Asia: Hazelnut Market Overview 2021

Hazelnut Market Size in Asia

The Asian hazelnut market rose to $X in 2020, with an increase of X% against the previous year. The total consumption indicated resilient growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2014 indices. The growth pace was the most rapid in 2019 with an increase of X% y-o-y. The level of consumption peaked in 2020 and is expected to retain growth in the immediate term.

Hazelnut Production in Asia

In value terms, hazelnut production amounted to $X in 2020 estimated in export prices. The total production indicated a moderate increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% year-to-year. As a result, production reached the peak level of $X. from 2016 to 2020, production growth remained at a lower figure.

Turkey (X tonnes) remains the largest hazelnut producing country in Asia, comprising approx. X% of total volume. Moreover, hazelnut production in Turkey exceeded the figures recorded by the second-largest producer, China (X tonnes), more than tenfold. Azerbaijan (X tonnes) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in Turkey stood at +X%. in the other countries, the average annual rates were as follows: China (+X% per year) and Azerbaijan (+X% per year).

In 2020, the average hazelnut yield in Asia totaled X tonnes per ha, remaining constant against 2019. in general, the yield, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X tonnes per ha. from 2009 to 2020, the growth of the hazelnut yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the hazelnut harvested area in Asia stood at X ha, approximately reflecting 2019 figures. The total harvested area indicated a perceptible increase from 2007 to 2020: its figure increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, hazelnut harvested area increased by +X% against 2012 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, the harvested area dedicated to hazelnut production attained the peak figure in 2020 and is expected to retain growth in the near future.

Production by Country in Asia

Turkey (X tonnes) constituted the country with the largest volume of hazelnut production, comprising approx. X% of total volume. Moreover, hazelnut production in Turkey exceeded the figures recorded by the second-largest producer, China (X tonnes), more than tenfold. Azerbaijan (X tonnes) ranked third in terms of total production with a X% share.

In Turkey, hazelnut production expanded at an average annual rate of +X% over the period from 2007-2020. in the other countries, the average annual rates were as follows: China (+X% per year) and Azerbaijan (+X% per year).

Hazelnut Exports

Exports in Asia

In 2020, overseas shipments of hazelnuts increased by X% to X tonnes, rising for the fifth year in a row after three years of decline. Overall, exports, however, saw a perceptible descent. The pace of growth was the most pronounced in 2019 with an increase of X% year-to-year. The volume of export peaked at X tonnes in 2010; however, from 2011 to 2020, exports stood at a somewhat lower figure.

In value terms, hazelnut exports rose modestly to $X in 2020. in general, exports, however, showed a slight shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of X% year-to-year. The level of export peaked at $X in 2013; however, from 2014 to 2020, exports remained at a lower figure.

Exports by Country

In 2020, Hong Kong SAR (X tonnes) was the key exporter of hazelnuts, constituting X% of total exports. Georgia (X tonnes) ranks second in terms of the total exports with a X% share, followed by Turkey (X%) and Azerbaijan (X%). China (X tonnes) occupied a minor share of total exports.

Exports from Hong Kong SAR decreased at an average annual rate of -X% from 2007 to 2020. at the same time, China (+X%), Turkey (+X%), Georgia (+X%) and Azerbaijan (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2020. While the share of Georgia (+X p.p.), Turkey (+X p.p.), Azerbaijan (+X p.p.) and China (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Hong Kong SAR (-X p.p.) displayed negative dynamics.

In value terms, Hong Kong SAR ($X) remains the largest hazelnut supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Georgia ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Hong Kong SAR amounted to -X%. The remaining exporting countries recorded the following average annual rates of exports growth: Georgia (+X% per year) and Turkey (+X% per year).

Export Prices by Country

The hazelnut export price in Asia stood at $X per tonne in 2020, approximately reflecting the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2010 when the export price increased by X% against the previous year. Over the period under review, export prices reached the maximum at $X per tonne in 2013; however, from 2014 to 2020, export prices failed to regain the momentum.

Average prices varied somewhat amongst the major exporting countries. in 2020, major exporting countries recorded the following prices: in Hong Kong SAR ($X per tonne) and China ($X per tonne), while Azerbaijan ($X per tonne) and Turkey ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Hazelnut Imports

Imports in Asia

In 2020, hazelnut imports in Asia skyrocketed to X tonnes, picking up by X% on the year before. Overall, imports, however, saw a slight decline. The most prominent rate of growth was recorded in 2012 when imports increased by X% against the previous year. As a result, imports reached the peak of X tonnes. from 2013 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, hazelnut imports soared to $X in 2020. in general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. As a result, imports reached the peak of $X. from 2013 to 2020, the growth imports failed to regain the momentum.

Imports by Country

China (X tonnes) and Viet Nam (X tonnes) were the main importers of hazelnuts in 2020, resulting at near X% and X% of total imports, respectively. It was distantly followed by Hong Kong SAR (X tonnes), mixing up a X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China, while imports for the other leaders experienced a decline in the imports figures.

In value terms, China ($X), Viet Nam ($X) and Hong Kong SAR ($X) constituted the countries with the highest levels of imports in 2020, together comprising X% of total imports.

In terms of the main importing countries, China recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The hazelnut import price in Asia stood at $X per tonne in 2020, with an increase of X% against the previous year. Import price indicated noticeable growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, hazelnut import price increased by +X% against 2018 indices. The growth pace was the most rapid in 2010 when the import price increased by X% year-to-year. The level of import peaked at $X per tonne in 2016; however, from 2017 to 2020, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. in 2020, the country with the highest price was Viet Nam ($X per tonne), while Hong Kong SAR ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform