Asia-Pacific: Shelled Hazelnut Market 2022

Shelled Hazelnut Market Size in Asia-Pacific

The Asia-Pacific shelled hazelnut market soared to $X in 2021, jumping by 40% against the previous year. The total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +10.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +51.1% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Shelled Hazelnut Production in Asia-Pacific

In value terms, shelled hazelnut production contracted slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 38%. The level of production peaked at $X in 2020, and then reduced modestly in the following year.

Shelled Hazelnut Exports

Exports in Asia-Pacific

In 2021, the amount of shelled hazelnuts exported in Asia-Pacific dropped rapidly to X tons, declining by -30.9% on 2020 figures. In general, exports saw a perceptible downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 259%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, shelled hazelnut exports dropped to $X in 2021. Overall, exports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2016 when exports increased by 237%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

China dominates exports structure, reaching X tons, which was near 88% of total exports in 2021. Vietnam (X tons), Singapore (X tons) and Malaysia (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of shelled hazelnuts. At the same time, Malaysia (+59.4%) and Singapore (+9.0%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +59.4% from 2012-2021. By contrast, Vietnam (-6.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and Malaysia increased by +19 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest shelled hazelnut supplier in Asia-Pacific, comprising 93% of total exports. The second position in the ranking was held by Singapore ($X), with a 1.9% share of total exports. It was followed by Vietnam, with a 1.7% share.

In China, shelled hazelnut exports increased at an average annual rate of +16.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Singapore (+10.3% per year) and Vietnam (-8.5% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, growing by 33% against the previous year. Overall, the export price saw a strong expansion. The pace of growth was the most pronounced in 2014 when the export price increased by 79%. Over the period under review, the export prices attained the peak figure in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was China ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+16.1%), while the other leaders experienced mixed trends in the export price figures.

Shelled Hazelnut Imports

Imports in Asia-Pacific

Shelled hazelnut imports soared to X tons in 2021, growing by 28% compared with the year before. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +34.3% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of 35%. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, shelled hazelnut imports surged to $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +10.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +49.9% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons) and Australia (X tons) represented the largest importers of shelled hazelnuts in 2021, accounting for approx. 41% and 33% of total imports, respectively. It was distantly followed by Japan (X tons) and South Korea (X tons), together achieving an 18% share of total imports. The following importers - India (X tons) and New Zealand (X tons) - each recorded a 4.3% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (with a CAGR of +25.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest shelled hazelnut importing markets in Asia-Pacific were China ($X), Australia ($X) and Japan ($X), together comprising 86% of total imports.

Among the main importing countries, China, with a CAGR of +31.8%, recorded 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

In 2021, the import price in Asia-Pacific amounted to $X per ton, picking up by 8.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2015 an increase of 36% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in China ($X per ton) and Australia ($X per ton), while New Zealand ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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