According to EastFruit analysts, global trade in hazelnuts is falling by 8%, or an average of $ 144 million per year. In addition, there is a decrease in the average world price for a hazelnut kernel by 25% - from $ 8.708 / t on average for 2013-2015 on a FOB basis to $ 6.574 / t on an average for 2017-2019, also on a FOB basis. At the same time, revenue from the export of hazelnuts decreased by 12% in 2017-2019 compared to 2013-2015.
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What is the reason for this situation in the world market and what this can mean for producers in our region, analysts of the Georgian office of EastFruit tried to figure it out. Indeed, for Georgia, hazelnuts remain the main source of export earnings in the agricultural sector, after, of course, Georgian wine. Graph 1: Average annual changes in world trade volumes for almonds, hazelnuts, walnuts and pistachios over 5 years Data source: trademap Production and trade in hazelnuts is highly concentrated. The largest producer and exporter of hazelnuts in the world is Turkey. Turkey accounts for over 70% of world production and about 75% of world exports. The remaining 25% of trade is with Italy, Azerbaijan, USA, Chile, Georgia and Iran. Graph 2: Structure of hazelnut kernel production by countries of the world Source: INC In 2020, compared to 2019, the volume of hazelnut exports from Turkey decreased by 19%, which reduced the revenue from the export of hazelnuts of this country by ...
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