Latin America and the Caribbean: Shelled Hazelnut Market 2024

Shelled Hazelnut Market Size in Latin America and the Caribbean

The Latin American shelled hazelnut market surged to $X in 2022, picking up by X% against the previous year. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2017 indices. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Shelled Hazelnut Production in Latin America and the Caribbean

In value terms, shelled hazelnut production reduced slightly to $X in 2022 estimated in export price. In general, production showed a significant expansion. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2021, and then contracted in the following year.

Shelled Hazelnut Exports

Exports in Latin America and the Caribbean

Shelled hazelnut exports totaled X tons in 2022, almost unchanged from the previous year. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, shelled hazelnut exports plummeted to $X in 2022. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell dramatically in the following year.

Exports by Country

Chile (X tons) represented roughly X% of total exports in 2022.

Chile was also the fastest-growing in terms of the shelled hazelnuts exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) also remains the largest shelled hazelnut supplier in Latin America and the Caribbean.

In Chile, shelled hazelnut exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2015 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Chile.

From 2012 to 2022, the rate of growth in terms of prices for Chile amounted to X% per year.

Shelled Hazelnut Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of shelled hazelnuts decreased by X% to X tons, falling for the second consecutive year after four years of growth. In general, imports, however, posted a prominent increase. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, shelled hazelnut imports rose to $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Brazil dominates imports structure, reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by Argentina (X tons), creating a X% share of total imports. Mexico (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to shelled hazelnut imports into Brazil stood at X%. At the same time, Argentina (X%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Mexico (X%) illustrated a downward trend over the same period. Brazil (X p.p.) and Argentina (X p.p.) significantly strengthened its position in terms of the total imports, while Mexico saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Brazil ($X) constitutes the largest market for imported shelled hazelnuts in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports.

In Brazil, shelled hazelnut imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Mexico (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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