Hazelnuts Pricing Report ​2024​: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

Hazelnuts Pricing Report ​2024​: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

Report Format: PDF+Excel | Report ID: SR112024A23348
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Hazelnuts Prices December 2023

Category Region Price
Hazelnuts Agriculture USA 4604 USD/MT
Hazelnuts Agriculture China 2427 USD/MT

In the fourth quarter of 2023, the price of hazelnuts in the United States reached 4604 USD/MT by December. Similarly, in China, the hazelnuts prices hit 2427 USD/MT in the same month.

Hazelnuts Price Trend, Market Analysis, and News

IMARC's latest publication, “Hazelnuts Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the hazelnuts market, providing insights into both global and regional trends that are shaping prices. This report delves into spot prices at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed hazelnuts price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting hazelnuts pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Hazelnuts Price Trend

Hazelnuts Market Analysis

The global hazelnuts market size reached US$ 2.09 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 3.94 Billion, at a projected CAGR of 7.30% during 2023-2032.

  • The rising popularity of plant-based diets is significantly boosting the demand for hazelnuts. As more consumers adopt vegetarian and vegan lifestyles, particularly in North America and Europe, the need for nutritious, plant-based foods increases. According to a report published by, Our World in Data, 5% of adults follow a vegetarian diet, while 2% follow a vegan diet globally. Younger adults are more inclined towards these diets. This trend is observed across different countries and has positive environmental implications. Hazelnuts are highly versatile, and used in various recipes such as nut butters, dairy alternatives, and vegan desserts. This shift towards plant-based eating is driven by health consciousness, environmental concerns, and ethical considerations, making hazelnuts a favored choice among those seeking wholesome, plant-derived ingredients. Consequently, the hazelnuts market is experiencing substantial growth in response to this dietary trend.
  • The growing awareness of the health benefits associated with hazelnuts significantly drives market demand. Hazelnuts, rich in healthy fats, proteins, vitamins, and antioxidants, are increasingly recognized for their positive impact on heart health and overall well-being. Consumers are prioritizing nutritious foods, making hazelnuts a popular choice for healthy snacks and ingredients. Their high levels of vitamin E, magnesium, and beneficial fats contribute to various health benefits, including reduced inflammation and improved cardiovascular health. As health-conscious eating trends rise, hazelnuts are becoming a preferred option in diets focused on wellness and nutrition.
  • Hazelnuts are a staple in the food industry, prominently featured in confectionery, bakery items, spreads, and dairy alternatives. Products like Nutella and various chocolate bars heavily utilize hazelnuts, driving significant demand. According to an article published by Cravedfw, each year, over 1.35 million pounds of Nutella are produced and over 250,000 tons are sold in 75 countries. The nine major global companies are based in Europe, Russia, North America, South America, and Australia. France is the largest consumer, accounting for over 25% of the world's consumption and production. Nutella is widely used in French cuisine, including in ice cream, breakfast dishes, and bread. The growing consumer preference for natural and plant-based ingredients further enhances their appeal, as manufacturers innovate to meet this trend. Hazelnuts' rich flavor and nutritional benefits make them ideal for new, health-focused products.

Hazelnuts News

The report covers the latest developments, updates, and trends impacting the global hazelnuts market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the hazelnuts price trend.

Latest developments in the hazelnuts industry:

  • In Dec 2023, a Ferrero-related company is in exclusive negotiations to acquire Michel et Augustin from Danone. Michel et Augustin is known for its premium biscuits and snacks, primarily sold in France and six other markets. The acquisition aims to strengthen Ferrero's presence in France and expand its footprint in the premium biscuits market.
  • In April 2024, Olam Group Limited's subsidiary, Olam Agri secured a US$625 million Shariah-compliant financing facility, diversifying its funding mix with access to a new investor pool. The facility, initially guaranteed by Olam Group, will transfer to Olam Agri after its planned IPO and demerger. The facility involves a diversified group of global investors, with Emirates NBD Capital Limited and Abu Dhabi Commercial Bank as the Global Shariah coordinators.

