Italy: Brazil Nut Market Overview 2021

Brazil Nut Market Size in Italy

In 2019, the Italian brazil nut market was finally on the rise to reach $X for the first time since 2016, thus ending a two-year declining trend. Overall, consumption recorded a temperate increase. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. From 2013 to 2019, the growth of the market failed to regain the momentum.

Brazil Nut Production in Italy

In value terms, brazil nut production amounted to $X in 2019 estimated in export prices. In general, production recorded a sharp setback. Brazil nut production peaked at $X in 2010; however, from 2011 to 2019, production failed to regain the momentum.

The average yield of brazil nuts in Italy stood at X kg per ha in 2019, approximately reflecting the previous year. In general, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, approx. X ha of brazil nuts were harvested in Italy; remaining relatively unchanged against 2018. Overall, the harvested area continues to indicate a relatively flat trend pattern.

Brazil Nut Exports

Exports from Italy

In 2019, approx. X tonnes of brazil nuts were exported from Italy; with a decrease of -X% on 2018 figures. Over the period under review, exports, however, recorded a perceptible increase. The growth pace was the most rapid in 2009 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X tonnes in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

In value terms, brazil nut exports contracted significantly to $X in 2019. In general, exports, however, enjoyed a pronounced increase. The pace of growth was the most pronounced in 2009 when exports increased by X% y-o-y. Exports peaked at $X in 2014; however, from 2015 to 2019, exports failed to regain the momentum.

Exports by Country

The UK (X tonnes) was the main destination for brazil nut exports from Italy, with a X% share of total exports. Moreover, brazil nut exports to the UK exceeded the volume sent to the second major destination, Sweden (X tonnes), sevenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume to the UK stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+X% per year) and the Netherlands (+X% per year).

In value terms, the UK ($X) remains the key foreign market for brazil nut exports from Italy, comprising X% of total exports. The second position in the ranking was occupied by Sweden ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value to the UK stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+X% per year) and the Netherlands (+X% per year).

Export Prices by Country

In 2019, the average brazil nut export price amounted to $X per tonne, dropping by -X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2011 an increase of X% year-to-year. The export price peaked at $X per tonne in 2017; however, from 2018 to 2019, export prices failed to regain the momentum.

Average prices varied somewhat for the major overseas markets. In 2019, the country with the highest price was Sweden ($X per tonne), while the average price for exports to the Netherlands ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Sweden, while the prices for the other major destinations experienced mixed trend patterns.

Brazil Nut Imports

Imports into Italy

After two years of decline, supplies from abroad of brazil nuts increased by X% to X tonnes in 2019. Over the period under review, imports enjoyed noticeable growth. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tonnes in 2016; however, from 2017 to 2019, imports remained at a lower figure.

In value terms, brazil nut imports reduced to $X in 2019. Overall, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, the UK (X tonnes) constituted the largest brazil nut supplier to Italy, accounting for a X% share of total imports. Moreover, brazil nut imports from the UK exceeded the figures recorded by the second-largest supplier, Brazil (X tonnes), threefold. The third position in this ranking was occupied by Tunisia (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from the UK stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-X% per year) and Tunisia (+X% per year).

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

From 2007 to 2019, the average annual growth rate of value from the UK stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and Tunisia (+X% per year).

Import Prices by Country

In 2019, the average brazil nut import price amounted to $X per tonne, with a decrease of -X% against the previous year. Overall, import price indicated a notable expansion 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. Based on 2019 figures, brazil nut import price increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2012; however, from 2013 to 2019, import prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers 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?

+

The countries with the highest volumes of brazil nut consumption in 2019 were Bolivia (31K tonnes), Brazil (28K tonnes) and Ghana (20K tonnes), with a combined 74% share of global consumption. These countries were followed by Peru, Indonesia, Viet Nam and Afghanistan, which together accounted for a further 19%.

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

+

The countries with the highest volumes of brazil nut production in 2019 were Brazil (33K tonnes), Bolivia (31K tonnes) and Ghana (20K tonnes), together comprising 76% of global production. These countries were followed by Indonesia, Peru, Afghanistan and Benin, which together accounted for a further 19%.

What are the leading suppliers of brazil nuts to Italy?

+

In value terms, the UK ($1.2M) constituted the largest supplier of brazil nut to Italy, comprising 59% of total imports. The second position in the ranking was occupied by Brazil ($280K), with a 14% share of total imports. It was followed by Tunisia, with a 10% share.

What are the leading importers of brazil nuts from Italy?

+

In value terms, the UK ($659K) remains the key foreign market for brazil nut exports from Italy, comprising 81% of total exports. The second position in the ranking was occupied by Sweden ($97K), with a 12% share of total exports.

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

+

In 2019, the average brazil nut export price amounted to $6,663 per tonne, with a decrease of -12.2% against the previous year.

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

+

In 2019, the average brazil nut import price amounted to $3,689 per tonne, with a decrease of -21.4% against the previous year.