Middle East: Brazil Nut Market 2024

Brazil Nut Market Size in the Middle East

In 2022, the Middle Eastern brazil nut market increased by X% to $X, rising for the third year in a row after five years of decline. In general, consumption, however, recorded a pronounced shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Brazil Nut Production in the Middle East

In value terms, brazil nut production soared to $X in 2022 estimated in export price. In general, production, however, showed a slight setback. The growth pace was the most rapid in 2020 with an increase of X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

The United Arab Emirates (X tons) remains the largest brazil nut producing country in the Middle East, accounting for X% of total volume. Moreover, brazil nut production in the United Arab Emirates exceeded the figures recorded by the second-largest producer, Turkey (X tons), fivefold. Syrian Arab Republic (X tons) ranked third in terms of total production with a X% share.

In the United Arab Emirates, brazil nut production expanded at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Turkey (X% per year) and Syrian Arab Republic (X% per year).

Brazil Nut Exports

Exports in the Middle East

After eight years of decline, shipments abroad of brazil nuts increased by X% to X tons in 2022. Overall, exports continue to indicate a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, brazil nut exports soared to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, finishing at X tons, which was approx. X% of total exports in 2022. Syrian Arab Republic (X tons) and Palestine (X tons) held a relatively small share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the brazil nuts exports, with a CAGR of X% from 2012 to 2022. Palestine (X%) and Syrian Arab Republic (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points.

In value terms, the United Arab Emirates ($X) emerged as the largest brazil nut supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Syrian Arab Republic ($X), with an X% share of total exports.

In the United Arab Emirates, brazil nut exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Syrian Arab Republic (X% per year) and Palestine (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Syrian Arab Republic ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Palestine (X%), while the other leaders experienced a decline in the export price figures.

Brazil Nut Imports

Imports in the Middle East

In 2022, after two years of growth, there was decline in supplies from abroad of brazil nuts, when their volume decreased by X% to X tons. In general, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, brazil nut imports reduced to $X in 2022. Overall, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Saudi Arabia represented the main importing country with an import of about X tons, which finished at X% of total imports. It was distantly followed by the United Arab Emirates (X tons), Qatar (X tons), Yemen (X tons) and Iran (X tons), together comprising a X% share of total imports. The following importers - Lebanon (X tons) and Palestine (X tons) - each accounted for a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to brazil nut imports into Saudi Arabia stood at X%. At the same time, Lebanon (X%), Yemen (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Lebanon emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Iran (X%), Qatar (X%) and Palestine (X%) illustrated a downward trend over the same period. While the share of Saudi Arabia (X p.p.), the United Arab Emirates (X p.p.), Yemen (X p.p.) and Lebanon (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Qatar (X p.p.) and Palestine (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Qatar ($X), Saudi Arabia ($X) and the United Arab Emirates ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Lebanon, Iran, Yemen and Palestine lagged somewhat behind, together accounting for a further X%.

Lebanon, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Lebanon ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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