MENA: Brazil Nut Market 2024

Brazil Nut Market Size in MENA

In 2022, the MENA's brazil nut market increased by X% to $X, rising for the third year in a row after four years of decline. Overall, consumption, however, showed a pronounced slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Brazil Nut Production in MENA

In value terms, brazil nut production soared to $X in 2022 estimated in export price. Over the period under review, production, however, showed a mild curtailment. The growth pace was the most rapid in 2020 when the production volume increased by X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of brazil nut production was the United Arab Emirates (X tons), accounting for X% of total volume. Moreover, brazil nut production in the United Arab Emirates exceeded the figures recorded by the second-largest producer, Turkey (X tons), fivefold. The third position in this ranking was taken by Syrian Arab Republic (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in the United Arab Emirates amounted to X%. The remaining producing countries recorded the following average annual rates of production growth: Turkey (X% per year) and Syrian Arab Republic (X% per year).

Brazil Nut Exports

Exports in MENA

In 2022, shipments abroad of brazil nuts was finally on the rise to reach X tons for the first time since 2013, thus ending a eight-year declining trend. Overall, exports recorded buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, brazil nut exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a deep setback. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates dominates exports structure, reaching X tons, which was approx. X% of total exports in 2022. The following exporters - Syrian Arab Republic (X tons) and Palestine (X tons) - together made up X% of total exports.

The United Arab Emirates was also the fastest-growing in terms of the brazil nuts exports, with a CAGR of X% from 2012 to 2022. Palestine (X%) and Syrian Arab Republic (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points.

In value terms, the United Arab Emirates ($X) emerged as the largest brazil nut supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Syrian Arab Republic ($X), with an X% share of total exports.

In the United Arab Emirates, brazil nut exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Syrian Arab Republic (X% per year) and Palestine (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

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 Syrian Arab Republic ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Brazil Nut Imports

Imports in MENA

In 2022, overseas purchases of brazil nuts increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, brazil nut imports rose rapidly to $X in 2022. Over the period under review, imports, however, showed a noticeable contraction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Tunisia (X tons) and Saudi Arabia (X tons) were the main importers of brazil nuts in MENA, together making up X% of total imports. The United Arab Emirates (X tons) ranks next in terms of the total imports with an X% share, followed by Qatar (X%) and Yemen (X%). Libya (X tons) and Iran (X tons) followed a long way behind the leaders.

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

In value terms, the largest brazil nut importing markets in MENA were Tunisia ($X), Qatar ($X) and Saudi Arabia ($X), together accounting for X% of total imports. The United Arab Emirates, Libya, Iran and Yemen lagged somewhat behind, together accounting for a further X%.

Yemen, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, waning by X% against the previous year. Import price indicated a pronounced increase 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 2015 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2021, and then dropped in the following year.

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 Qatar ($X per ton), while Yemen ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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