Israel - Hazelnuts - Market Analysis, Forecast, Size, Trends and Insights

Israel: Hazelnut Market Overview 2019

Hazelnut Market Size in Israel

The revenue of the hazelnut market in Israel amounted to $X in 2017, picking up 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). In general, hazelnut consumption continues to indicate a temperate expansion. The pace of growth was the most pronounced in 2014, when market value increased by X% against the previous year. Over the period under review, the hazelnut market attained its peak figure level in 2017, and is expected to retain its growth in the immediate term.

Hazelnut Exports from Israel

Hazelnut exports from Israel stood at X tonnes in 2017, leveling off at the previous year. In general, hazelnut exports continue to indicate a mild expansion. The most prominent rate of growth was recorded in 2013, when exports increased by X% against the previous year. The exports peaked of X tonnes in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

In value terms, hazelnut exports amounted to $X in 2017. Overall, hazelnut exports continue to indicate a strong growth. The exports peaked of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Hazelnut Exports by Country from Israel

Palestine (X tonnes) was the main destination of hazelnut exports from Israel, accounting for approx. X% share of total exports.

From 2007 to 2017, the average annual rate of growth in terms of volume to Palestine totaled +X%.

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

From 2007 to 2017, the average annual growth rate of value to Palestine amounted to +X%.

Hazelnut Export Prices by Country in Israel

In 2017, the average hazelnut export price amounted to $X per tonne, going up by X% against the previous year. In general, the export price indicated a prominent increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the hazelnut export price increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2015, when it surged by X% y-o-y. Over the period under review, the average export prices for hazelnuts reached its maximum level in 2017, and is expected to retain its growth in the near future.

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

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Palestine (+X% per year).

Hazelnut Imports into Israel

In 2017, imports of hazelnuts into Israel totaled X tonnes, jumping by X% against the previous year. Overall, hazelnut imports continue to indicate an abrupt curtailment. The pace of growth appeared the most rapid in 2014, when it surged by X% against the previous year. The imports peaked of X tonnes in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, hazelnut imports totaled $X in 2017. Overall, hazelnut imports continue to indicate a temperate increase. The imports peaked in 2017, and are likely to see steady growth in the near future.

Hazelnut Imports by Country into Israel

In 2017, the U.S. (X tonnes) constituted the largest hazelnut supplier to Israel, with a X% share of total imports. Moreover, hazelnut imports from the U.S. exceeded the figures recorded by the second largest supplier, Turkey (X tonnes), eightfold. Georgia (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2017, the average annual growth rate of volume from the U.S. amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-X% per year) and Georgia (-X% per year).

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

From 2007 to 2017, the average annual rate of growth in terms of value from the U.S. amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Georgia (-X% per year) and Turkey (-X% per year).

Hazelnut Import Prices by Country in Israel

The average hazelnut import price stood at $X per tonne in 2017, coming down by -X% against the previous year. Overall, hazelnut import price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2010, when the average import prices increased by X% year-to-year. The import price peaked of $X per tonne in 2016, and then declined slightly in the following year.

Average import prices varied noticeably amongst the major supplying countries. In 2017, the highest prices were recorded for import prices from the U.S. ($X per tonne) and Georgia ($X per tonne), while prices for hazelnut imports from Turkey ($X per tonne) and Georgia ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Georgia (+X% per year), the import prices for other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform