U.S.: Brazil Nut Market 2022

Brazil Nut Market Size in the U.S.

The U.S. brazil nut market soared to $X in 2021, rising by 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). Overall, consumption saw a buoyant expansion. Brazil nut consumption peaked in 2021 and is expected to retain growth in the immediate term.

Brazil Nut Exports

Exports from the U.S.

Brazil nut exports from the United States soared to X tonnes in 2021, growing by X% compared with the year before. Over the period under review, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tonnes. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, brazil nut exports soared to $X in 2021. Overall, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tonnes) was the main destination for brazil nut exports from the United States, with a X% share of total exports. Moreover, brazil nut exports to Spain exceeded the volume sent to the second major destination, Japan (X tonnes), twofold. Canada (X tonnes) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Spain amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and Canada (-X% per year).

In value terms, Spain ($X) remains the key foreign market for brazil nut exports from the United States, comprising X% of total exports. The second position in the ranking was occupied by Japan ($X), with a X% share of total exports. It was followed by Canada, with an X% share.

From 2012 to 2021, the average annual growth rate of value to Spain totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and Canada (-X% per year).

Export Prices by Country

In 2021, the average brazil nut export price amounted to $X per tonne, increasing by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% year-to-year. As a result, the export price attained the peak level of $X per tonne. From 2018 to 2021, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Japan ($X per tonne), while the average price for exports to Canada ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Brazil Nut Imports

Imports into the U.S.

Brazil nut imports into the United States skyrocketed to X tonnes in 2021, jumping by X% on the previous year's figure. Overall, imports saw a remarkable increase. 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 2021. Over the period under review, imports recorded a temperate expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Brazil (X tonnes) constituted the largest supplier of brazil nut to the United States, accounting for a X% share of total imports. Moreover, brazil nut imports from Brazil exceeded the figures recorded by the second-largest supplier, Nigeria (X tonnes), sevenfold.

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

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

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil amounted to +X%.

Import Prices by Country

The average brazil nut import price stood at $X per tonne in 2021, picking up by X% against the previous year. Over the period under review, the import price, however, showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% year-to-year. Over the period under review, average import prices attained the maximum at $X per tonne in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Brazil ($X per tonne), while the price for Nigeria totaled $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (X%).

Source: IndexBox Platform