United Arab Emirates: Shelled Hazelnut Market 2022

Shelled Hazelnut Market Size in the United Arab Emirates

The shelled hazelnut market in the United Arab Emirates soared to $X in 2021, with an increase of 15% 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 saw a pronounced expansion. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Shelled Hazelnut Exports

Exports from the United Arab Emirates

In 2021, shipments abroad of shelled hazelnuts increased by 5,117% to X tons, rising for the second consecutive year after two years of decline. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, shelled hazelnut exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Iran (X tons) was the main destination for shelled hazelnut exports from the United Arab Emirates, with a 49% share of total exports. Moreover, shelled hazelnut exports to Iran exceeded the volume sent to the second major destination, Turkey (X tons), threefold. The third position in this ranking was taken by Pakistan (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Iran was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+89.2% per year) and Pakistan (+103.9% per year).

In value terms, Iran ($X) emerged as the key foreign market for shelled hazelnut exports from the United Arab Emirates, comprising 51% of total exports. The second position in the ranking was taken by Turkey ($X), with a 17% share of total exports. It was followed by Saudi Arabia, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Iran was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+80.0% per year) and Saudi Arabia (+18,114.3% per year).

Export Prices by Country

In 2021, the average shelled hazelnut export price amounted to $X per ton, reducing by -14.8% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 174% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Oman ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+9.6%), while the prices for the other major destinations experienced mixed trend patterns.

Shelled Hazelnut Imports

Imports into the United Arab Emirates

In 2021, shelled hazelnut imports into the United Arab Emirates surged to X tons, jumping by 330% against 2020. Over the period under review, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, shelled hazelnut imports soared to $X in 2021. Overall, imports recorded a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) was the main shelled hazelnut supplier to the United Arab Emirates, accounting for a 96% share of total imports. Moreover, shelled hazelnut imports from Turkey exceeded the figures recorded by the second-largest supplier, Georgia (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Turkey stood at +23.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Georgia (+21.0% per year) and Italy (-38.6% per year).

In value terms, Turkey ($X) constituted the largest supplier of shelled hazelnut to the United Arab Emirates, comprising 95% of total imports. The second position in the ranking was held by Georgia ($X), with a 4.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey totaled +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Georgia (+8.6% per year) and Italy (-34.6% per year).

Import Prices by Country

In 2021, the average shelled hazelnut import price amounted to $X per ton, shrinking by -28.1% against the previous year. Over the period under review, the import price showed a noticeable setback. The pace of growth appeared the most rapid in 2014 an increase of 44% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+6.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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