Portugal: Hazelnut Market 2024

Hazelnut Market Size in Portugal

The Portuguese hazelnut market amounted to $X in 2022, surging by X% against the previous year. Overall, consumption, however, showed a slight shrinkage. Hazelnut consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Hazelnut Production in Portugal

In value terms, hazelnut production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production showed a slight curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X%. Hazelnut production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

The average yield of hazelnuts in Portugal expanded markedly to X kg per ha in 2022, picking up by X% on 2021 figures. In general, the yield, however, saw a perceptible descent. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The hazelnut yield peaked at X kg per ha in 2015; however, from 2016 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of hazelnuts in Portugal shrank to X ha, with a decrease of X% compared with 2021. Overall, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the harvested area increased by X% against the previous year. As a result, the harvested area reached the peak level of X ha, and then reduced in the following year.

Hazelnut Exports

Exports from Portugal

In 2022, shipments abroad of hazelnuts decreased by X% to X kg, falling for the third year in a row after two years of growth. In general, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, hazelnut exports declined sharply to $X in 2022. Overall, exports faced a abrupt downturn. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Italy (X kg), Angola (X kg) and Cabo Verde (X kg) were the main destinations of hazelnut exports from Portugal, together accounting for X% of total exports. The UK, Luxembourg, Spain and Switzerland lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for hazelnut exported from Portugal were Italy ($X), Angola ($X) and the UK ($X), together accounting for X% of total exports. Cabo Verde, Luxembourg, Spain and Switzerland lagged somewhat behind, together comprising a further X%.

Luxembourg, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average hazelnut export price amounted to $X per ton, which is down by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hazelnut Imports

Imports into Portugal

Hazelnut imports into Portugal soared to X tons in 2022, rising by X% against 2021 figures. In general, imports posted temperate growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, hazelnut imports surged to $X in 2022. Over the period under review, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of hazelnut to Portugal, accounting for a X% share of total imports. Moreover, hazelnut imports from Italy exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. The Netherlands (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and the Netherlands (X% per year).

In value terms, Italy ($X) constituted the largest supplier of hazelnuts to Portugal, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average hazelnut import price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, import price indicated a noticeable 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, hazelnut import price increased by X% against 2018 indices. The growth pace was the most rapid in 2019 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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