
Canada - Hazelnuts - Market Analysis, Forecast, Size, Trends and Insights
Hazelnut Price in Canada Continues its Downward Trend, Bottoming at $7.6K per Ton
Canada Hazelnut Import Price per Ton in July 2022
In July 2022, the hazelnut price per ton stood at $7.6K (CIF, Canada), dropping by -8.5% against the previous month. Over the period under review, the import price saw a mild slump. The pace of growth appeared the most rapid in June 2022 an increase of 8% against the previous month. Over the period under review, average import prices hit record highs at $8.7K per ton in February 2022; however, from March 2022 to July 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From January 2022 to July 2022, the rate of growth in terms of prices for the United States amounted to -1.9% per month.
Canada Hazelnut Imports
In July 2022, purchases abroad of hazelnuts decreased by -27% to 3.7 tons for the first time since April 2022, thus ending a two-month rising trend. In general, imports faced a precipitous decrease. The pace of growth was the most pronounced in May 2022 with an increase of 3,287% against the previous month.
In value terms, hazelnut imports fell sharply to $28K (IndexBox estimates) in July 2022. Over the period under review, imports faced a precipitous shrinkage. The most prominent rate of growth was recorded in May 2022 when imports increased by 3,208% against the previous month.
Canada Hazelnut Imports by Country
In July 2022, the United States (3.7 tons) was the main supplier of hazelnut to Canada, accounting for a approximately 99% share of total imports.
From January 2022 to July 2022, the average monthly rate of growth in terms of volume from the United States totaled -55.2%.
In value terms, the United States ($28K) constituted the largest supplier of hazelnut to Canada.
From January 2022 to July 2022, the average monthly rate of growth in terms of value from the United States stood at -56.0%.
This report provides an in-depth analysis of the hazelnut market in Canada. 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.
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