Thailand: Hazelnut Market Overview 2021

Hazelnut Market Size in Thailand

The Thai hazelnut market stood at $X in 2019, approximately mirroring 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 posted a significant increase. Over the period under review, the market reached the maximum level in 2019 and is likely to see gradual growth in the immediate term.

Hazelnut Exports

Exports from Thailand

In 2019, overseas shipments of hazelnuts increased by X% to X kg, rising for the seventh consecutive year after five years of decline. Over the period under review, exports, however, recorded a perceptible slump. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. Exports peaked at X kg in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

In value terms, hazelnut exports skyrocketed to $X in 2019. Overall, exports, however, recorded a pronounced contraction. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Exports by Country

Malaysia (X kg), Viet Nam (X kg) and Australia (X kg) were the main destinations of hazelnut exports from Thailand, together accounting for X% of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Viet Nam, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hazelnut exported from Thailand were Viet Nam ($X), Malaysia ($X) and Australia ($X), with a combined X% share of total exports.

Among the main countries of destination, Viet Nam 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 mixed trend patterns.

Export Prices by Country

The average hazelnut export price stood at $X per tonne in 2019, picking up by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per tonne in 2012; however, from 2013 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Viet Nam ($X per tonne), while the average price for exports to Qatar ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Australia, while the prices for the other major destinations experienced a decline.

Hazelnut Imports

Imports into Thailand

In 2019, approx. X tonnes of hazelnuts were imported into Thailand; leveling off at the year before. Overall, imports continue to indicate significant growth. Over the period under review, imports reached the maximum in 2019 and are likely to see steady growth in years to come.

In value terms, hazelnut imports amounted to $X in 2019. In general, imports posted significant growth. Imports peaked in 2019 and are expected to retain growth in years to come.

Imports by Country

In 2019, Hong Kong SAR (X tonnes) constituted the largest hazelnut supplier to Thailand, accounting for a X% share of total imports. Moreover, hazelnut imports from Hong Kong SAR exceeded the figures recorded by the second-largest supplier, France (X tonnes), threefold.

From 2007 to 2019, the average annual growth rate of volume from Hong Kong SAR amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and the U.S. (+X% per year).

In value terms, Hong Kong SAR ($X) constituted the largest supplier of hazelnut to Thailand, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of value from Hong Kong SAR stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and France (X% per year).

Import Prices by Country

The average hazelnut import price stood at $X per tonne in 2019, approximately equating the previous year. Overall, the import price recorded a significant curtailment. The import price peaked at $X per tonne in 2015; however, from 2016 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Hong Kong SAR ($X per tonne), while the price for France ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hazelnuts in the world?

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Turkey (775K tonnes) constituted the country with the largest volume of hazelnut consumption, comprising approx. 68% of total volume. Moreover, hazelnut consumption in Turkey exceeded the figures recorded by the second-largest consumer, Italy (103K tonnes), eightfold. China (59K tonnes) ranked third in terms of total consumption with a 5.2% share.

What are the largest producers of hazelnuts in the world?

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Turkey (776K tonnes) remains the largest hazelnut producing country worldwide, accounting for 68% of total volume. Moreover, hazelnut production in Turkey exceeded the figures recorded by the second-largest producer, Italy (99K tonnes), eightfold. China (59K tonnes) ranked third in terms of total production with a 5.1% share.

What are the leading suppliers of hazelnuts to Thailand?

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In value terms, Hong Kong SAR ($456K) constituted the largest supplier of hazelnut to Thailand, comprising 71% of total imports. The second position in the ranking was occupied by the U.S. ($109K), with a 17% share of total imports.

What are the leading importers of hazelnuts from Thailand?

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In value terms, the largest markets for hazelnut exported from Thailand were Viet Nam ($639), Malaysia ($338) and Australia ($52), with a combined 100% share of total exports.

What is the average export price for hazelnuts in Thailand?

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In 2019, the average hazelnut export price amounted to $3,201 per tonne, increasing by 13% against the previous year.

What is the average import price for hazelnuts in Thailand?

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In 2019, the average hazelnut import price amounted to $1,000 per tonne, leveling off at the previous year.