United Kingdom: Hazelnut Market Overview 2021

Hazelnut Market Size in the UK

The UK hazelnut market shrank dramatically to $X in 2019, waning 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). In general, consumption continues to indicate a mild decline. The most prominent rate of growth was recorded in 2009 when the market value increased by X% against the previous year. Over the period under review, the market attained the peak level at $X in 2011; however, from 2012 to 2019, consumption failed to regain the momentum.

Hazelnut Exports

Exports from the UK

For the third consecutive year, the UK recorded growth in shipments abroad of hazelnuts, which increased by X% to X tonnes in 2019. In general, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Exports peaked at X tonnes in 2008; however, from 2009 to 2019, exports stood at a somewhat lower figure.

In value terms, hazelnut exports rose remarkably to $X in 2019. Overall, exports, however, continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2008; however, from 2009 to 2019, exports remained at a lower figure.

Exports by Country

The Netherlands (X tonnes) was the main destination for hazelnut exports from the UK, accounting for a X% share of total exports. Moreover, hazelnut exports to the Netherlands exceeded the volume sent to the second major destination, Ireland (X tonnes), fourfold.

From 2007 to 2019, the average annual growth rate of volume to the Netherlands amounted to +X%.

In value terms, the Netherlands ($X) emerged as the key foreign market for hazelnut exports from the UK, comprising X% of total exports. The second position in the ranking was occupied by Ireland ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value to the Netherlands totaled +X%.

Export Prices by Country

In 2019, the average hazelnut export price amounted to $X per tonne, dropping by -X% against the previous year. In general, the export price, however, posted a tangible expansion. The most prominent rate of growth was recorded in 2015 an increase of X% year-to-year. Over the period under review, average export prices hit record highs at $X per tonne in 2016; however, from 2017 to 2019, export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2019, the country with the highest price was Ireland ($X per tonne), while the average price for exports to the Netherlands totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Ireland.

Hazelnut Imports

Imports into the UK

In 2019, hazelnut imports into the UK dropped notably to X tonnes, declining by -X% on the previous year's figure. Overall, imports showed a pronounced curtailment. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X tonnes in 2011; however, from 2012 to 2019, imports failed to regain the momentum.

In value terms, hazelnut imports contracted sharply to $X in 2019. Over the period under review, imports continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Imports peaked at $X in 2011; however, from 2012 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Italy (X tonnes) constituted the largest supplier of hazelnut to the UK, with a X% share of total imports. Moreover, hazelnut imports from Italy exceeded the figures recorded by the second-largest supplier, Romania (X tonnes), more than tenfold. The Netherlands (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Italy totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+X% per year) and the Netherlands (-X% per year).

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

From 2007 to 2019, the average annual growth rate of value from Italy stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+X% per year) and the Netherlands (-X% per year).

Import Prices by Country

The average hazelnut import price stood at $X per tonne in 2019, falling by -X% against the previous year. Over the period under review, import price indicated a slight expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, hazelnut import price increased by +X% against 2017 indices. The growth pace was the most rapid in 2013 an increase of X% year-to-year. The import price peaked at $X per tonne in 2015; however, from 2016 to 2019, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major supplying countries. In 2019, the highest prices were recorded for prices from France ($X per tonne) and the Netherlands ($X per tonne), while the price for Romania ($X per tonne) and Italy ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hazelnuts in the world?

+

Turkey (775K tonnes) constituted the country with the largest volume of hazelnut consumption, accounting for 68% of total volume. Moreover, hazelnut consumption in Turkey exceeded the figures recorded by the second-largest consumer, Italy (103K tonnes), eightfold. China (59K tonnes) ranked third in terms of total consumption with a 5.2% share.

What are the largest producers of hazelnuts in the world?

+

Turkey (776K tonnes) remains the largest hazelnut producing country worldwide, accounting for 68% of total volume. Moreover, hazelnut production in Turkey exceeded the figures recorded by the second-largest producer, Italy (99K tonnes), eightfold. China (59K tonnes) ranked third in terms of total production with a 5.1% share.

What are the leading suppliers of hazelnuts to the UK?

+

In value terms, Italy ($285K) constituted the largest supplier of hazelnut to the UK, comprising 81% of total imports. The second position in the ranking was occupied by Romania ($21K), with a 5.9% share of total imports. It was followed by the Netherlands, with a 4.5% share.

What are the leading importers of hazelnuts from the UK?

+

In value terms, the Netherlands ($85K) emerged as the key foreign market for hazelnut exports from the UK, comprising 79% of total exports. The second position in the ranking was occupied by Ireland ($21K), with a 20% share of total exports.

What is the average export price for hazelnuts in the UK?

+

The average hazelnut export price stood at $4,529 per tonne in 2019, declining by -40.2% against the previous year.

What is the average import price for hazelnuts in the UK?

+

In 2019, the average hazelnut import price amounted to $4,478 per tonne, with a decrease of -6.4% against the previous year.