Canada: Brazil Nut Market 2022

Brazil Nut Market Size in Canada

In 2021, after five years of growth, there was significant decline in the Canadian brazil nut market, when its value decreased by -X% to $X. In general, consumption recorded a deep setback. Brazil nut consumption peaked at $X in 2020, and then declined notably in the following year.

Brazil Nut Exports

Exports from Canada

In 2021, overseas shipments of brazil nuts increased by X% to X tonnes, rising for the fourth year in a row after two years of decline. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, brazil nut exports surged to $X in 2021. In general, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

South Korea (X tonnes) was the main destination for brazil nut exports from Canada, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Korea amounted to +X%.

In value terms, South Korea ($X) also remains the key foreign market for brazil nut exports from Canada.

From 2012 to 2021, the average annual growth rate of value to South Korea stood at +X%.

Export Prices by Country

The average brazil nut export price stood at $X per tonne in 2021, with an increase of X% against the previous year. In general, the export price, however, saw a abrupt downturn. Over the period under review, the average export prices reached the peak figure at $X per tonne in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for South Korea.

From 2012 to 2021, the rate of growth in terms of prices for South Korea amounted to +X% per year.

Brazil Nut Imports

Imports into Canada

In 2021, imports of brazil nuts into Canada expanded sharply to X tonnes, picking up by X% against the previous year's figure. Over the period under review, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, brazil nut imports expanded rapidly to $X in 2021. In general, imports enjoyed buoyant growth. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Brazil (X tonnes) constituted the largest supplier of brazil nut to Canada, with a X% share of total imports. Moreover, brazil nut imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X tonnes), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+X% per year) and Bolivia (-X% per year).

In value terms, Brazil ($X) constituted the largest supplier of brazil nut to Canada, comprising X% of total imports. The second position in the ranking was occupied by the United States ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+X% per year) and Bolivia (-X% per year).

Import Prices by Country

The average brazil nut import price stood at $X per tonne in 2021, growing by X% against the previous year. Overall, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, brazil nut import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% y-o-y. The import price peaked in 2021 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Brazil ($X per tonne), while the price for Bolivia ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bolivia (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform