CIS: Shelled Hazelnut Market 2022

Shelled Hazelnut Market Size in CIS

The CIS shelled hazelnut market contracted sharply to $X in 2021, declining by -17.5% against the previous year. Overall, consumption continues to indicate a perceptible decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Shelled Hazelnut Production in CIS

In value terms, shelled hazelnut production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 25% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Shelled Hazelnut Exports

Exports in CIS

In 2021, exports of shelled hazelnuts in the CIS was estimated at X tons, picking up by 6.5% against the previous year. Overall, exports recorded a prominent expansion. The growth pace was the most rapid in 2017 when exports increased by 39% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, shelled hazelnut exports dropped to $X in 2021. In general, exports posted a strong expansion. The pace of growth was the most pronounced in 2014 when exports increased by 49%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Azerbaijan dominates exports structure, recording X tons, which was near 91% of total exports in 2021. It was distantly followed by Armenia (X tons), constituting a 5.8% share of total exports. Belarus (X tons) followed a long way behind the leaders.

Exports from Azerbaijan increased at an average annual rate of +6.8% from 2012 to 2021. At the same time, Armenia (+69.6%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +69.6% from 2012-2021. Belarus experienced a relatively flat trend pattern. While the share of Armenia (+5.7 p.p.) and Belarus (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Azerbaijan (-6.8 p.p.) displayed negative dynamics.

In value terms, Azerbaijan ($X) remains the largest shelled hazelnut supplier in the CIS, comprising 94% of total exports. The second position in the ranking was held by Armenia ($X), with a 5.1% share of total exports.

In Azerbaijan, shelled hazelnut exports increased at an average annual rate of +10.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Armenia (+69.9% per year) and Belarus (0.0% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, declining by -7.4% against the previous year. Export price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, shelled hazelnut export price increased by +13.0% against 2018 indices. The most prominent rate of growth was recorded in 2014 an increase of 33% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Azerbaijan ($X per ton), while Belarus ($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%).

Shelled Hazelnut Imports

Imports in CIS

In 2021, imports of shelled hazelnuts in the CIS reduced sharply to X tons, which is down by -15.4% on 2020 figures. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 45%. The volume of import peaked at X tons in 2020, and then fell rapidly in the following year.

In value terms, shelled hazelnut imports reduced to $X in 2021. Total imports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 42%. Over the period under review, imports hit record highs at $X in 2020, and then contracted in the following year.

Imports by Country

Russia dominates imports structure, accounting for X tons, which was approx. 82% of total imports in 2021. It was distantly followed by Armenia (X tons) and Belarus (X tons), together constituting a 15% share of total imports. Kazakhstan (X tons) held a relatively small share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of shelled hazelnuts. At the same time, Armenia (+49.0%), Belarus (+4.5%) and Kazakhstan (+2.4%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing importer imported in the CIS, with a CAGR of +49.0% from 2012-2021. While the share of Armenia (+9.7 p.p.) and Belarus (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Russia (-6.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported shelled hazelnuts in the CIS, comprising 85% of total imports. The second position in the ranking was held by Armenia ($X), with a 9.3% share of total imports. It was followed by Belarus, with a 4.3% share.

In Russia, shelled hazelnut imports increased at an average annual rate of +1.4% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Armenia (+49.3% per year) and Belarus (+0.2% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, with an increase of 3.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2015 when the import price increased by 38%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+2.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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