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Singapore - Hazelnuts - Market Analysis, Forecast, Size, Trends and Insights
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Singapore: Hazelnut Market Overview 2021

Hazelnut Market Size in Singapore

The Singaporean hazelnut market rose modestly to $X in 2020, with an increase of 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). Overall, consumption posted a resilient expansion. The most prominent rate of growth was recorded in 2009 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2020, consumption failed to regain the momentum.

Hazelnut Exports

Exports from Singapore

In 2020, overseas shipments of hazelnuts were finally on the rise to reach X kg after two years of decline. Over the period under review, exports posted a slight expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% year-to-year. As a result, exports attained the peak of X tonnes. from 2018 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, hazelnut exports expanded slightly to $X in 2020. Overall, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Exports peaked in 2020 and are likely to see steady growth in the near future.

Exports by Country

Malaysia (X kg) was the main destination for hazelnut exports from Singapore, with a X% share of total exports. Moreover, hazelnut exports to Malaysia exceeded the volume sent to the second major destination, Brunei Darussalam (X kg), twofold. Indonesia (X kg) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Malaysia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (+X% per year) and Indonesia (+X% per year).

In value terms, Malaysia ($X) emerged as the key foreign market for hazelnut exports from Singapore, comprising X% of total exports. The second position in the ranking was occupied by Brunei Darussalam ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Malaysia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (+X% per year) and Indonesia (+X% per year).

Export Prices by Country

The average hazelnut export price stood at $X per tonne in 2020, which is down by -X% against the previous year. In general, the export price, however, posted a resilient increase. The growth pace was the most rapid in 2019 when the average export price increased by X% y-o-y. As a result, export price attained the peak level of $X per tonne, and then declined sharply in the following year.

Average prices varied noticeably for the major overseas markets. In 2020, the countries with the highest prices were Cambodia ($X per tonne) and Malaysia ($X per tonne), while the average price for exports to Indonesia ($X per tonne) and Brunei Darussalam ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Brunei Darussalam, while the prices for the other major destinations experienced more modest paces of growth.

Hazelnut Imports

Imports into Singapore

In 2020, approx. X tonnes of hazelnuts were imported into Singapore; with an increase of X% against the previous year's figure. Overall, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. Imports peaked at X tonnes in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

In value terms, hazelnut imports amounted to $X in 2020. In general, imports continue to indicate a resilient increase. The growth pace was the most rapid in 2009 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

China (X tonnes), the U.S. (X tonnes) and Turkey (X kg) were the main suppliers of hazelnut imports to Singapore, with a combined X% share of total imports. Italy and France lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Italy, while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the U.S. ($X) and Italy ($X) appeared to be the largest hazelnut suppliers to Singapore, together accounting for X% of total imports. These countries were followed by Turkey and France, which together accounted for a further X terms of the main suppliers, France (+X% per year) recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hazelnut import price stood at $X per tonne in 2020, which is down by -X% against the previous year. Over the period under review, the import price, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2009 an increase of X% year-to-year. Over the period under review, average import prices reached the maximum at $X per tonne in 2019, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hazelnuts in the world?
+
The country with the largest volume of hazelnut consumption was Turkey (787K tonnes), comprising approx. 66% of total volume. Moreover, hazelnut consumption in Turkey exceeded the figures recorded by the second-largest consumer, Italy (125K tonnes), sixfold. The third position in this ranking was occupied by China (71K tonnes), with a 5.9% share.
What are the largest producers of hazelnuts in the world?
+
Turkey (788K tonnes) constituted the country with the largest volume of hazelnut production, comprising approx. 67% of total volume. Moreover, hazelnut production in Turkey exceeded the figures recorded by the second-largest producer, Italy (121K tonnes), sevenfold. China (60K tonnes) ranked third in terms of total production with a 5% share.
What are the leading suppliers of hazelnuts to Singapore?
+
In value terms, the largest hazelnut suppliers to Singapore were China ($21K), the U.S. ($18K) and Italy ($6.6K), together comprising 80% of total imports. These countries were followed by Turkey and France, which together accounted for a further 17%.
What are the leading importers of hazelnuts from Singapore?
+
In value terms, Malaysia ($4.1K) emerged as the key foreign market for hazelnut exports from Singapore, comprising 64% of total exports. The second position in the ranking was occupied by Brunei Darussalam ($1.7K), with a 27% share of total exports. It was followed by Indonesia, with a 6.4% share.
What is the average export price for hazelnuts in Singapore?
+
The average hazelnut export price stood at $6,947 per tonne in 2020, with a decrease of -33.6% against the previous year.
What is the average import price for hazelnuts in Singapore?
+
In 2020, the average hazelnut import price amounted to $8,450 per tonne, declining by -13% against the previous year.

Product coverage:
• FCL 225 - Hazelnuts (Filberts)

This report provides an in-depth analysis of the hazelnut market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Singapore

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Singapore
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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