Argentina: Shelled Hazelnut Market 2022

Shelled Hazelnut Market Size in Argentina

The Argentinian shelled hazelnut market surged to $X in 2021, picking up by 23% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed a prominent expansion. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in years to come.

Shelled Hazelnut Exports

Exports from Argentina

In 2021, exports of shelled hazelnuts from Argentina shrank notably to X tons, dropping by -28.4% against 2020. In general, exports showed a noticeable downturn. The most prominent rate of growth was recorded in 2020 with an increase of 214% against the previous year. As a result, the exports reached the peak of X tons, and then fell significantly in the following year.

In value terms, shelled hazelnut exports declined sharply to $X in 2021. Over the period under review, exports, however, enjoyed a modest increase. The growth pace was the most rapid in 2020 when exports increased by 139% against the previous year. As a result, the exports reached the peak of $X, and then reduced rapidly in the following year.

Exports by Country

Uruguay (X tons) was the main destination for shelled hazelnut exports from Argentina, with a 90% share of total exports. Moreover, shelled hazelnut exports to Uruguay exceeded the volume sent to the second major destination, Paraguay (X kg), ninefold.

From 2012 to 2021, the average annual growth rate of volume to Uruguay stood at +90.0%.

In value terms, Uruguay ($X) remains the key foreign market for shelled hazelnut exports from Argentina, comprising 83% of total exports. The second position in the ranking was held by Paraguay ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Uruguay stood at +96.7%.

Export Prices by Country

The average shelled hazelnut export price stood at $X per ton in 2021, leveling off at the previous year. Over the period under review, the export price, however, saw a pronounced expansion. The pace of growth appeared the most rapid in 2014 an increase of 121%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Uruguay totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+56.0%), while the prices for the other major destinations experienced more modest paces of growth.

Shelled Hazelnut Imports

Imports into Argentina

In 2021, supplies from abroad of shelled hazelnuts increased by 27% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports posted a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 105%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, shelled hazelnut imports skyrocketed to $X in 2021. In general, imports posted a strong increase. The most prominent rate of growth was recorded in 2017 when imports increased by 58% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of shelled hazelnut to Argentina, with a 57% share of total imports. Moreover, shelled hazelnut imports from Turkey exceeded the figures recorded by the second-largest supplier, Chile (X tons), threefold. The third position in this ranking was held by Georgia (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey amounted to +20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+7.6% per year) and Georgia (0.0% per year).

In value terms, Turkey ($X), Chile ($X) and Georgia ($X) were the largest shelled hazelnut suppliers to Argentina, with a combined 91% share of total imports.

Among the main suppliers, Turkey, with a CAGR of +20.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average shelled hazelnut import price stood at $X per ton in 2021, with a decrease of -5.8% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 56%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Chile ($X per ton) and Italy ($X per ton), while the price for Georgia ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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