The reason why is the global hazelnut trade is declining

Why is the global hazelnut trade declining? Global hazelnut trade is down 8%, which is an average of $ 144 million per year. According to East-Fruit analysts, there is a drop in the average world price of a nut kernel by 25% - from $ 8.708 / tonne on average for 2013-2015 on an FOB basis to $ 6.574 / tonne on average. for 2017-2019, also on an FOB basis. At the same time, the export revenue of hazelnuts decreased by 12% in 2017-2019 compared to 2013-2015. The production and trade of hazelnuts are closely linked. 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 in this agricultural product is with Italy, Azerbaijan, the United States, Chile, Georgia and Iran. In 2020, compared to 2019, the volume of hazelnut exports from ...