Northern America: Brazil Nut Market Overview 2021

Brazil Nut Market Size in Northern America

In 2019, the North American brazil nut market decreased by -X% to $X for the first time since 2016, thus ending a two-year rising trend. Overall, consumption continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 when the market value increased by X% year-to-year. The level of consumption peaked at $X in 2008; however, from 2009 to 2019, consumption remained at a lower figure.

Brazil Nut Production in Northern America

In value terms, brazil nut production soared to $X in 2019 estimated in export prices. In general, production recorded a relatively flat trend pattern. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2019, production failed to regain the momentum.

Canada (X tonnes) remains the largest brazil nut producing country in Northern America, comprising approx. X% of total volume.

From 2008 to 2019, the average annual growth rate of volume in Canada amounted to +X%.

Production By Country in Northern America

Canada (X tonnes) remains the largest brazil nut producing country in Northern America, accounting for X% of total volume.

From 2008 to 2019, the average annual rate of growth in terms of volume in Canada stood at +X%.

Brazil Nut Exports

Exports in Northern America

In 2019, shipments abroad of brazil nuts was finally on the rise to reach X tonnes after two years of decline. In general, exports posted a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. As a result, exports reached the peak of X tonnes. From 2017 to 2019, the growth exports failed to regain the momentum.

In value terms, brazil nut exports surged to $X in 2019. Over the period under review, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at $X in 2017; however, from 2018 to 2019, exports stood at a somewhat lower figure.

Exports by Country

In 2019, the U.S. (X tonnes), distantly followed by Canada (X tonnes) represented the main exporters of brazil nuts, together generating X% of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Canada.

In value terms, the U.S. ($X) remains the largest brazil nut supplier in Northern America, comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports.

In the U.S., brazil nut exports increased at an average annual rate of +X% over the period from 2007-2019.

Export Prices by Country

In 2019, the brazil nut export price in Northern America amounted to $X per tonne, picking up by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. As a result, export price reached the peak level of $X per tonne. From 2018 to 2019, the growth in terms of the export prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S..

Brazil Nut Imports

Imports in Northern America

Brazil nut imports reduced notably to X tonnes in 2019, dropping by -X% compared with 2018. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The volume of import peaked at X tonnes in 2008; however, from 2009 to 2019, imports remained at a lower figure.

In value terms, brazil nut imports reduced to $X in 2019. Overall, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2010 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2008; however, from 2009 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, the U.S. (X tonnes) was the largest importer of brazil nuts, committing X% of total imports. It was distantly followed by Canada (X tonnes), constituting a X% share of total imports.

Imports into the U.S. decreased at an average annual rate of -X% from 2007 to 2019. At the same time, Canada (+X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +X% from 2007-2019. While the share of Canada (+X p.p.) increased significantly in terms of the total imports from 2007-2019, the share of the U.S. (-X p.p.) displayed negative dynamics.

In value terms, the U.S. ($X) constitutes the largest market for imported brazil nuts in Northern America, comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports.

In the U.S., brazil nut imports contracted by an average annual rate of -X% over the period from 2007-2019.

Import Prices by Country

The brazil nut import price in Northern America stood at $X per tonne in 2019, rising by X% against the previous year. Import price indicated a prominent increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per tonne in 2011; however, from 2012 to 2019, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major importing countries. In 2019, the country with the highest price was Canada ($X per tonne), while the U.S. totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for brazil nuts in Northern America?

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The countries with the highest volumes of brazil nut consumption in 2019 were Canada (208 tonnes) and the U.S. (205 tonnes), together accounting for 100% of total consumption.

What are the largest producers of brazil nuts in Northern America?

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The country with the largest volume of brazil nut production was Canada (260 tonnes), comprising approx. 100% of total volume.

What are the leading suppliers of brazil nuts in Northern America?

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In value terms, the U.S. ($836K) remains the largest brazil nut supplier in Northern America, comprising 69% of total exports. The second position in the ranking was occupied by Canada ($372K), with a 31% share of total exports.

What are the leading importers of brazil nuts in Northern America?

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In value terms, the U.S. ($2M) constitutes the largest market for imported brazil nuts in Northern America, comprising 69% of total imports. The second position in the ranking was occupied by Canada ($901K), with a 31% share of total imports.

What is the average export price for brazil nuts in Northern America?

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The brazil nut export price in Northern America stood at $2,185 per tonne in 2019, rising by 1.8% against the previous year.

What is the average import price for brazil nuts in Northern America?

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The brazil nut import price in Northern America stood at $4,052 per tonne in 2019, with an increase of 17% against the previous year.