Pecans Prices

Pecans Prices December 2023

In the fourth quarter of 2023, the price of pecans in the United States reached 3950 USD/MT by December.

The pecans prices in Germany reached 5486 USD/MT in December 2023.

Pecans Price Trend, Market Analysis, and News

IMARC's latest publication, “Pecans Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the pecans market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of pecans at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed pecans price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting pecans 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.

Pecans Market Analysis

The global pecans market size reached US$ 168.7 Thousand Tons in 2023. By 2032, IMARC Group expects the market to reach US$ 231.95 Thousand Tons, at a projected CAGR of 3.60% during 2023-2032.

• Growing consumer awareness regarding the health benefits associated with pecan consumption is driving market demand. Pecans are rich in heart-healthy fats, antioxidants, vitamins, and minerals, which support cardiovascular health, weight management, and overall wellness. This nutrient-dense profile is leading to an increased preference for pecans as a healthy snack option. As consumers become more health-conscious, they are seeking out nutritious snacks, and pecans, with their myriad health advantages, are becoming a favored choice, further boosting demand for pecans across the world.
• Technological advancements in farming and processing have significantly boosted the pecan market. Improved agricultural techniques, such as precision farming and enhanced irrigation methods, have increased yield and quality. Innovations in genetic research are leading to disease-resistant and higher-yielding pecan varieties. For instance, in March 2024, the USDA-ARS completed a $2.5 million laboratory modernization for the Pecan Breeding and Genetics Program allowing for advancements in pecan breeding and plant disease research. The new facility in Somerville, Texas enables researchers to incorporate genetic techniques reducing the breeding process by up to a decade. Additionally, advancements in processing methods, including more efficient shelling and sorting technologies, ensure better product quality. New packaging and storage technologies extend the shelf life of pecans, enhancing their marketability by maintaining freshness and reducing spoilage during transportation and storage.
• Favorable trade agreements and policies bolster pecan exports, ensuring broader market access and competitive pricing. Economic stability in key growing regions like Georgia and New Mexico contributes to consistent supply, as robust agricultural infrastructure and investment in these areas support sustained production levels. According to the report published by USDA, in 2022, pecan production in the United States saw an 8 % increase from the previous year totaling 275 million pounds. The crop's value amounted to $493 million with an average annual price of $1.79 per pound. Improved variety pecans dominated production accounting for 97% of the total. Georgia led in utilized production at 126 million pounds followed by New Mexico at 79.0 million pounds. Native and seedling variety production saw a 43 percent decrease from 2021. These factors collectively enhance the market's resilience, enabling it to meet domestic and international demand effectively, while also encouraging further growth and expansion in the global pecan industry.

Pecans News

The report covers the latest developments, updates, and trends impacting the price of pecans, 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 pecans price trend.

Latest developments in the pecans industry:

• In June 2024, HEINZ and Kate Spade New York teamed up for a limited-edition summer collection blending HEINZ's iconic red with Kate Spade New York's playful styles. The collection includes accessories, apparel and footwear celebrating the brands' shared values and loyal fanbases. This partnership is a fusion of fashion and flavor, creating "condiment couture" for summer.
• In June 2024, ADM and Bayer extended their collaboration to promote regenerative agriculture practices in Europe. Their work with oilseed rape farmers in Poland showed a 15% reduction in carbon emissions as compared to conventional farms. The next stage will expand to crops like corn, wheat, and barley across Eastern Europe. Participating farmers will receive financial and technical support and access to Bayer's digital capabilities. The program aims to build a more sustainable supply chain with lower carbon emissions.

Product Description

Pecans are a type of nut native to North America, particularly the southern United States and Mexico. They grow on large deciduous trees scientifically known as Carya Illinoinensis. Pecans are prized for their rich, buttery flavor and are commonly used in a variety of culinary applications, from snacking and baking to savory dishes. The nuts have a distinctive, slightly curved shape with a smooth, brown shell that encases a sweet, creamy kernel. Pecans are not only delicious but also packed with nutrients, including healthy fats, protein, fiber, vitamins, and minerals such as magnesium and zinc. They are a key ingredient in traditional dishes like pecan pie, pralines, and various salads. In addition to their culinary uses, pecans are celebrated for their health benefits, including heart health support and antioxidant properties, making them a versatile and nutritious addition to any diet.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast 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 pecans price trend.

Global Pecans Price

The report offers a holistic view of the global pecans pricing trends in the form of pecans price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of pecans, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed pecans demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Pecans Price

European pecans prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

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

North America Pecans Price

The analysis of pecans 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 pecans historical data within the United States and Canada can also be provided.

Middle East and Africa Pecans Price

The report explores the pecans 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.

Asia Pacific Pecans Price

The pecans 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 pecans price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Pecans Price

The analysis of pecans 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.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of pecans pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting pecans 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 pecans price charts ensure our clients remain at the forefront of the industry.