Ireland: Hazelnut Market Overview 2021

Hazelnut Market Size in Ireland

In 2020, the Irish hazelnut market increased by X% to $X for the first time since 2011, thus ending a eight-year declining trend. Over the period under review, consumption, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Hazelnut consumption peaked at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Hazelnut Exports

Exports from Ireland

In 2020, overseas shipments of hazelnuts were finally on the rise to reach X kg after two years of decline. Overall, exports, however, continue to indicate a dramatic contraction. The growth pace was the most rapid in 2013 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, hazelnut exports skyrocketed to $X in 2020. In general, exports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2013 when exports increased by X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2014; however, from 2015 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The UK (X kg) was the main destination for hazelnut exports from Ireland, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to the UK stood at -X%.

In value terms, the UK ($X) also remains the key foreign market for hazelnut exports from Ireland.

From 2007 to 2020, the average annual rate of growth in terms of value to the UK stood at -X%.

Export Prices by Country

The average hazelnut export price stood at $X per tonne in 2020, rising by X% against the previous year. Over the period under review, the export price continues to indicate a buoyant increase. The growth pace was the most rapid in 2010 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2016; however, from 2017 to 2020, export prices remained at a lower figure.

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

From 2007 to 2020, the rate of growth in terms of prices for the UK amounted to +X% per year.

Hazelnut Imports

Imports into Ireland

In 2020, supplies from abroad of hazelnuts was finally on the rise to reach X tonnes after eight years of decline. Over the period under review, imports, however, faced a abrupt decrease. Over the period under review, imports attained the peak figure at X tonnes in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

In value terms, hazelnut imports soared to $X in 2020. Overall, imports, however, showed a deep slump. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Imports peaked at $X in 2011; however, from 2012 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Germany (X tonnes) constituted the largest hazelnut supplier to Ireland, accounting for a X% share of total imports. Moreover, hazelnut imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X tonnes), threefold. The third position in this ranking was occupied by Italy (X kg), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and Italy (-X% per year).

In value terms, Germany ($X) constituted the largest supplier of hazelnut to Ireland, comprising X% of total imports. The second position in the ranking was occupied by the UK ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and Italy (-X% per year).

Import Prices by Country

In 2020, the average hazelnut import price amounted to $X per tonne, with an increase of X% against the previous year. Overall, the import price enjoyed a strong expansion. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. As a result, import price reached the peak level of $X per tonne. from 2016 to 2020, the growth in terms of the average import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for Poland ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform