Shelled Hazelnut Market

The global shelled hazelnut market is projected to see an upward consumption trend over the next eight years, with forecasts indicating a CAGR of +1.3% in volume and +3.4% in value from 2022 to 2030. Key countries driving growth include Turkey, Italy, and Germany, with notable fluctuations in consumption and production recorded over the analyzed period. Trade dynamics show shifts in import and export volumes, with Turkey dominating exports while Germany and Italy lead in imports. Stay informed about the latest trends and projections in the global shelled hazelnut market.

Market Forecast

Driven by increasing demand for shelled hazelnuts worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.3% for the period from 2022 to 2030, which is projected to bring the market volume to 596K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.4% for the period from 2022 to 2030, which is projected to bring the market value to $4.5B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Shelled Hazelnuts

In 2022, approx. 538K tons of shelled hazelnuts were consumed worldwide; with a decrease of -1.5% on the year before. The total consumption volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, global consumption hit record highs at 565K tons in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

The global shelled hazelnut market revenue shrank to $3.4B in 2022, waning by -10.2% 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). The market value increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $4B. From 2016 to 2022, the growth of the global market remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Turkey (168K tons), Italy (112K tons) and Germany (69K tons), with a combined 65% share of global consumption. France, China, Canada, Russia, Vietnam, Switzerland and Poland lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +8.0%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Turkey ($1.2B), Italy ($647M) and Germany ($432M) appeared to be the countries with the highest levels of market value in 2022, with a combined 65% share of the global market. France, China, Canada, Vietnam, Poland, Switzerland and Russia lagged somewhat behind, together comprising a further 18%.

In terms of the main consuming countries, Poland, with a CAGR of +8.8%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of shelled hazelnut per capita consumption in 2022 were Turkey (1,969 kg per 1000 persons), Italy (1,892 kg per 1000 persons) and Switzerland (1,039 kg per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Poland (with a CAGR of +8.1%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Shelled Hazelnuts

In 2022, approx. 551K tons of shelled hazelnuts were produced worldwide; leveling off at 2021 figures. The total output volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by 37% against the previous year. Over the period under review, global production attained the maximum volume at 565K tons in 2019; however, from 2020 to 2022, production remained at a lower figure.

In value terms, shelled hazelnut production reduced to $3.9B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the production volume increased by 31%. Global production peaked at $4B in 2021, and then reduced modestly in the following year.

Production By Country

Turkey (346K tons) constituted the country with the largest volume of shelled hazelnut production, accounting for 63% of total volume. Moreover, shelled hazelnut production in Turkey exceeded the figures recorded by the second-largest producer, Italy (70K tons), fivefold. The third position in this ranking was held by Azerbaijan (25K tons), with a 4.5% share.

In Turkey, shelled hazelnut production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Italy (+4.5% per year) and Azerbaijan (+5.3% per year).

Imports

World Imports of Shelled Hazelnuts

In 2022, supplies from abroad of shelled hazelnuts decreased by -0.7% to 269K tons for the first time since 2015, thus ending a six-year rising trend. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2013 with an increase of 16%. Over the period under review, global imports attained the peak figure at 271K tons in 2021, and then shrank modestly in the following year.

In value terms, shelled hazelnut imports shrank sharply to $1.6B in 2022. The total import value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 with an increase of 26%. As a result, imports reached the peak of $2.3B. From 2016 to 2022, the growth of global imports remained at a lower figure.

Imports By Country

Germany (73K tons) and Italy (64K tons) represented the major importers of shelled hazelnuts in 2022, reaching approx. 27% and 24% of total imports, respectively. France (23K tons) took the next position in the ranking, followed by Canada (13K tons). All these countries together took approx. 13% share of total imports. Russia (11K tons), Switzerland (9.2K tons), Brazil (6.2K tons), Spain (6.1K tons), Poland (5.5K tons), the Netherlands (5.4K tons) and China (4.2K tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +22.5%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($439M), Italy ($347M) and France ($130M) appeared to be the countries with the highest levels of imports in 2022, together accounting for 57% of global imports. Canada, Switzerland, Brazil, Russia, Poland, the Netherlands, Spain and China lagged somewhat behind, together accounting for a further 24%.

China, with a CAGR of +25.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average shelled hazelnut import price amounted to $5,967 per ton, falling by -18.4% against the previous year. Overall, the import price recorded a slight decrease. The most prominent rate of growth was recorded in 2015 when the average import price increased by 27%. As a result, import price attained the peak level of $10,744 per ton. From 2016 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brazil ($8,789 per ton), while Russia ($4,472 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.0%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Shelled Hazelnuts

After six years of growth, shipments abroad of shelled hazelnuts decreased by -0.3% to 282K tons in 2022. The total export volume increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when exports increased by 11%. The global exports peaked at 283K tons in 2021, and then dropped in the following year.

In value terms, shelled hazelnut exports shrank dramatically to $1.6B in 2022. The total export value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by 32% against the previous year. Over the period under review, the global exports reached the maximum at $2.3B in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports By Country

Turkey prevails in exports structure, recording 180K tons, which was near 64% of total exports in 2022. It was distantly followed by Italy (22K tons), Azerbaijan (20K tons), Chile (17K tons) and Georgia (16K tons), together committing a 27% share of total exports. The United States (8.2K tons) and Germany (4.8K tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to shelled hazelnut exports from Turkey stood at +1.1%. At the same time, Chile (+66.4%), the United States (+17.9%), Azerbaijan (+7.1%), Italy (+4.5%) and Georgia (+1.8%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in the world, with a CAGR of +66.4% from 2012-2022. Germany experienced a relatively flat trend pattern. While the share of Chile (+6.1 p.p.), Azerbaijan (+2.5 p.p.) and the United States (+2.2 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Turkey (-10.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($969M) remains the largest shelled hazelnut supplier worldwide, comprising 59% of global exports. The second position in the ranking was taken by Italy ($171M), with a 10% share of global exports. It was followed by Chile, with a 7.4% share.

In Turkey, shelled hazelnut exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+5.2% per year) and Chile (+62.9% per year).

Export Prices By Country

In 2022, the average shelled hazelnut export price amounted to $5,798 per ton, reducing by -20.5% against the previous year. In general, the export price showed a slight downturn. The pace of growth was the most pronounced in 2014 an increase of 44% against the previous year. The global export price peaked at $10,913 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($8,602 per ton), while Georgia ($4,961 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform