Turkey: Brazil Nut Market Overview 2021

Brazil Nut Market Size in Turkey

The Turkish brazil nut market totaled $X in 2019, approximately equating 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 saw a relatively flat trend pattern. Brazil nut consumption peaked in 2019 and is expected to retain growth in years to come.

Brazil Nut Exports

Exports from Turkey

In 2019, overseas shipments of brazil nuts increased by X% to X kg, rising for the fourth consecutive year after five years of decline. Overall, exports showed a prominent increase. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X tonnes in 2010; however, from 2011 to 2019, exports remained at a lower figure.

In value terms, brazil nut exports expanded slightly to $X in 2019. Over the period under review, exports continue to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2009 when exports increased by X% year-to-year. Exports peaked at $X in 2010; however, from 2011 to 2019, exports remained at a lower figure.

Exports by Country

Qatar (X kg) was the main destination for brazil nut exports from Turkey, with a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to Qatar totaled +X%.

In value terms, Qatar ($X) also remains the key foreign market for brazil nut exports from Turkey.

From 2007 to 2019, the average annual rate of growth in terms of value to Qatar amounted to +X%.

Export Prices by Country

In 2019, the average brazil nut export price amounted to $X per tonne, which is down by -X% against the previous year. Over the period under review, the export price recorded a abrupt decline. The pace of growth was the most pronounced in 2009 an increase of X% against the previous year. Over the period under review, average export prices attained the peak figure at $X per tonne in 2014; however, from 2015 to 2019, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Qatar.

From 2007 to 2019, the rate of growth in terms of prices for Qatar amounted to -X% per year.

Brazil Nut Imports

Imports into Turkey

In 2019, brazil nut imports into Turkey surged to X tonnes, jumping by X% on 2018. Over the period under review, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, brazil nut imports soared to $X in 2019. In general, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2019, the U.S. (X tonnes) was the main brazil nut supplier to Turkey, accounting for a X% share of total imports. It was followed by Belgium (X kg), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of volume from the U.S. was relatively modest.

In value terms, the U.S. ($X) constituted the largest supplier of brazil nut to Turkey, comprising X% of total imports. The second position in the ranking was occupied by Belgium ($X), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of value from the U.S. was relatively modest.

Import Prices by Country

The average brazil nut import price stood at $X per tonne in 2019, waning by -X% against the previous year. Over the period under review, the import price recorded a dramatic slump. Over the period under review, average import prices attained the maximum at $X per tonne in 2018, and then contracted rapidly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Belgium ($X per tonne), while the price for the U.S. stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox AI 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 2019 were Bolivia (31K tonnes), Brazil (28K tonnes) and Ghana (20K tonnes), together accounting for 74% of global consumption. Peru, Indonesia, Viet Nam and Afghanistan lagged somewhat behind, together comprising a further 19%.

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 2019 were Brazil (33K tonnes), Bolivia (31K tonnes) and Ghana (20K tonnes), with a combined 76% share of global production. These countries were followed by Indonesia, Peru, Afghanistan and Benin, which together accounted for a further 19%.

What are the leading suppliers of brazil nuts to Turkey?

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In value terms, the U.S. ($129K) constituted the largest supplier of brazil nut to Turkey, comprising 79% of total imports. The second position in the ranking was occupied by Belgium ($34K), with a 21% share of total imports.

What are the leading importers of brazil nuts from Turkey?

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In value terms, Qatar ($650) remains the key foreign market for brazil nut exports from Turkey.

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

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In 2019, the average brazil nut export price amounted to $2,386 per tonne, which is down by -5.2% against the previous year.

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

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In 2019, the average brazil nut import price amounted to $3,344 per tonne, dropping by -29.9% against the previous year.