Chile: Hazelnut Market 2024

Hazelnut Market Size in Chile

The Chilean hazelnut market was estimated at $X in 2022, flattening at the previous year. Overall, consumption enjoyed significant growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Hazelnut Production in Chile

In value terms, hazelnut production fell slightly to $X in 2022 estimated in export price. Overall, production posted a remarkable increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Hazelnut production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The average yield of hazelnuts in Chile reached X tons per ha in 2022, rising by X% against the previous year's figure. In general, the yield indicated strong growth from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hazelnut yield decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The hazelnut yield peaked at X tons per ha in 2019; however, from 2020 to 2022, the yield stood 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 2022, the harvested area of hazelnuts in Chile fell to X ha, approximately reflecting the year before. Over the period under review, the harvested area, however, posted prominent growth. The most prominent rate of growth was recorded in 2019 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to hazelnut production reached the maximum at X ha in 2021, and then reduced modestly in the following year.

Hazelnut Exports

Exports from Chile

In 2022, exports of hazelnuts from Chile soared to X tons, picking up by X% on 2021 figures. In general, exports, however, recorded a significant decline. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, hazelnut exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a dramatic curtailment. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil (X tons), Germany (X tons) and Italy (X tons) were the main destinations of hazelnut exports from Chile, with a combined X% share of total exports. Spain lagged somewhat behind, accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Brazil ($X), Germany ($X) and Italy ($X) appeared to be the largest markets for hazelnut exported from Chile worldwide, with a combined X% share of total exports.

Germany, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average hazelnut export price amounted to $X per ton, reducing by X% against the previous year. Overall, the export price recorded a slight curtailment. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Brazil ($X per ton) and Germany ($X per ton), while the average price for exports to Spain ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hazelnut Imports

Imports into Chile

In 2022, purchases abroad of hazelnuts increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports enjoyed a significant increase. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, hazelnut imports skyrocketed to $X in 2022. Overall, imports continue to indicate significant growth. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Argentina (X tons) was the main hazelnut supplier to Chile, with a approx. X% share of total imports.

From 2014 to 2022, the average annual rate of growth in terms of volume from Argentina totaled X%.

In value terms, Argentina ($X) constituted the largest supplier of hazelnuts to Chile.

From 2014 to 2022, the average annual growth rate of value from Argentina amounted to X%.

Import Prices by Country

In 2022, the average hazelnut import price amounted to $X per ton, reducing by X% against the previous year. In general, the import price, however, posted strong growth. The pace of growth appeared the most rapid in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then reduced markedly in the following year.

As there is only one major supplying country, the average price level is determined by prices for Argentina.

From 2014 to 2022, the rate of growth in terms of prices for Argentina amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :