Thailand - Hazelnuts - Market Analysis, Forecast, Size, Trends and Insights

Thailand: Hazelnut Market Overview 2019

Hazelnut Market Size in Thailand

The revenue of the hazelnut market in Thailand amounted to $X in 2017, growing by X% against the previous year. Overall, hazelnut consumption continues to indicate a skyrocketing growth. The pace of growth appeared the most rapid in 2016, when it surged by X% year-to-year. Over the period under review, the hazelnut market reached its maximum level in 2017, and is likely to see steady growth in the immediate term.

Hazelnut Production in Thailand

Hazelnut production in Thailand amounted to X kg in 2017, flattening at the previous year. Overall, hazelnut production continues to indicate a drastic drop. The most prominent rate of growth was recorded in 2008, when it surged by X% against the previous year. The hazelnut production peaked of X kg in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Hazelnut Exports from Thailand

In 2017, the amount of hazelnuts exported from Thailand stood at X kg, flattening at the previous year. In general, hazelnut exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008, when exports increased by X% against the previous year. The exports peaked of X kg in 2011; however, from 2012 to 2017, it failed to regain its momentum.

In value terms, hazelnut exports amounted to $X in 2017. In general, hazelnut exports continue to indicate a remarkable increase. The exports peaked in 2017, and are likely to see steady growth in the immediate term.

Hazelnut Exports by Country from Thailand

Viet Nam (X tonnes), Malaysia (X tonnes) and Ireland (X kg) were the main destinations of hazelnut exports from Thailand.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Viet Nam (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, largest markets for hazelnut exported from Thailand were Viet Nam ($X), Malaysia ($X) and Ireland ($X).

Viet Nam (+X% per year) experienced the highest rates of growth with regard to exports, in terms of the main countries of destination over the last decade, while the other leaders experienced more modest paces of growth.

Hazelnut Export Prices by Country in Thailand

In 2017, the average hazelnut export price amounted to $X per tonne, rising by X% against the previous year. Overall, hazelnut export price continues to indicate a strong growth. The most prominent rate of growth was recorded in 2015, an increase of X% year-to-year. Over the period under review, the average export prices for hazelnuts reached its peak figure level in 2017, and is expected to retain its growth in the near future.

Average export prices varied noticeably for the major foreign markets. In 2017, the countries with the highest export prices were Viet Nam ($X per tonne) and Malaysia ($X per tonne), while average price for exports to Ireland ($X per tonne) and Seychelles ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Viet Nam (+X% per year), the export prices for other major destinations experienced more modest paces of growth.

Hazelnut Imports into Thailand

In 2017, hazelnut imports into Thailand totaled X kg, jumping by X% against the previous year. In general, hazelnut imports continue to indicate a skyrocketing expansion. The pace of growth was the most pronounced in 2011, with an increase of X% y-o-y. Over the period under review, the hazelnut imports reached its maximum volume in 2017, and are likely to continue its growth in the near future.

In value terms, hazelnut imports stood at $X in 2017. Overall, hazelnut imports continue to indicate an outstanding increase. Over the period under review, the hazelnut imports attained its peak figure level in 2017, and are expected to retain its growth in the immediate term.

Hazelnut Imports by Country into Thailand

In 2017, China, Hong Kong SAR (X tonnes) was the main supplier of hazelnut to Thailand, with a X% share of total imports. Moreover, hazelnut imports from China, Hong Kong SAR exceeded the figures recorded by the second largest supplier, the U.S. (X tonnes), fivefold.

From 2007 to 2017, the average annual growth rate of volume from China, Hong Kong SAR amounted to -X%.

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

From 2007 to 2017, the average annual growth rate of value from China, Hong Kong SAR amounted to -X%.

Hazelnut Import Prices by Country in Thailand

The average hazelnut import price stood at $X per tonne in 2017, stabilizing at the previous year. Overall, the import price indicated a remarkable increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the hazelnut import price increased by +X% against 2007 indices. The growth pace was the most rapid in 2013, an increase of X% y-o-y. In that year, the average import prices for hazelnuts attained their peak level of $X per tonne; afterwards, it flattened through to 2017.

Average import prices varied somewhat amongst the major supplying countries. In 2017, the countries with the highest import prices were the U.S. ($X per tonne) and China, Hong Kong SAR ($X per tonne), while prices for hazelnut imports from China, Hong Kong SAR ($X per tonne) and the U.S. ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the U.S. (+X% per year).

Source: IndexBox AI Platform