Product Description

Hazel nuts also known as filberts, are round, brown nuts from the hazel tree which is mainly cultivated in Turkey, Italy, and the United States. Hazelnuts are generally known for their rich, slightly sweet flavor and crunchy texture. These are highly sought-after ingredients in various culinary applications including confections, baked goods, and spreads like Nutella. They are nutritionally dense offering a significant amount of healthy fats, proteins vitamins, and minerals like vitamin E, magnesium, and antioxidants which contribute to heart health and overall Wellness. Their versatility extends to savory dishes and dairy alternatives which makes them a highly sought-after product in health-conscious diets. The rising consumer interest in nutritious, plant-based food further underscores the global appeal of hazelnuts driving their demand for both traditional and innovative food products.

Regional Coverage

The report provides a detailed analysis of the hazelnuts market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the hazelnuts price trend. 

Global Hazelnuts Price

The report offers a holistic view of the global hazelnuts pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.

Europe Hazelnuts Price

Hazelnut prices surged steeply in European countries, especially those with Turkish connections, due to supply concerns and blocked supply routes from Turkey, a leading producer. Challenges like global warming, insect damage, and inadequate rainfall have adversely impacted Turkish hazelnut harvest rates. Despite higher in-shell purchasing prices set by the Turkish Grain Board, traders halting sales until December have intensified supply concerns, leading to rapid price escalation and potential shifts in purchasing strategies.

Detailed price information for hazelnuts can also be provided for an extensive list of European countries.

Region Countries Covered
Europe Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries.

North America Hazelnuts Price

The analysis of hazelnuts prices in North America delves into the regional industry dynamics, encompassing the impact of local production and the trade flows between North America and other significant global markets.

Specific data on hazelnuts prices within the United States and Canada can also be provided.

Region Countries Covered
North America United States and Canada

Middle East and Africa Hazelnuts Price

The report explores the hazelnuts pricing trends in the Middle East and Africa, considering factors like the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

Region-wise data and information on specific countries within these regions can also be provided.

Region Countries Covered
Middle East & Africa Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries.

Asia Pacific Hazelnuts Price

The hazelnuts pricing trends in the Asia Pacific are examined, reflecting the role of the region as a major global producer and consumer of agricultural products, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This analysis can be expanded to include detailed hazelnuts prices for a comprehensive list of countries within the region.

Region Countries Covered
Asia Pacific China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries.

Latin America Hazelnuts Price

The analysis of hazelnuts prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, agricultural output, and trade frameworks.

This comprehensive review can be extended to include specific countries within Latin America.

Region Countries Covered
Latin America Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries.

Report Coverage

Key Attributes Details
Product Name Hazelnuts
Report Features Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Price Analysis, and Segment-Wise Assessment.
Currency/Units US$ (Data can also be provided in local currency) or Metric Tons
Region/Countries Covered The current coverage includes analysis at the global and regional levels only. 
Based on your requirements, we can also customize the report and provide specific information for the following countries: 
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand*
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* 
North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru*

Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco*

*The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client.
Information Covered for Key Suppliers
  • Company Overview
  • Business Description
  • Product Portfolio
  • Recent Trends and Developments
Customization Scope The report can be customized as per the requirements of the customer
Report Price and Purchase Option

Plan A: Monthly Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Month
    • Forecast for Next Month
  • Total Deliverables Per Year: 12 (One Per Month)
  • Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year

Plan B: Quarterly Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Quarter
    • Forecast for Next Quarter
  • Total Deliverables Per Year: 4 (One Per Quarter)
  • Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year

Plan C: Biannually Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Half
    • Forecast for the Next Half
  • Total Deliverables Per Year: 2 (One Per 6 Months)
  • Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year
Post-Sale Analyst Support  360-degree analyst support after report delivery
Delivery Format PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) 

Key Benefits for Stakeholders:

  • IMARC’s report presents a detailed analysis of hazelnuts pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
  • The study examines factors affecting hazelnuts price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
  • The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
  • IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The hazelnuts price charts ensure our clients remain at the forefront of the industry.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Hazelnuts Pricing Report ​2024​: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
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