South-Eastern Asia: Brazil Nut Market 2024

Brazil Nut Market Size in South-Eastern Asia

The Southeast Asian brazil nut market rose modestly to $X in 2022, surging by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Brazil Nut Production in South-Eastern Asia

In value terms, brazil nut production reached $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Indonesia (X tons) constituted the country with the largest volume of brazil nut production, comprising approx. X% of total volume. Moreover, brazil nut production in Indonesia exceeded the figures recorded by the second-largest producer, Thailand (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume in Indonesia was relatively modest. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Lao People's Democratic Republic (X% per year).

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Brazil Nut Exports

Exports in South-Eastern Asia

In 2022, after two years of growth, there was significant decline in shipments abroad of brazil nuts, when their volume decreased by X% to X tons. In general, exports showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, brazil nut exports contracted rapidly to $X in 2022. Over the period under review, exports recorded a sharp shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam was the major exporter of brazil nuts in South-Eastern Asia, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Indonesia (X tons), generating a X% share of total exports. Thailand (X kg) followed a long way behind the leaders.

Vietnam was also the fastest-growing in terms of the brazil nuts exports, with a CAGR of X% from 2012 to 2022. Indonesia (X%) and Thailand (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (X p.p.) and Indonesia (X p.p.) displayed negative dynamics.

In value terms, Vietnam ($X), Thailand ($X) and Indonesia ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Among the main exporting countries, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price recorded a moderate expansion. Over the period under review, the export prices reached the peak figure at $X per ton in 2016; however, from 2017 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 Thailand ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Brazil Nut Imports

Imports in South-Eastern Asia

In 2022, overseas purchases of brazil nuts increased by X% to X tons for the first time since 2014, thus ending a seven-year declining trend. Over the period under review, imports saw slight growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, brazil nut imports rose modestly to $X in 2022. In general, imports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Vietnam (X tons) represented the major importer of brazil nuts, committing X% of total imports. It was distantly followed by Brunei Darussalam (X tons), constituting a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to brazil nut imports into Vietnam stood at X%. At the same time, Brunei Darussalam (X%) displayed positive paces of growth. Moreover, Brunei Darussalam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Brunei Darussalam (X p.p.) significantly strengthened its position in terms of the total imports, while Vietnam saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Vietnam ($X) constitutes the largest market for imported brazil nuts in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Brunei Darussalam ($X), with an X% share of total imports.

In Vietnam, brazil nut imports shrank by an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price recorded a abrupt setback. The growth pace was the most rapid in 2014 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Vietnam ($X per ton), while Brunei Darussalam amounted to $X per ton.

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

Source: IndexBox Platform

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