Turkey - Shelled Hazelnuts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingShelled Hazelnut Price in Turkey - 2023
Contents:
- Shelled Hazelnut Price in Turkey (FOB) - 2023
- Shelled Hazelnut Price in Turkey (CIF) - 2023
- Shelled Hazelnut Exports in Turkey
- Shelled Hazelnut Imports in Turkey
Shelled Hazelnut Price in Turkey (FOB) - 2023
The average shelled hazelnut export price stood at $6,846 per ton in October 2023, surging by 13% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major foreign markets. In October 2023, the highest price was recorded for prices to Greece ($7,326 per ton) and Germany ($7,121 per ton), while the average price for exports to Russia ($5,892 per ton) and Switzerland ($6,089 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
Shelled Hazelnut Price in Turkey (CIF) - 2023
The average shelled hazelnut import price stood at $6,523 per ton in October 2023, with an increase of 19% against the previous month. In general, the import price saw a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $6,815 per ton in May 2023; however, from June 2023 to October 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($7,885 per ton), while the price for Germany ($5,241 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Azerbaijan (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Shelled Hazelnut Exports in Turkey
In 2022, approx. 180K tons of shelled hazelnuts were exported from Turkey; picking up by 6.6% against the previous year. The total export volume increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, shelled hazelnut exports dropped remarkably to $969M in 2022. In general, exports, however, saw a deep reduction. The growth pace was the most rapid in 2021 when exports increased by 5.3%. As a result, the exports reached the peak of $1.2B, and then fell significantly in the following year.
Export of Shelled Hazelnut in Turkey (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 475 | 353 | 402 | 296 | -14.6% |
Germany | 153 | 176 | 209 | 243 | 16.7% |
France | 96.5 | 85.7 | 97.3 | 68.1 | -11.0% |
Switzerland | 40.7 | 53.7 | 48.8 | 49.3 | 6.6% |
Poland | 58.7 | 60.0 | 64.4 | 43.2 | -9.7% |
Brazil | 25.2 | 28.8 | 28.6 | 24.5 | -0.9% |
Canada | 51.5 | 61.2 | 27.7 | 20.3 | -26.7% |
China | 18.9 | 18.5 | 24.2 | 19.9 | 1.7% |
Netherlands | 19.9 | 23.6 | 25.4 | 18.7 | -2.1% |
Russia | 12.6 | 19.6 | 17.3 | 18.3 | 13.2% |
Spain | 18.4 | 19.8 | 18.0 | 15.6 | -5.4% |
Libya | 5.6 | 3.8 | 12.1 | 15.0 | 38.9% |
Australia | 19.9 | 23.6 | 17.6 | 14.0 | -11.1% |
Others | 152 | 184 | 178 | 124 | -6.6% |
Total | 1,147 | 1,111 | 1,171 | 969 | -5.5% |
Top Export Markets for Shelled Hazelnut from Turkey in 2022:
- Italy (54.4K tons)
- Germany (45.5K tons)
- France (13.0K tons)
- Poland (9.2K tons)
- Switzerland (8.5K tons)
- Brazil (4.9K tons)
- Canada (4.1K tons)
- China (4.0K tons)
- Netherlands (3.2K tons)
- Russia (3.1K tons)
- Spain (2.9K tons)
- Australia (2.7K tons)
- Libya (2.7K tons)
Shelled Hazelnut Imports in Turkey
In 2022, the amount of shelled hazelnuts imported into Turkey soared to 3.1K tons, rising by 59% compared with 2021 figures. In general, imports continue to indicate prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, shelled hazelnut imports soared to $17M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 29%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
Import of Shelled Hazelnut in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 1.4 | 1.4 | 0.8 | 8.2 | 80.3% |
Germany | 4.0 | 4.7 | 6.2 | 3.2 | -7.2% |
Switzerland | 1.6 | 1.0 | 0.8 | 1.4 | -4.4% |
Algeria | N/A | N/A | N/A | 0.4 | 0% |
United Kingdom | 0.1 | 0.3 | 0.3 | 0.4 | 58.7% |
Georgia | 0.3 | N/A | N/A | 0.4 | 10.1% |
Netherlands | 0.4 | 0.2 | 0.8 | 0.3 | -9.1% |
France | 0.2 | 0.2 | 0.4 | 0.3 | 14.5% |
United States | 1.3 | 1.9 | 1.2 | 0.2 | -46.4% |
Russia | 0.7 | 0.1 | 0.6 | 0.1 | -47.7% |
Poland | 0.8 | 0.1 | 0.2 | N/A | -50.0% |
Others | 1.7 | 0.5 | 2.2 | 1.7 | 0.0% |
Total | 12.4 | 10.4 | 13.4 | 16.8 | 10.7% |
Top Suppliers of Shelled Hazelnut to Turkey in 2022:
- Poland (undefined tons)
- Italy (1652.8 tons)
- Germany (526.4 tons)
- Switzerland (253.8 tons)
- Algeria (100.0 tons)
- Georgia (91.0 tons)
- United Kingdom (56.5 tons)
- France (48.8 tons)
- Netherlands (47.3 tons)
- United States (25.6 tons)
- Russia (17.2 tons)
This report provides an in-depth analysis of the shelled hazelnut market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Shelled Hazelnut exports saw a significant increase of 139% month-on-month in September 2023, but dropped to $132M in January 2024 in value terms.
In September 2023, the growth rate reached its highest point as shelled hazelnut exports surged by 139% compared to the previous month. The value of shelled hazelnut exports declined slightly to $111M in November 2023.
In January 2023, the shelled hazelnut price amounted to $6,230 per ton (FOB, Turkey), picking up by 7% against the previous month.
In December 2022, the walnut price amounted to $1,707 per ton (CIF, Turkey), rising by 14% against the previous month.
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In July 2023, the price of Hazelnut was $2,365 per ton (FOB, Turkey), experiencing a decrease of 17.5% compared to the previous month.
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