Türkiye's hazelnut exports to China soared nearly 2 times, while the US share dropped sharply

Published 2024년 9월 29일

Tridge summary

The article examines the global hazelnut market, focusing on Turkey's growing dominance in hazelnut exports to China, which surged by 160% in volume and 190% in value from January to August 2023 compared to the same period in 2022. Meanwhile, U.S. hazelnut exports to China have plummeted. Despite a 21.6% increase in U.S. hazelnut production in 2023, global exports of shelled hazelnuts have declined, resulting in higher prices. Contributing factors to the price rise include the Turkish Grain Board's increased purchase price and reduced exports from other countries.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Gürsoy said that the quality of Turkish hazelnuts and Turkish exporters have been widely recognized around the world. Other hazelnut producing countries have low production and poor quality. These recent negative events have benefited Turkey. According to the Turkish Anadolu Agency, data from the Turkish Exporters Conference (TIM) held in August showed that from January to July this year, Turkey's exports to China increased by 11.6% year-on-year to US$1.8 billion. Among the five categories of products with the highest export value to China, hazelnuts and hazelnut products ranked fifth, with an export value of US$51.5 million. The main suppliers of hazelnuts imported by China are Turkey and the United States, of which Turkey mainly supplies shelled hazelnuts, while the United States supplies shelled hazelnuts. Shelled hazelnuts. The market share of the two countries has changed dramatically in the past three years, and China's hazelnut imports are turning to Turkey. According to ...
Source: Foodmate

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.