China: Hazelnut Market Overview 2021

Hazelnut Market Size in China

For the sixth consecutive year, the Chinese hazelnut market recorded growth in sales value, which increased by X% to $X in 2020. Overall, consumption posted resilient growth. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, the market reached the maximum level in 2020 and is likely to see gradual growth in years to come.

Hazelnut Production in China

In value terms, hazelnut production amounted to $X in 2020 estimated in export prices. Over the period under review, the total production indicated prominent growth 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 decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Hazelnut production peaked at $X in 2018; however, from 2019 to 2020, production failed to regain the momentum.

The average yield of hazelnuts in China stood at X tonnes per ha in 2020, stabilizing at the year before. The yield figure increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2011 when the yield increased by X% against the previous year. The hazelnut yield peaked in 2020 and is likely to continue growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The hazelnut harvested area in China stood at X ha in 2020, increasing by X% against 2019. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2009 when the harvested area increased by X% year-to-year. The hazelnut harvested area peaked in 2020 and is likely to see steady growth in the near future.

Hazelnut Exports

Exports from China

In 2020, approx. X tonnes of hazelnuts were exported from China; almost unchanged from 2019. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. As a result, exports reached the peak of X tonnes. from 2011 to 2020, the growth exports remained at a lower figure.

In value terms, hazelnut exports stood at $X in 2020. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2010 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. from 2011 to 2020, the growth exports remained at a lower figure.

Exports by Country

South Korea (X tonnes) and the U.S. (X tonnes) were the main destinations of hazelnut exports from China.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (+X% per year).

In value terms, the largest markets for hazelnut exported from China were South Korea ($X) and the U.S. ($X the main countries of destination, South Korea (+X% per year) recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average hazelnut export price stood at $X per tonne in 2020, almost unchanged from the previous year. Over the period under review, the export price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the maximum at $X per tonne in 2016; however, from 2017 to 2020, export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. in 2020, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to South Korea amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S..

Hazelnut Imports

Imports into China

In 2020, supplies from abroad of hazelnuts increased by X% to X tonnes, rising for the seventh consecutive year after two years of decline. Over the period under review, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2018 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum in 2020 and are expected to retain growth in the immediate term.

In value terms, hazelnut imports expanded to $X in 2020. in general, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X% y-o-y. Imports peaked in 2020 and are likely to see gradual growth in years to come.

Imports by Country

In 2020, the U.S. (X tonnes) was the main hazelnut supplier to China, with a X% share of total imports. Moreover, hazelnut imports from the U.S. exceeded the figures recorded by the second-largest supplier, Georgia (X tonnes), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from the U.S. totaled +X%.

In value terms, the U.S. ($X) constituted the largest supplier of hazelnut to China, comprising X% of total imports. The second position in the ranking was occupied by Georgia ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from the U.S. stood at +X%.

Import Prices by Country

In 2020, the average hazelnut import price amounted to $X per tonne, standing approx. at the previous year. Over the period under review, the import price posted a prominent expansion. The growth pace was the most rapid in 2012 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. in 2020, the country with the highest price was Georgia ($X per tonne), while the price for the U.S. totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Georgia.

Source: IndexBox Platform