
Asia - Shelled Hazelnuts - Market Analysis, Forecast, Size, Trends and Insights
Asia: Shelled Hazelnut Market 2022
Shelled Hazelnut Market Size in Asia
The Asian shelled hazelnut market fell remarkably to $X in 2021, which is down by -58.3% against the previous year. In general, consumption saw a perceptible decrease. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.
Shelled Hazelnut Production in Asia
In value terms, shelled hazelnut production contracted to $X in 2021 estimated in export price. The total production indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +13.6% against 2018 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 33% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.
Shelled Hazelnut Exports
Exports in Asia
In 2021, shelled hazelnut exports in Asia soared to X tons, rising by 26% against 2020 figures. The total export volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, shelled hazelnut exports surged to $X in 2021. Total exports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +39.2% against 2018 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 31% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.
Exports by Country
Turkey dominates exports structure, finishing at X tons, which was approx. 84% of total exports in 2021. Azerbaijan (X tons) ranks second in terms of the total exports with a 7.7% share, followed by Georgia (6.7%).
Exports from Turkey increased at an average annual rate of +2.5% from 2012 to 2021. At the same time, Azerbaijan (+6.8%) and Georgia (+1.9%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing exporter exported in Asia, with a CAGR of +6.8% from 2012-2021. Azerbaijan (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by -2.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Turkey ($X) remains the largest shelled hazelnut supplier in Asia, comprising 85% of total exports. The second position in the ranking was taken by Azerbaijan ($X), with a 7.2% share of total exports.
In Turkey, shelled hazelnut exports increased at an average annual rate of +2.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Azerbaijan (+10.1% per year) and Georgia (+2.1% per year).
Export Prices by Country
In 2021, the export price in Asia amounted to $X per ton, shrinking by -8.6% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 46% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Turkey ($X per ton), while Georgia ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (+3.1%), while the other leaders experienced mixed trends in the export price figures.
Shelled Hazelnut Imports
Imports in Asia
In 2021, purchases abroad of shelled hazelnuts was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, shelled hazelnut imports soared to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when imports increased by 47% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in years to come.
Imports by Country
In 2021, China (X tons), distantly followed by the United Arab Emirates (X tons), Turkey (X tons), Armenia (X tons), Israel (X tons), Japan (X tons), Saudi Arabia (X tons) and Georgia (X tons) were the main importers of shelled hazelnuts, together generating 79% of total imports. The following importers - South Korea (X tons), Lebanon (X tons), Jordan (X tons) and Iran (X tons) - together made up 12% of total imports.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Armenia (with a CAGR of +49.0%), while imports for the other leaders experienced more modest paces of growth.
In value terms, China ($X) constitutes the largest market for imported shelled hazelnuts in Asia, comprising 35% of total imports. The second position in the ranking was taken by Turkey ($X), with a 10% share of total imports. It was followed by the United Arab Emirates, with an 8.6% share.
From 2012 to 2021, the average annual growth rate of value in China amounted to +31.8%. In the other countries, the average annual rates were as follows: Turkey (+10.4% per year) and the United Arab Emirates (+15.7% per year).
Import Prices by Country
In 2021, the import price in Asia amounted to $X per ton, approximately reflecting the previous year. Import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, shelled hazelnut import price increased by +12.8% against 2018 indices. The pace of growth was the most pronounced in 2015 an increase of 30% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.7%), while the other leaders experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the shelled hazelnut market in Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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