U.S.: Hazelnut Market Overview 2021

Hazelnut Market Size in the U.S.

The U.S. hazelnut market rose slightly to $X in 2020, surging by X% against the previous year. Over the period under review, consumption showed a buoyant expansion. The most prominent rate of growth was recorded in 2015 when the market value increased by X% y-o-y. Hazelnut consumption peaked at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Hazelnut Production in the U.S.

In value terms, hazelnut production expanded to $X in 2020. Overall, the total production indicated a strong increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Hazelnut production peaked at $X in 2018; however, from 2019 to 2020, production remained at a lower figure.

In 2020, the average yield of hazelnuts in the U.S. totaled X tonnes per ha, increasing by X% compared with 2019. Over the period under review, the yield, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2009 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tonnes per ha. from 2010 to 2020, the growth of the average hazelnut yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the total area harvested in terms of hazelnuts production in the U.S. totaled X ha, surging by X% against 2019 figures. Overall, the total harvested area indicated a notable expansion from 2007 to 2020: its figure increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, hazelnut harvested area increased by +X% against 2010 indices. The pace of growth was the most pronounced in 2019 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to hazelnut production attained the peak figure in 2020 and is likely to continue growth in the near future.

Hazelnut Exports

Exports from the U.S.

In 2020, hazelnut exports from the U.S. amounted to X tonnes, remaining relatively unchanged against 2019. Over the period under review, exports, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2012 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at X tonnes in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

In value terms, hazelnut exports expanded modestly to $X in 2020. in general, total exports indicated perceptible growth from 2007 to 2020: its value decreased 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, exports increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2012 when exports increased by X% against the previous year. As a result, exports reached the peak of $X. from 2013 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Canada (X tonnes), Hong Kong SAR (X tonnes) and Venezuela (X tonnes) were the main destinations of hazelnut exports from the U.S., with a combined X% share of total exports. Viet Nam, China, Germany, Italy, Egypt, Algeria and Thailand lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Algeria, while shipments for the other leaders experienced more modest paces of growth.

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

From 2007 to 2020, the average annual rate of growth in terms of value to Canada stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-X% per year) and China (+X% per year).

Export Prices by Country

In 2020, the average hazelnut export price amounted to $X per tonne, approximately reflecting the previous year. Over the period under review, export price indicated pronounced growth 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, hazelnut export price increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2019, and then amounted in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per tonne), while the average price for exports to Venezuela ($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 Algeria, while the prices for the other major destinations experienced more modest paces of growth.

Hazelnut Imports

Imports into the U.S.

In 2020, supplies from abroad of hazelnuts increased by X% to X tonnes, rising for the fifth year in a row after two years of decline. Overall, imports showed a prominent increase. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in the immediate term.

In value terms, hazelnut imports reached $X in 2020. in general, imports saw a prominent increase. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Imports peaked at $X in 2015; however, from 2016 to 2020, imports remained at a lower figure.

Imports by Country

Turkey (X tonnes), Canada (X tonnes) and Chile (X tonnes) were the main suppliers of hazelnut imports to the U.S., with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in Turkey (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

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

From 2007 to 2020, the average annual growth rate of value from Turkey amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+X% per year) and Canada (+X% per year).

Import Prices by Country

The average hazelnut import price stood at $X per tonne in 2020, leveling off at the previous year. Overall, the import price, however, enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per tonne. from 2016 to 2020, the growth in terms of the average 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 Turkey ($X per tonne), while the price for Japan ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Chile, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform