Latin America and the Caribbean: Hazelnut Market 2024

Hazelnut Market Size in Latin America and the Caribbean

The Latin American hazelnut market amounted to $X in 2022, flattening at the previous year. Overall, consumption showed a significant increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Hazelnut Production in Latin America and the Caribbean

In value terms, hazelnut production reduced to $X in 2022 estimated in export price. Over the period under review, production showed strong growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Chile (X tons) constituted the country with the largest volume of hazelnut production, accounting for X% of total volume.

From 2012 to 2022, the average annual rate of growth in terms of volume in Chile stood at X%.

In 2022, the average hazelnut yield in Latin America and the Caribbean amounted to X tons per ha, growing by X% against the year before. The yield indicated a resilient increase from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hazelnut yield decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the yield increased by X% against the previous year. Over the period under review, the hazelnut yield hit record highs at X tons per ha in 2019; however, from 2020 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of hazelnuts in Latin America and the Caribbean reduced modestly to X ha, flattening at 2021 figures. Overall, the harvested area, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the harvested area dedicated to hazelnut production attained the peak figure at X ha in 2021, and then declined slightly in the following year.

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Hazelnut Exports

Exports in Latin America and the Caribbean

In 2022, approx. X tons of hazelnuts were exported in Latin America and the Caribbean; with an increase of X% against the previous year's figure. Overall, exports, however, continue to indicate a dramatic descent. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, hazelnut exports surged to $X in 2022. In general, exports, however, saw a precipitous shrinkage. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Chile dominates exports structure, reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Peru (X tons), comprising an X% share of total exports.

Exports from Chile decreased at an average annual rate of X% from 2012 to 2022. At the same time, Peru (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Peru (X p.p.) significantly strengthened its position in terms of the total exports, while Chile saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Chile ($X) remains the largest hazelnut supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Peru ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Chile stood at X%.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, which is down by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while Chile stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%).

Hazelnut Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of hazelnuts was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, hazelnut imports soared to $X in 2022. In general, imports, however, showed a mild curtailment. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Chile (X tons) represented the main importer of hazelnuts, committing X% of total imports. It was distantly followed by the Dominican Republic (X tons) and Brazil (X tons), together mixing up a X% share of total imports. Panama (X tons) followed a long way behind the leaders.

Chile was also the fastest-growing in terms of the hazelnuts imports, with a CAGR of X% from 2012 to 2022. At the same time, Panama (X%) and the Dominican Republic (X%) displayed positive paces of growth. By contrast, Brazil (X%) illustrated a downward trend over the same period. Chile (X p.p.), the Dominican Republic (X p.p.) and Panama (X p.p.) significantly strengthened its position in terms of the total imports, while Brazil saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Chile ($X) constitutes the largest market for imported hazelnuts in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by the Dominican Republic ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Chile amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: the Dominican Republic (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Panama ($X per ton), while the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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