Global Brazil Nut Market Overview 2021

Brazil Nut Market Size

The global brazil nut market rose remarkably to $X in 2019, picking up by X% against the previous year. Over the period under review, consumption recorded a prominent increase. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, the global market hit record highs in 2019 and is likely to continue growth in years to come.

Brazil Nut Production

In value terms, brazil nut production rose notably to $X in 2019 estimated in export prices. Overall, the total production indicated a strong increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2015 indices. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, global production hit record highs in 2019 and is likely to see gradual growth in years to come.

The countries with the highest volumes of brazil nut production in 2019 were Brazil (X tonnes), Nigeria (X tonnes) and Bolivia (X tonnes), together comprising X% of global production. These countries were followed by Cote d'Ivoire, Ghana, Indonesia and Peru, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of brazil nut production, amongst the key producing countries, was attained by Cote d'Ivoire, while brazil nut production for the other global leaders experienced more modest paces of growth.

The global average brazil nut yield reached X tonnes per ha in 2019, therefore, remained relatively stable against the previous year's figure. The yield figure increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2009 when the yield increased by X% year-to-year. The global yield peaked at X tonnes per ha in 2014; however, from 2015 to 2019, the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the total area harvested in terms of brazil nuts production worldwide was estimated at X ha, standing approx. at the year before. Over the period under review, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. The global harvested area peaked in 2019 and is expected to retain growth in the near future.

Production By Country

The countries with the highest volumes of brazil nut production in 2019 were Brazil (X tonnes), Nigeria (X tonnes) and Bolivia (X tonnes), with a combined X% share of global production. Cote d'Ivoire, Ghana, Indonesia and Peru lagged somewhat behind, together accounting for a further X 2007 to 2019, the biggest increases were in Cote d'Ivoire, while brazil nut production for the other global leaders experienced more modest paces of growth.

Brazil Nut Exports

Exports

In 2019, the amount of brazil nuts exported worldwide shrank significantly to X tonnes, declining by -X% on 2018. In general, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2013 when exports increased by X% y-o-y. As a result, exports reached the peak of X tonnes. From 2014 to 2019, the growth of global exports failed to regain the momentum.

In value terms, brazil nut exports fell remarkably to $X in 2019. Over the period under review, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Over the period under review, global exports attained the peak figure at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Exports by Country

In 2019, Brazil (X tonnes) was the largest exporter of brazil nuts, constituting X% of total exports. Spain (X tonnes) ranks second in terms of the total exports with a X% share, followed by Cote d'Ivoire (X%) and Bolivia (X%). The UK (X tonnes), the U.S. (X tonnes), Canada (X tonnes), Ghana (X tonnes) and Hong Kong SAR (X tonnes) occupied a relatively small share of total exports.

From 2007 to 2019, average annual rates of growth with regard to brazil nut exports from Brazil stood at -X%. At the same time, Cote d'Ivoire (+X%), Canada (+X%), Bolivia (+X%), the U.S. (+X%) and the UK (+X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2019. By contrast, Spain (-X%), Ghana (-X%) and Hong Kong SAR (-X%) illustrated a downward trend over the same period. While the share of Brazil (+X p.p.), Spain (+X p.p.), Cote d'Ivoire (+X p.p.), Bolivia (+X p.p.), the UK (+X p.p.), the U.S. (+X p.p.), Canada (+X p.p.) and Ghana (+X p.p.) increased significantly in terms of the global exports from 2007-2019, the share of Hong Kong SAR (-X p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest brazil nut supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by the UK ($X), with a X% share of global exports. It was followed by Bolivia, with a X% share.

In Brazil, brazil nut exports remained relatively stable over the period from 2007-2019. In the other countries, the average annual rates were as follows: the UK (+X% per year) and Bolivia (+X% per year).

Export Prices by Country

In 2019, the average brazil nut export price amounted to $X per tonne, leveling off at the previous year. Overall, the export price, however, posted a tangible expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the peak figure at $X per tonne in 2018, and then declined modestly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was the UK ($X per tonne), while Cote d'Ivoire ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Ghana, while the other global leaders experienced more modest paces of growth.

