Eastern Asia: Shelled Hazelnut Market 2024

Shelled Hazelnut Market Size in Eastern Asia

The East Asian shelled hazelnut market fell slightly to $X in 2023, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market remained at a somewhat lower figure.

Shelled Hazelnut Production in Eastern Asia

In value terms, shelled hazelnut production rose to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2023, production growth remained at a somewhat lower figure.

Shelled Hazelnut Exports

Exports in Eastern Asia

In 2023, overseas shipments of shelled hazelnuts increased by X% to X tons, rising for the second year in a row after five years of decline. Overall, exports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2023, the growth of the exports failed to regain momentum.

In value terms, shelled hazelnut exports surged to $X in 2023. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, China (X tons) and Japan (X tons) represented the largest exporter of shelled hazelnuts in Eastern Asia, creating X% of total export.

From 2012 to 2023, the biggest increases were recorded for Japan (with a CAGR of X%).

In value terms, the largest shelled hazelnut supplying countries in Eastern Asia were China ($X) and Japan ($X).

Japan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2023, falling by X% against the previous year. Overall, the export price, however, showed a strong increase. The pace of growth appeared the most rapid in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then shrank rapidly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%).

Shelled Hazelnut Imports

Imports in Eastern Asia

Shelled hazelnut imports shrank dramatically to X tons in 2023, with a decrease of X% on the previous year. Overall, imports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, shelled hazelnut imports shrank dramatically to $X in 2023. In general, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

China was the largest importing country with an import of around X tons, which resulted at X% of total imports. It was distantly followed by Japan (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons), together committing a X% share of total imports.

China was also the fastest-growing in terms of the shelled hazelnuts imports, with a CAGR of X% from 2012 to 2023. At the same time, Japan (X%), Taiwan (Chinese) (X%) and South Korea (X%) displayed positive paces of growth. While the share of China (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Taiwan (Chinese) (X p.p.), South Korea (X p.p.) and Japan (X p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported shelled hazelnuts in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In China, shelled hazelnut imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2016 to 2023, the import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Taiwan (Chinese) ($X per ton) and China ($X per ton), while South Korea ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform