Hazelnut Market in the United States
Market Overview
The U.S. hazelnut market skyrocketed to $
in , with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed a buoyant increase. Hazelnut consumption peaked at $ in ; however, from to , consumption stood at a somewhat lower figure.
In value terms, hazelnut production totaled $ in . Over the period under review, production saw a prominent increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in ; however, from to , production failed to regain momentum.
In, the average yield of hazelnuts in the United States declined to tons per ha, leveling off at the year before. In general, the yield recorded a slight slump. The pace of growth was the most pronounced in 2009 when the yield increased by %. As a result, the yield reached the peak level of tons per ha. From 2010 to , the growth of the average hazelnut yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
The hazelnut harvested area in the United States amounted to ha in , approximately mirroring the year before. In general, the harvested area continues to indicate a temperate expansion. The most prominent rate of growth was recorded in 2019 when the harvested area increased by %. The hazelnut harvested area peaked at ha in ; however, from to , the harvested area remained at a lower figure.
in , with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed a buoyant increase. Hazelnut consumption peaked at $ in ; however, from to , consumption stood at a somewhat lower figure.In value terms, hazelnut production totaled $
in . Over the period under review, production saw a prominent increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in ; however, from to , production failed to regain momentum.In
, the average yield of hazelnuts in the United States declined to tons per ha, leveling off at the year before. In general, the yield recorded a slight slump. The pace of growth was the most pronounced in 2009 when the yield increased by %. As a result, the yield reached the peak level of tons per ha. From 2010 to , the growth of the average hazelnut yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.The hazelnut harvested area in the United States amounted to
ha in , approximately mirroring the year before. In general, the harvested area continues to indicate a temperate expansion. The most prominent rate of growth was recorded in 2019 when the harvested area increased by %. The hazelnut harvested area peaked at ha in ; however, from to , the harvested area remained at a lower figure.Consumption
Hazelnut consumption in the United States skyrocketed to tons in , increasing by % compared with the year before. Overall, consumption recorded a strong expansion. Hazelnut consumption peaked at tons in 2018; however, from 2019 to , consumption failed to regain momentum.
The size of the hazelnut market in the United States soared to $ in , jumping by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted buoyant growth. Over the period under review, the market attained the peak level at $ in ; however, from to , consumption failed to regain momentum.
tons in , increasing by % compared with the year before. Overall, consumption recorded a strong expansion. Hazelnut consumption peaked at tons in 2018; however, from 2019 to , consumption failed to regain momentum.The size of the hazelnut market in the United States soared to $
in , jumping by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted buoyant growth. Over the period under review, the market attained the peak level at $ in ; however, from to , consumption failed to regain momentum.Market Forecast
Driven by increasing demand for hazelnuts in the United States, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
The United States remains a net exporter of hazelnut; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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