Asia: Brazil Nut Market 2024

Brazil Nut Market Size in Asia

In 2022, after two years of decline, there was significant growth in the Asian brazil nut market, when its value increased by X% to $X. Overall, consumption saw a noticeable slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Brazil Nut Production in Asia

In value terms, brazil nut production expanded modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Indonesia (X tons), Afghanistan (X tons) and Hong Kong SAR (X tons), with a combined X% share of total production. Thailand and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by the United Arab Emirates (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

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Brazil Nut Exports

Exports in Asia

After six years of growth, shipments abroad of brazil nuts decreased by X% to X tons in 2022. In general, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then contracted in the following year.

In value terms, brazil nut exports reduced to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Afghanistan prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), mixing up a X% share of total exports. Hong Kong SAR (X tons) followed a long way behind the leaders.

Afghanistan was also the fastest-growing in terms of the brazil nuts exports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of Afghanistan (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hong Kong SAR (X p.p.) displayed negative dynamics.

In value terms, Afghanistan ($X) remains the largest brazil nut supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports.

In Afghanistan, brazil nut exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the export price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced a decline in the export price figures.

Brazil Nut Imports

Imports in Asia

In 2022, approx. X tons of brazil nuts were imported in Asia; reducing by X% compared with the previous year. Over the period under review, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, brazil nut imports fell notably to $X in 2022. Overall, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) and Vietnam (X tons) represented the major importers of brazil nuts in Asia, together mixing up X% of total imports. It was distantly followed by Saudi Arabia (X tons), Brunei Darussalam (X tons), the United Arab Emirates (X tons) and Qatar (X tons), together comprising a X% share of total imports. India (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported brazil nuts in Asia, comprising X% of total imports. The second position in the ranking was taken by Qatar ($X), with a X% share of total imports. It was followed by Vietnam, with an X% share.

In China, brazil nut imports declined by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, growing by X% against the previous year. Overall, the import price showed a moderate increase. The growth pace was the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per ton), while Brunei Darussalam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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