U.S. - Hazelnuts - Market Analysis, Forecast, Size, Trends and Insights

U.S.: Hazelnut Market Overview 2019

Hazelnut Market Size in the USA

The revenue of the hazelnut market in the U.S. amounted to $X in 2017, dropping by -X% against the previous year. In general, hazelnut consumption continues to indicate a strong growth. The pace of growth appeared the most rapid in 2009, when market value increased by X% against the previous year. Over the period under review, the hazelnut market attained its peak figure level of $X in 2016, and then declined slightly in the following year.

Hazelnut Production in the USA

In 2017, the amount of hazelnuts produced in the U.S. totaled X tonnes, lowering by -X% against the previous year. Overall, hazelnut production continues to indicate a mild setback. The most prominent rate of growth was recorded in 2009, when the output figure increased by X% against the previous year. The hazelnut production peaked of X tonnes in 2015; however, from 2016 to 2017, it stood at a somewhat lower level. Hazelnut output in the U.S. indicated a mild downturn, which was largely conditioned by a slight contraction of the harvested area and a pronounced decline in yield figures.

Average yield of hazelnuts in the U.S. amounted to X tonne per ha in 2017, reducing by -X% against the previous year. In general, hazelnut yield continues to indicate a noticeable decline. The growth pace was the most rapid in 2009, with an increase of X% year-to-year. In that year, the average hazelnut yield reached their peak level of X tonne per ha. From 2010 to 2017, growth of the average hazelnut yield stood at a somewhat lower level. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Hazelnut harvested area in the U.S. totaled X ha in 2017, remaining stable against the previous year. The harvested area increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2015, with an increase of X% year-to-year. The hazelnut harvested area peaked of X ha in 2016, leveling off in the following year.

Hazelnut Exports in the USA

In 2017, approx. X tonnes of hazelnuts were exported from the U.S.; coming up by X% against the previous year. Overall, hazelnut exports continue to indicate a mild reduction. The pace of growth was the most pronounced in 2012, with an increase of X% against the previous year. The exports peaked of X tonnes in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

In value terms, hazelnut exports amounted to $X in 2017. In general, the total exports indicated a tangible increase from 2007 to 2017: its value decreased at an average annual rate of -X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the hazelnut exports decreased by -X% against 2015 indices. In that year, the hazelnut exports reached their peak level of $X. From 2013 to 2017, growth of the hazelnut exports stood at a somewhat lower level.

Hazelnut Exports by Country in the USA

Viet Nam (X tonnes) was the main destination of hazelnut exports from the U.S., accounting for X% share of total exports. Moreover, hazelnut exports to Viet Nam exceeded the volume sent to the second major destination, Canada (X tonnes), threefold. The third position in this ranking was occupied by China, Hong Kong SAR (X tonnes), with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of volume to Viet Nam stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and China, Hong Kong SAR (-X% per year).

In value terms, Viet Nam ($X) remains the key foreign market for hazelnut exports from the U.S., making up X% of total hazelnut exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports. It was followed by China, Hong Kong SAR, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value to Viet Nam stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and China, Hong Kong SAR (-X% per year).

Hazelnut Export Prices by Country in the USA

In 2017, the average hazelnut export price amounted to $X per tonne, dropping by -X% against the previous year. In general, the export price indicated a strong increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the hazelnut export price increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2016, an increase of X% against the previous year. In that year, the average export prices for hazelnuts attained their peak level of $X per tonne, and then declined slightly in the following year.

Average export prices varied somewhat for the major foreign markets. In 2017, the highest prices were recorded for export prices to China, Hong Kong SAR ($X per tonne) and Viet Nam ($X per tonne), while average price for exports to Canada ($X per tonne) and China ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to China, Hong Kong SAR (+X% per year), the export prices for other major destinations experienced more modest paces of growth.

Hazelnut Imports in the USA

In 2017, the amount of hazelnuts imported into the U.S. stood at X tonnes, going up by X% against the previous year. Overall, hazelnut imports continue to indicate a remarkable growth. The most prominent rate of growth was recorded in 2011, when it surged by X% year-to-year. The imports peaked of X tonnes in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

In value terms, hazelnut imports totaled $X in 2017. In general, hazelnut imports continue to indicate a skyrocketing growth. Over the period under review, the hazelnut imports reached its maximum level of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Hazelnut Imports by Country in the USA

Turkey (X tonnes), Canada (X tonnes) and the United Arab Emirates (X tonnes) were the main suppliers of hazelnut imports to the U.S., together comprising X% of total imports. Georgia lagged somewhat behind, accounting for a further X%.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Georgia (+X% per year), while the other leaders experienced mixed trend patterns.

In value terms, Turkey ($X) constituted the largest supplier of hazelnut to the U.S., making up X% of total hazelnut imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2007 to 2017, the average annual growth rate of value from Turkey stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-X% per year) and the United Arab Emirates (-X% per year).

Hazelnut Import Prices by Country in the USA

In 2017, the average hazelnut import price amounted to $X per tonne, falling by -X% against the previous year. In general, hazelnut import price continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2015, when the average import prices increased by X% year-to-year. In that year, the average import prices for hazelnuts attained their peak level of $X per tonne. From 2016 to 2017, growth of the average import prices for hazelnuts failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was the United Arab Emirates ($X per kg), while prices for hazelnut imports from Canada ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the United Arab Emirates (+X% per year), the import prices for other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform