Israel: Chestnut Market Overview 2021

Chestnut Market Size in Israel

The Israeli chestnut market surged to $X in 2019, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated strong growth from 2012 to 2019: its value increased at an average annual rate of +X% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the market value increased by X% against the previous year. As a result, consumption attained the peak level of $X. From 2018 to 2019, the growth of the market remained at a lower figure.

Chestnut Exports

Exports from Israel

In 2019, overseas shipments of chestnuts were finally on the rise to reach X tonnes for the first time since 2012, thus ending a six-year declining trend. Overall, exports posted buoyant growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, chestnut exports skyrocketed to $X in 2019. In general, exports saw prominent growth. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Jordan (X tonnes) and Germany (X tonnes) were the main destinations of chestnut exports from Israel, with a combined X% share of total exports.

From 2012 to 2019, the biggest increases were in Jordan.

In value terms, Jordan ($X) remains the key foreign market for chestnut exports from Israel, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of value to Jordan stood at +X%.

Export Prices by Country

In 2019, the average chestnut export price amounted to $X per tonne, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a deep slump. The export price peaked at $X per tonne in 2013; however, from 2014 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Jordan ($X per tonne), while the average price for exports to Germany totaled $X per tonne.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Jordan.

Chestnut Imports

Imports into Israel

In 2019, approx. X tonnes of chestnuts were imported into Israel; picking up by X% on the previous year. In general, total imports indicated buoyant growth from 2012 to 2019: its volume increased at an average annual rate of +X% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2017 when imports increased by X% year-to-year. As a result, imports attained the peak of X tonnes. From 2018 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, chestnut imports soared to $X in 2019. Over the period under review, total imports indicated a resilient increase from 2012 to 2019: its value increased at an average annual rate of +X% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. As a result, imports reached the peak of $X. From 2018 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2019, China (X tonnes) was the main supplier of chestnut to Israel, with a X% share of total imports. It was followed by the U.S. (X tonnes), with a X% share of total imports.

From 2012 to 2019, the average annual rate of growth in terms of volume from China totaled +X%.

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

From 2012 to 2019, the average annual rate of growth in terms of value from China totaled +X%.

Import Prices by Country

In 2019, the average chestnut import price amounted to $X per tonne, increasing by X% against the previous year. Over the last seven-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per tonne. From 2017 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per tonne), while the price for the U.S. amounted to $X per tonne.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by China.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chestnuts in the world?

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China (3.7M tonnes) constituted the country with the largest volume of chestnut consumption, accounting for 90% of total volume. It was followed by Bolivia (86K tonnes), with a 2.1% share of total consumption. The third position in this ranking was occupied by Italy (63K tonnes), with a 1.5% share.

What are the largest producers of chestnuts in the world?

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China (3.7M tonnes) remains the largest chestnut producing country worldwide, comprising approx. 90% of total volume. It was followed by Bolivia (86K tonnes), with a 2.1% share of total production.

What are the leading suppliers of chestnuts to Israel?

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In value terms, China ($4.4M) constituted the largest supplier of chestnut to Israel, comprising 97% of total imports. The second position in the ranking was occupied by the U.S. ($82K), with a 1.8% share of total imports.

What are the leading importers of chestnuts from Israel?

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In value terms, Jordan ($40K) remains the key foreign market for chestnut exports from Israel, comprising 81% of total exports. The second position in the ranking was occupied by Germany ($9.4K), with a 19% share of total exports.

What is the average export price for chestnuts in Israel?

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The average chestnut export price stood at $4,506 per tonne in 2019, surging by 17% against the previous year.

What is the average import price for chestnuts in Israel?

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In 2019, the average chestnut import price amounted to $2,019 per tonne, picking up by 3.7% against the previous year.