Spain: Brazil Nut Market 2022

Brazil Nut Market Size in Spain

In 2021, the Spanish brazil nut market decreased by -X% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, consumption recorded a relatively flat trend pattern. Brazil nut consumption peaked at $X in 2020, and then dropped in the following year.

Brazil Nut Production in Spain

In value terms, brazil nut production declined to $X in 2021 estimated in export prices. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X, and then dropped in the following year.

In 2021, the average yield of brazil nuts in Spain amounted to less than X kg per ha, flattening at 2020 figures. Overall, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the brazil nut harvested area in Spain totaled less than X ha, standing approx. at the previous year's figure. Over the period under review, the harvested area recorded a relatively flat trend pattern.

Brazil Nut Exports

Exports from Spain

In 2021, overseas shipments of brazil nuts decreased by -X% to X tonnes, falling for the fifth year in a row after three years of growth. Over the period under review, exports showed a significant curtailment. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. The exports peaked at X tonnes in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, brazil nut exports contracted remarkably to $X in 2021. Overall, exports showed a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X tonnes), Portugal (X tonnes) and France (X tonnes) were the main destinations of brazil nut exports from Spain, with a combined X% share of total exports. Bulgaria lagged somewhat behind, comprising a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (+X%), while the other leaders experienced mixed trend patterns.

In value terms, Italy ($X), Portugal ($X) and France ($X) were the largest markets for brazil nut exported from Spain worldwide, with a combined X% share of total exports. These countries were followed by Bulgaria, which accounted for a further X terms of the main countries of destination, Bulgaria, with a CAGR of +X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average brazil nut export price amounted to $X per tonne, falling by -X% against the previous year. Over the period under review, the export price, however, continues to indicate resilient growth. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per tonne, and then reduced dramatically in the following year.

Prices varied noticeably by the country of destination: the country with the highest price was France ($X per tonne), while the average price for exports to Bulgaria ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Brazil Nut Imports

Imports into Spain

In 2021, brazil nut imports into Spain reduced notably to X tonnes, which is down by -X% compared with 2020. In general, imports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2019 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, brazil nut imports dropped sharply to $X in 2021. Over the period under review, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth imports remained at a somewhat lower figure.

Imports by Country

France (X tonnes), the Netherlands (X tonnes) and Italy (X tonnes) were the main suppliers of brazil nut imports to Spain, with a combined X% share of total imports.

From 2012 to 2021, the biggest increases were in Italy (+X%), while purchases for the other leaders experienced a decline.

In value terms, France ($X) constituted the largest supplier of brazil nut to Spain, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with an X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from France stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Italy (-X% per year).

Import Prices by Country

In 2021, the average brazil nut import price amounted to $X per tonne, growing by X% against the previous year. Overall, the import price posted a modest expansion. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per tonne), while the price for the Netherlands ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform