Brazil's Shelled Hazelnut Price Rises to $9,966 per Ton

Brazil

Brazil Shelled Hazelnut Import Price in July 2023

The price of shelled hazelnuts in Brazil reached $9,966 per ton in July 2023, showing a 1.7% increase compared to the previous month. From July 2022 to July 2023, the average monthly growth rate was +1.5%, with the most significant increase occurring in April 2023 with a 16% month-to-month increase. July 2023 marked the peak import price for shelled hazelnuts in Brazil.

Among the major supplying countries, Chile had the highest shelled hazelnut price in July 2023, standing at $11,142 per ton, while Turkey offered a price of $8,643 per ton.

Turkey experienced a notable price growth rate of 0.1% from July 2022 to July 2023.

Brazil Shelled Hazelnut Import Prices By Country (USD Per Ton)

Brazil Shelled Hazelnut Imports

In July 2023, Brazil's imports of shelled hazelnuts decreased by 16.2% to 544 tons, marking the second consecutive month of decline after three months of growth. Overall, imports showed a relatively flat trend. The most significant growth rate was observed in November 2022, with a 518% increase compared to the previous month.

In terms of value, shelled hazelnut imports amounted to $5.4M in July 2023 (according to IndexBox estimates). During the review period, imports recorded mild growth, with the highest growth rate occurring in November 2022 with a 536% increase compared to the previous month.

Brazil Shelled Hazelnut Imports by Country

The main suppliers of shelled hazelnut imports to Brazil were Chile (288 tons) and Turkey (256 tons). Chile experienced the most significant growth in terms of value, with a CAGR of +25.3% during the review period.

In terms of value, Chile ($3.2M) and Turkey ($2.2M) were the leading suppliers of shelled hazelnuts to Brazil, with Chile showing the highest growth rate (CAGR of +25.3%) among the main suppliers during the review period.



Source: IndexBox Market Intelligence Platform

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