Scandinavia: Hazelnut Market 2025

Hazelnut Market Size in Scandinavia

For the third consecutive year, the Scandinavia hazelnut market recorded decline in sales value, which decreased by -0.5% to $X in 2021. In general, consumption showed a noticeable slump. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Hazelnut Production in Scandinavia

In value terms, hazelnut production totaled $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 53% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Denmark (X tons) remains the largest hazelnut producing country in Scandinavia, accounting for 100% of total volume.

In Denmark, hazelnut production contracted by an average annual rate of -3.1% over the period from 2012-2021.

Hazelnut Exports

Exports in Scandinavia

In 2021, shipments abroad of hazelnuts was finally on the rise to reach X tons after three years of decline. In general, exports showed a tangible expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 204% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, hazelnut exports surged to $X in 2021. Overall, exports posted a pronounced increase. The pace of growth appeared the most rapid in 2017 with an increase of 241%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Sweden was the largest exporter of hazelnuts in Scandinavia, with the volume of exports accounting for X tons, which was approx. 61% of total exports in 2021. It was distantly followed by Norway (X tons) and Denmark (X tons), together making up a 38% share of total exports.

Sweden was also the fastest-growing in terms of the hazelnuts exports, with a CAGR of +36.9% from 2012 to 2021. At the same time, Norway (+28.9%) displayed positive paces of growth. By contrast, Denmark (-16.5%) illustrated a downward trend over the same period. While the share of Sweden (+57 p.p.) and Norway (+20 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Denmark (-77.3 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest hazelnut supplier in Scandinavia, comprising 58% of total exports. The second position in the ranking was held by Norway ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden stood at +50.1%. In the other countries, the average annual rates were as follows: Norway (+29.2% per year) and Denmark (-14.9% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, waning by -4.3% against the previous year. Export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hazelnut export price increased by +22.6% against 2019 indices. The growth pace was the most rapid in 2014 when the export price increased by 41% against the previous year. Over the period under review, the export prices attained the peak figure 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, the country with the highest price was Denmark ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+9.7%), while the other leaders experienced more modest paces of growth.

Hazelnut Imports

Imports in Scandinavia

For the third year in a row, Scandinavia recorded decline in purchases abroad of hazelnuts, which decreased by -2.9% to X tons in 2021. In general, imports saw a deep slump. The pace of growth was the most pronounced in 2018 with an increase of 14% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, hazelnut imports expanded to $X in 2021. Over the period under review, imports recorded a noticeable setback. The growth pace was the most rapid in 2014 with an increase of 54% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of hazelnuts, namely Norway, Denmark and Sweden, represented more than two-thirds of total import. It was distantly followed by Iceland (X tons), committing an 8.6% share of total imports. Finland (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were in Finland (with a CAGR of +20.1%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest hazelnut importing markets in Scandinavia were Denmark ($X), Norway ($X) and Sweden ($X), together accounting for 86% of total imports. These countries were followed by Iceland and Finland, which together accounted for a further 14%.

Finland, with a CAGR of +27.6%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, picking up by 4.8% against the previous year. Import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +4.2% 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 +12.4% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the import price increased by 47%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood 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 Finland ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform