Scandinavia: Brazil Nut Market 2025

Brazil Nut Market Size in Scandinavia

The Scandinavia brazil nut market dropped to $X in 2021, which is down by -5.4% against the previous year. Over the period under review, consumption enjoyed a pronounced increase. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Brazil Nut Production in Scandinavia

In value terms, brazil nut production dropped to $X in 2021 estimated in export price. The total production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +35.7% against 2012 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 41%. As a result, production attained the peak level of $X, and then fell in the following year.

The country with the largest volume of brazil nut production was Sweden (X tons), accounting for 94% of total volume. Moreover, brazil nut production in Sweden exceeded the figures recorded by the second-largest producer, Denmark (X tons), more than tenfold.

In Sweden, brazil nut production remained relatively stable over the period from 2012-2021.

Brazil Nut Exports

Exports in Scandinavia

Brazil nut exports surged to X tons in 2021, jumping by 390% on 2020 figures. In general, exports, however, recorded a sharp contraction. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, brazil nut exports soared to $X in 2021. Overall, exports, however, recorded a sharp shrinkage. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Denmark was the largest exporting country with an export of around X tons, which accounted for 68% of total exports. It was distantly followed by Finland (X tons), achieving a 31% share of total exports.

Denmark was also the fastest-growing in terms of the brazil nuts exports, with a CAGR of +153.4% from 2012 to 2021. At the same time, Finland (+40.9%) displayed positive paces of growth. Denmark (+68 p.p.) and Finland (+31 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) emerged as the largest brazil nut supplier in Scandinavia, comprising 69% of total exports. The second position in the ranking was taken by Finland ($X), with a 30% share of total exports.

In Denmark, brazil nut exports increased at an average annual rate of +113.4% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, with an increase of 14% against the previous year. Overall, the export price recorded a relatively flat trend pattern. Over the period under review, the export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Denmark ($X per ton), while Finland amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+6.1%).

Brazil Nut Imports

Imports in Scandinavia

In 2021, brazil nut imports in Scandinavia soared to X tons, jumping by 45% compared with the previous year. Total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +85.6% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of 68%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, brazil nut imports soared to $X in 2021. Total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +64.4% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Finland was the key importer of brazil nuts in Scandinavia, with the volume of imports amounting to X tons, which was approx. 78% of total imports in 2021. It was distantly followed by Sweden (X tons) and Iceland (X tons), together constituting a 21% share of total imports.

Finland was also the fastest-growing in terms of the brazil nuts imports, with a CAGR of +98.2% from 2012 to 2021. Iceland (-2.2%) and Sweden (-9.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Finland increased by +78 percentage points.

In value terms, Finland ($X) constitutes the largest market for imported brazil nuts in Scandinavia, comprising 61% of total imports. The second position in the ranking was taken by Iceland ($X), with a 24% share of total imports.

In Finland, brazil nut imports increased at an average annual rate of +90.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Iceland (+11.8% per year) and Sweden (-6.0% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, rising by 9.2% against the previous year. Import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, brazil nut import price decreased by -17.1% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 51%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iceland (+14.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform