are the largest producers of brazil nuts in the world?

The countries with the highest volumes of brazil nut production in 2021 were Brazil, Bolivia and Indonesia, together accounting for 76% of global production. These countries were followed by Peru, Afghanistan, Spain and Benin, which together accounted for a further 18%.

What are the leading suppliers of brazil nuts to Republic of Korea?

In value terms, Peru and the United States constituted the largest brazil nut suppliers to South Korea.

What is the average export price for brazil nuts in Republic of Korea?

In 2020, the average brazil nut export price amounted to $4,516 per ton, stabilizing at the previous year.

What is the average import price for brazil nuts in Republic of Korea?

In 2020, the average brazil nut import price amounted to $7,486 per ton, almost unchanged from the previous year.

This report provides an in-depth analysis of the brazil nut market in Republic of Korea. 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 216 - Brazil nuts

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Area Harvested, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024