United Kingdom: Brazil Nut Market 2022

Brazil Nut Market Size in the UK

After two years of growth, the UK brazil nut market decreased by -X% to $X in 2021. In general, consumption saw a abrupt descent. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Brazil Nut Production in the UK

In value terms, brazil nut production surged to $X in 2021 estimated in export prices. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

The average yield of brazil nuts in the UK stood at less than X kg per ha in 2021, stabilizing at the year before. Over the period under review, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of brazil nuts production in the UK was estimated at less than X ha, almost unchanged from the previous year. In general, the harvested area showed a relatively flat trend pattern.

Brazil Nut Exports

Exports from the UK

In 2021, exports of brazil nuts from the UK soared to X tonnes, picking up by X% compared with 2020. In general, exports continue to indicate a significant increase. The exports peaked at X tonnes in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, brazil nut exports surged to $X in 2021. Overall, exports posted a significant increase. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Kenya (X tonnes) was the main destination for brazil nut exports from the UK, with a X% share of total exports. Moreover, brazil nut exports to Kenya exceeded the volume sent to the second major destination, Barbados (X tonnes), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kenya amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Barbados (X% per year) and Grenada (X% per year).

From 2012 to 2021, the average annual rate of growth in terms of value to Kenya amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Barbados (X% per year) and Grenada (X% per year).

Export Prices by Country

The average brazil nut export price stood at $X per tonne in 2021, falling by -X% against the previous year. In general, the export price, however, showed a noticeable increase. The most prominent rate of growth was recorded in 2015 an increase of X% y-o-y. As a result, the export price reached the peak level of $X per tonne. From 2016 to 2021, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Kenya ($X per tonne), while the average price for exports to Grenada ($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 Kenya (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Brazil Nut Imports

Imports into the UK

In 2021, imports of brazil nuts into the UK reduced slightly to X tonnes, dropping by -X% compared with 2020. Over the period under review, imports showed a mild decline. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, brazil nut imports declined modestly to $X in 2021. Overall, imports showed a pronounced decrease. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X tonnes) constituted the largest supplier of brazil nut to the UK, accounting for a X% share of total imports. Moreover, brazil nut imports from Italy exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy amounted to -X%.

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

From 2012 to 2021, the average annual growth rate of value from Italy stood at -X%.

Import Prices by Country

The average brazil nut import price stood at $X per tonne in 2021, remaining constant against the previous year. Over the period under review, the import price showed a pronounced curtailment. The most prominent rate of growth was recorded in 2016 an increase of X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2017 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per tonne), while the price for the Netherlands totaled $X per tonne.

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

Source: IndexBox Platform