Spain: Brazil Nut Market Overview 2021

Brazil Nut Market Size in Spain

In 2019, the Spanish brazil nut market decreased by -X% to $X, falling for the ninth year in a row after two years of growth. In general, consumption recorded a sharp curtailment. The pace of growth was the most pronounced in 2011 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2019, consumption remained at a lower figure.

Brazil Nut Production in Spain

In value terms, brazil nut production contracted sharply to $X in 2020 estimated in export prices. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2020, production failed to regain the momentum.

The average yield of brazil nuts in Spain stood at X kg per ha in 2020, flattening at 2019. In general, 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 2020, the total area harvested in terms of brazil nuts production in Spain amounted to X ha, approximately reflecting the previous year's figure. Overall, the harvested area saw a relatively flat trend pattern.

Brazil Nut Exports

Exports from Spain

In 2020, overseas shipments of brazil nuts decreased by -X% to X tonnes, falling for the fourth year in a row after three years of growth. Over the period under review, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2012 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at X tonnes in 2016; however, from 2017 to 2020, exports failed to regain the momentum.

In value terms, brazil nut exports fell sharply to $X in 2020. Overall, exports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. Exports peaked at $X in 2016; however, from 2017 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Italy (X tonnes) was the main destination for brazil nut exports from Spain, accounting for a X% share of total exports. Moreover, brazil nut exports to Italy exceeded the volume sent to the second major destination, Morocco (X tonnes), twofold. The third position in this ranking was occupied by Mexico (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Italy totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+X% per year) and Mexico (X% per year).

In value terms, Morocco ($X) emerged as the key foreign market for brazil nut exports from Spain, comprising X% of total exports. The second position in the ranking was occupied by Italy ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Morocco amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and the UK (+X% per year).

Export Prices by Country

In 2020, the average brazil nut export price amounted to $X per tonne, with a decrease of -X% against the previous year. In general, the export price recorded a noticeable curtailment. The pace of growth was the most pronounced in 2013 when the average export price increased by X% year-to-year. Over the period under review, average export prices attained the maximum at $X per tonne in 2008; however, from 2009 to 2020, export prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to France, while the prices for the other major destinations experienced mixed trend patterns.

Brazil Nut Imports

Imports into Spain

In 2020, imports of brazil nuts into Spain dropped dramatically to X tonnes, reducing by -X% against the year before. In general, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

In value terms, brazil nut imports fell notably to $X in 2020. Over the period under review, imports showed a abrupt decrease. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Cote d'Ivoire (X tonnes) constituted the largest supplier of brazil nut to Spain, accounting for a X% share of total imports. Moreover, brazil nut imports from Cote d'Ivoire exceeded the figures recorded by the second-largest supplier, France (X tonnes), threefold. Belgium (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Cote d'Ivoire totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-X% per year) and Belgium (+X% per year).

In value terms, France ($X) constituted the largest supplier of brazil nut to Spain, comprising X% of total imports. The second position in the ranking was occupied by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2007 to 2020, the average annual growth rate of value from France amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Cote d'Ivoire (+X% per year) and the UK (+X% per year).

Import Prices by Country

In 2020, the average brazil nut import price amounted to $X per tonne, picking up by X% against the previous year. In general, the import price, however, showed a perceptible shrinkage. Over the period under review, average import prices reached the peak figure at $X per tonne in 2008; however, from 2009 to 2020, import prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox 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 2020 were Bolivia (31K tonnes), Brazil (28K tonnes) and Indonesia (9.1K tonnes), with a combined 79% share of global consumption.

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 2020 were Brazil (33K tonnes), Bolivia (31K tonnes) and Indonesia (9.1K tonnes), together accounting for 79% of global production. These countries were followed by Peru, Afghanistan and Benin, which together accounted for a further 14%.

What are the leading suppliers of brazil nuts to Spain?

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In value terms, France ($308K) constituted the largest supplier of brazil nut to Spain, comprising 63% of total imports. The second position in the ranking was occupied by Cote d'Ivoire ($65K), with a 13% share of total imports. It was followed by the UK, with a 11% share.

What are the leading importers of brazil nuts from Spain?

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In value terms, Morocco ($143K) emerged as the key foreign market for brazil nut exports from Spain, comprising 42% of total exports. The second position in the ranking was occupied by Italy ($63K), with a 19% share of total exports. It was followed by the UK, with a 18% share.

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

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In 2020, the average brazil nut export price amounted to $799 per tonne, reducing by -4.4% against the previous year.

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

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In 2020, the average brazil nut import price amounted to $1,774 per tonne, rising by 36% against the previous year.

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