Turkey: Brazil Nut Market 2022

Brazil Nut Market Size in Turkey

The Turkish brazil nut market rose to $X in 2021, with an increase of X% against 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, however, continues to indicate a slight decrease. Brazil nut consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Brazil Nut Exports

Exports from Turkey

In 2021, approx. X tonnes of brazil nuts were exported from Turkey; with a decrease of -X% compared with 2020 figures. Over the period under review, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% year-to-year. As a result, the exports attained the peak of X tonnes, and then reduced markedly in the following year.

In value terms, brazil nut exports contracted rapidly to $X in 2021. Overall, exports, however, posted a tangible increase. The growth pace was the most rapid in 2020 with an increase of X% y-o-y. As a result, the exports reached the peak of $X, and then shrank dramatically in the following year.

Exports by Country

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

From 2012 to 2021, the average annual rate of growth in terms of volume to Qatar stood at +X%.

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

From 2012 to 2021, the average annual growth rate of value to Qatar stood at +X%.

Export Prices by Country

In 2021, the average brazil nut export price amounted to $X per tonne, rising by X% against the previous year. Overall, the export price, however, continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% year-to-year. As a result, the export price reached the peak level of $X per tonne. From 2020 to 2021, the the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Qatar amounted to -X% per year.

Brazil Nut Imports

Imports into Turkey

In 2021, after nine years of growth, there was decline in purchases abroad of brazil nuts, when their volume decreased by -X% to X tonnes. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by X% year-to-year. As a result, imports attained the peak of X tonnes, leveling off in the following year.

In value terms, brazil nut imports fell to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by X% y-o-y. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

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

From 2012 to 2019, the average annual growth rate of volume from the United States was relatively modest.

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

From 2012 to 2019, the average annual rate of growth in terms of value from the United States was relatively modest.

Import Prices by Country

In 2019, the average brazil nut import price amounted to $X per tonne, flattening at the previous year. In general, the import price recorded a relatively flat trend pattern. The import price peaked in 2019 and is expected to retain growth in years to come.

Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($X per tonne), while the price for the United States totaled $X per tonne.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform