ASEAN: Shelled Hazelnut Market 2024

Shelled Hazelnut Market Size in ASEAN

In 2023, after four years of growth, there was decline in the ASEAN shelled hazelnut market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2022, and then declined in the following year.

Shelled Hazelnut Production in ASEAN

In value terms, shelled hazelnut production totaled $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Shelled Hazelnut Exports

Exports in ASEAN

In 2023, the amount of shelled hazelnuts exported in ASEAN declined to X tons, falling by X% compared with the previous year. Overall, exports, however, posted prominent growth. The growth pace was the most rapid in 2022 with an increase of X%. As a result, the exports reached the peak of X tons, and then reduced in the following year.

In value terms, shelled hazelnut exports dropped to $X in 2023. Over the period under review, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

Singapore represented the largest exporter of shelled hazelnuts in ASEAN, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2023. Vietnam (X tons) ranks second in terms of the total exports with a X% share, followed by Thailand (X%) and Indonesia (X%).

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Thailand (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) emerged as the largest shelled hazelnut supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Singapore amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2023, approximately equating the previous year. Over the period under review, the export price recorded a mild expansion. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced a decline in the export price figures.

Shelled Hazelnut Imports

Imports in ASEAN

Shelled hazelnut imports reduced notably to X tons in 2023, falling by X% on 2022. Overall, imports showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, shelled hazelnut imports reduced notably to $X in 2023. Over the period under review, imports recorded a noticeable decrease. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Malaysia was the main importing country with an import of around X tons, which finished at X% of total imports. Thailand (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (X%), Indonesia (X%) and Vietnam (X%). The Philippines (X tons) followed a long way behind the leaders.

Imports into Malaysia decreased at an average annual rate of X% from 2012 to 2023. At the same time, Vietnam (X%), Indonesia (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, the Philippines (X%) and Thailand (X%) illustrated a downward trend over the same period. Vietnam (X p.p.), Indonesia (X p.p.) and Singapore (X p.p.) significantly strengthened its position in terms of the total imports, while Malaysia saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) constitutes the largest market for imported shelled hazelnuts in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

In Malaysia, shelled hazelnut imports decreased by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per ton, rising by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2023, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Indonesia ($X per ton) and Malaysia ($X per ton), while the Philippines ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform