U.S.: Brazil Nut Market Overview 2021

Brazil Nut Market Size in the U.S.

The U.S. brazil nut market surged to $X in 2020, 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, however, saw a deep slump. The most prominent rate of growth was recorded in 2017 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2008; however, from 2009 to 2020, consumption stood at a somewhat lower figure.

Brazil Nut Exports

Exports from the U.S.

In 2020, exports of brazil nuts from the U.S. dropped rapidly to X tonnes, reducing by -X% on 2019 figures. Overall, exports recorded a mild reduction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, exports attained the peak of X tonnes. from 2017 to 2020, the growth exports remained at a lower figure.

In value terms, brazil nut exports contracted significantly to $X in 2020. Over the period under review, exports posted pronounced growth. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

Exports by Country

Canada (X tonnes), Spain (X tonnes) and Morocco (X tonnes) were the main destinations of brazil nut exports from the U.S., together accounting for X% of total exports. These countries were followed by Colombia, which accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia, while exports for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X), Canada ($X) and Morocco ($X) were the largest markets for brazil nut exported from the U.S. worldwide, together accounting for X% of total exports. Colombia lagged somewhat behind, comprising a further X recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2020, the average brazil nut export price amounted to $X per tonne, surging by X% against the previous year. Over the period under review, export price indicated a notable increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, brazil nut export price increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2017 an increase of X% year-to-year. As a result, export price attained the peak level of $X per tonne. from 2018 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Morocco ($X per tonne), while the average price for exports to Colombia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Canada, while the prices for the other major destinations experienced mixed trend patterns.

Brazil Nut Imports

Imports into the U.S.

In 2020, approx. X tonnes of brazil nuts were imported into the U.S.; surging by X% on the previous year's figure. Overall, imports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Imports peaked at X tonnes in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, brazil nut imports fell to $X in 2020. In general, imports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Imports peaked at $X in 2007; however, from 2008 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Brazil (X tonnes) constituted the largest supplier of brazil nut to the U.S., accounting for a X% share of total imports. Moreover, brazil nut imports from Brazil exceeded the figures recorded by the second-largest supplier, Peru (X tonnes), threefold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Brazil totaled -X%.

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

From 2007 to 2020, the average annual rate of growth in terms of value from Brazil stood at -X%.

Import Prices by Country

In 2020, the average brazil nut import price amounted to $X per tonne, with a decrease of -X% against the previous year. Overall, the import price, however, saw a notable expansion. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. The import price peaked at $X per tonne in 2011; however, from 2012 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Brazil ($X per tonne), while the price for Peru totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Brazil.

Source: IndexBox 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 2020 were Bolivia (31K tonnes), Brazil (28K tonnes) and Indonesia (9.1K tonnes), together accounting for 79% of global consumption.

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 2020 were Brazil (33K tonnes), Bolivia (31K tonnes) and Indonesia (9.1K tonnes), with a combined 79% share of global production. Peru, Afghanistan and Benin lagged somewhat behind, together accounting for a further 14%.

What are the leading suppliers of brazil nuts to the U.S.?

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In value terms, Brazil ($1.5M) constituted the largest supplier of brazil nut to the U.S., comprising 82% of total imports. The second position in the ranking was occupied by Peru ($309K), with a 17% share of total imports.

What are the leading importers of brazil nuts from the U.S.?

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In value terms, the largest markets for brazil nut exported from the U.S. were Spain ($158K), Canada ($136K) and Morocco ($86K), with a combined 93% share of total exports. These countries were followed by Colombia, which accounted for a further 2.4%.

What is the average export price for brazil nuts in the U.S.?

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In 2020, the average brazil nut export price amounted to $3,525 per tonne, increasing by 27% against the previous year.

What is the average import price for brazil nuts in the U.S.?

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The average brazil nut import price stood at $2,946 per tonne in 2020, waning by -24% against the previous year.

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