Demand from major buyers around the world has added value to Turkish hazelnuts

Published Nov 7, 2024

Tridge summary

In the January-October period of 2024, Turkey's hazelnut exports experienced substantial growth, with total exports reaching 254,174 tons and generating over 2 billion dollars. The Eastern Black Sea Exporters' Association highlighted a 20% increase in domestic exports, leading to a 57% rise in foreign exchange inflow. Processed hazelnuts saw a 7% increase in quantity and a 34% increase in value, while shelled hazelnut exports surged dramatically by 653% in quantity and 736% in value during September-October 2024 compared to the previous year. In-shell hazelnut exports also increased significantly. Overall, there was a 14% rise in export quantity and a 46% increase in value, driven by strong international demand and higher unit prices.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Turkey's hazelnut and product exports reached 254,174 tons and 2 billion 61 million 706 thousand dollars in the January-October period of 2024. According to the information received from the Eastern Black Sea Exporters' Association (DKİB), 139 thousand tons of domestic hazelnuts were exported in the January-October period with a 20 percent increase and a foreign exchange inflow of 1 billion 140 million dollars was provided with a 57 percent increase. In processed hazelnuts, there was a 7 percent increase in quantity and a 34 percent increase of 916 million dollars was obtained. The increase in shelled hazelnuts drew attention The increase in shelled hazelnuts was remarkable. Shelled hazelnut exports, which were 75 tons between September 1, 2023 and October 31, 2023, increased by 653 percent in the same period of 2024 and reached 566 tons. In terms of value, a 736 percent increase was achieved and 2 million 158 thousand liras of foreign exchange inflow was provided. In the ...

Source: Iha