Philippines: Brazil Nut Market Overview 2021

Brazil Nut Market Size in the Philippines

The Philippine brazil nut market contracted markedly to $X in 2019, which is down 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). Over the period under review, consumption faced a sharp slump. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, the market attained the peak level at $X in 2007; however, from 2008 to 2019, consumption remained at a lower figure.

Brazil Nut Exports

Exports from the Philippines

In 2019, shipments abroad of brazil nuts decreased by -X% to X tonnes, falling for the fifth consecutive year after two years of growth. Over the period under review, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2009; however, from 2010 to 2019, exports remained at a lower figure.

In value terms, brazil nut exports totaled $X in 2019. In general, exports showed a perceptible expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X% y-o-y. Over the period under review, exports hit record highs in 2019 and are likely to see steady growth in the near future.

Exports by Country

Qatar (X tonnes) was the main destination for brazil nut exports from the Philippines, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to Qatar totaled +X%.

In value terms, Qatar ($X) also remains the key foreign market for brazil nut exports from the Philippines.

From 2007 to 2019, the average annual rate of growth in terms of value to Qatar amounted to +X%.

Export Prices by Country

The average brazil nut export price stood at $X per tonne in 2019, increasing by X% against the previous year. In general, the export price showed a prominent increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% year-to-year. The export price peaked in 2019 and is expected to retain growth in the near future.

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

From 2007 to 2019, the rate of growth in terms of prices for Qatar amounted to +X% per year.

Brazil Nut Imports

Imports into the Philippines

In 2019, supplies from abroad of brazil nuts increased by X% to X tonnes for the first time since 2007, thus ending a eleven-year declining trend. In general, imports, however, continue to indicate a significant decrease. Over the period under review, imports hit record highs at X tonnes in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

In value terms, brazil nut imports surged to $X in 2019. Over the period under review, imports, however, recorded a deep setback. Over the period under review, imports attained the maximum at $X in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

Imports by Country

In 2018, Australia (X kg) was the main brazil nut supplier to the Philippines, with a approx. X% share of total imports.

From 2007 to 2018, the average annual rate of growth in terms of volume from Australia was relatively modest.

In value terms, Australia ($X) constituted the largest supplier of brazil nut to the Philippines.

From 2007 to 2018, the average annual rate of growth in terms of value from Australia was relatively modest.

Import Prices by Country

In 2018, the average brazil nut import price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, the import price saw a prominent expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Australia.

From 2007 to 2018, the rate of growth in terms of prices for Australia amounted to X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for brazil nuts in the world?

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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. Peru, Indonesia, Viet Nam and Afghanistan lagged somewhat behind, together comprising a further 19%.

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

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The countries with the highest volumes of brazil nut production in 2019 were Brazil (33K tonnes), Bolivia (31K tonnes) and Ghana (20K tonnes), with a combined 76% share 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 the Philippines?

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In value terms, Australia ($2.2K) constituted the largest supplier of brazil nut to the Philippines.

What are the leading importers of brazil nuts from the Philippines?

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In value terms, Qatar ($11K) remains the key foreign market for brazil nut exports from the Philippines.

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

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In 2019, the average brazil nut export price amounted to $9,204 per tonne, growing by 9.3% against the previous year.

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

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In 2018, the average brazil nut import price amounted to $6,591 per tonne, picking up by 43% against the previous year.