EU: Brazil Nut Market 2024

Brazil Nut Market Size in the EU

The EU brazil nut market surged to $X in 2022, with an increase of X% against the previous year. In general, consumption posted a tangible expansion. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in years to come.

Brazil Nut Production in the EU

In value terms, brazil nut production expanded rapidly to $X in 2022 estimated in export price. The total production indicated a slight 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Spain (X tons) constituted the country with the largest volume of brazil nut production, comprising approx. X% of total volume. Moreover, brazil nut production in Spain exceeded the figures recorded by the second-largest producer, the Netherlands (X tons), sixfold. The third position in this ranking was taken by Ireland (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume in Spain was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: the Netherlands (X% per year) and Ireland (X% per year).

Brazil Nut Exports

Exports in the EU

In 2022, brazil nut exports in the European Union shrank remarkably to X tons, with a decrease of X% on the previous year's figure. Overall, exports recorded a abrupt contraction. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, brazil nut exports contracted significantly to $X in 2022. In general, exports showed a abrupt slump. The growth pace was the most rapid in 2020 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Spain represented the main exporter of brazil nuts in the European Union, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. The Netherlands (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Italy (X%). Germany (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Netherlands (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest brazil nut supplying countries in the European Union were Spain ($X), the Netherlands ($X) and Italy ($X), with a combined X% share of total exports.

In terms of the main exporting countries, the Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price, however, continues to indicate a tangible increase. The growth pace was the most rapid in 2020 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced a decline in the export price figures.

Brazil Nut Imports

Imports in the EU

In 2022, purchases abroad of brazil nuts decreased by X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, brazil nut imports fell to $X in 2022. In general, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons), Italy (X tons), France (X tons) and the Netherlands (X tons) represented roughly X% of total imports in 2022. Germany (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by France (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the Netherlands ($X), Italy ($X) and France ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

France, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Import price indicated a notable expansion from 2012 to 2022: its price 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, brazil nut import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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