Brazil Nut Imports

Imports

Global brazil nut imports contracted sharply to X tonnes in 2019, which is down by -X% on the previous year's figure. Overall, imports recorded a abrupt downturn. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Global imports peaked at X tonnes in 2009; however, from 2010 to 2019, imports failed to regain the momentum.

In value terms, brazil nut imports dropped dramatically to $X in 2019. In general, imports saw a noticeable slump. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Global imports peaked at $X in 2010; however, from 2011 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Peru (X tonnes) represented the main importer of brazil nuts, generating X% of total imports. China (X tonnes) took the second position in the ranking, followed by Spain (X tonnes), Italy (X tonnes) and the U.S. (X tonnes). All these countries together took near X% share of total imports. South Korea (X tonnes), Bolivia (X tonnes), Hong Kong SAR (X tonnes), Canada (X tonnes), Brunei Darussalam (X tonnes), Tunisia (X tonnes) and Algeria (X tonnes) followed a long way behind the leaders.

Imports into Peru increased at an average annual rate of +X% from 2007 to 2019. At the same time, South Korea (+X%), Brunei Darussalam (+X%), Tunisia (+X%), Algeria (+X%), Italy (+X%) and Canada (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2019. By contrast, Spain (-X%), Bolivia (-X%), China (-X%), the U.S. (-X%) and Hong Kong SAR (-X%) illustrated a downward trend over the same period. While the share of Peru (+X p.p.), Italy (+X p.p.), South Korea (+X p.p.), Spain (+X p.p.), Brunei Darussalam (+X p.p.), Canada (+X p.p.) and Tunisia (+X p.p.) increased significantly in terms of the global imports from 2007-2019, the share of the U.S. (-X p.p.) and Hong Kong SAR (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest brazil nut importing markets worldwide were Peru ($X), China ($X) and Italy ($X), with a combined X% share of global imports. The U.S., Bolivia, Canada, Spain, Hong Kong SAR, South Korea, Tunisia, Algeria and Brunei Darussalam lagged somewhat behind, together accounting for a further X terms of the main importing countries, South Korea (+X% per year) saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average brazil nut import price stood at $X per tonne in 2019, dropping by -X% against the previous year. In general, import price indicated mild growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2014; however, from 2015 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Bolivia ($X per tonne), while Brunei Darussalam ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Tunisia, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for brazil nuts in the world?

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The countries with the highest volumes of brazil nut consumption in 2019 were Nigeria (33K tonnes), Brazil (32K tonnes) and Bolivia (31K tonnes), with a combined 56% share of global consumption.

What are the largest producers of brazil nuts in the world?

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The countries with the highest volumes of brazil nut production in 2019 were Brazil (38K tonnes), Nigeria (33K tonnes) and Bolivia (31K tonnes), together comprising 59% of global production. Cote d'Ivoire, Ghana, Indonesia and Peru lagged somewhat behind, together accounting for a further 33%.

What are the leading suppliers of brazil nuts in the world?

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In value terms, Brazil ($12M) remains the largest brazil nut supplier worldwide, comprising 56% of global exports. The second position in the ranking was occupied by the UK ($2.2M), with a 11% share of global exports. It was followed by Bolivia, with a 5% share.

What are the leading importers of brazil nuts in the world?

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In value terms, Peru ($3.5M), China ($2.3M) and Italy ($2M) constituted the countries with the highest levels of imports in 2019, with a combined 45% share of global imports. These countries were followed by the U.S., Bolivia, Canada, Spain, Hong Kong SAR, South Korea, Tunisia, Algeria and Brunei Darussalam, which together accounted for a further 41%.

What is the average export price for brazil nuts in the world?

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In 2019, the average brazil nut export price amounted to $2,190 per tonne, remaining constant against the previous year.

What is the average import price for brazil nuts in the world?

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The average brazil nut import price stood at $2,466 per tonne in 2019, dropping by -5.8% against the previous year.