The United States loses to Türkiye, and China's hazelnut imports are accelerating!

Published 2024년 10월 14일

Tridge summary

The article reports on the success of Turkish hazelnut exports in the 2023/24 season, with a significant increase in volume and value compared to the previous season, positioning Turkey as a top supplier despite challenges in the industry. The article also highlights a shift in China's import preferences towards Turkish hazelnuts over US imports, contributing to a drop in US exports to China. Furthermore, the article discusses the factors influencing the global hazelnut market, including production adjustments in the US, declines in exports from other countries like Turkey, Azerbaijan, Georgia, and Chile, and a rise in prices, all contributing to the current market dynamics.

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

Original content

According to Turkish Agri News, Dursun Oguz, Chairman of the Board of Directors of the Black Sea Hazelnut and Hazelnut Products Exporters Association (KFMIB), Gürsoy said that the 2023/24 season of Turkish hazelnuts (September 1, 2023 to August 31, 2024) has ended. During this period, Turkish hazelnuts were sold to 130 countries around the world, with a total export volume of about 303,000 tons and an export value of US$2.035 billion, an increase of 30.86% compared with the 2022/23 season. The 2024/25 season opened on September 1, and the association's export target for the 2024/25 season is more than 300,000 tons of hazelnuts. 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 ...

Source: Guojiguoshu