Hazelnuts Price in USA
- United States: 4604 USD/MT
In the fourth quarter of 2023, the price of hazelnuts in the United States reached 4604 USD/MT by December.
The latest report by IMARC Group, titled "Hazelnuts Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of hazelnuts prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Hazelnuts Prices December 2023:
- United States: 4604 USD/MT
- China: 2427 USD/MT
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The study delves into the factors affecting hazelnuts price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Hazelnuts Price Trend- Last Quarter
Numerous important reasons are driving the hazelnut market. The food and beverage (F&B) industry's growing demand for hazelnuts, especially in confectionery products including spreads, chocolates, and baked goods, is driving the market's expansion. Furthermore, the market expansion is being driven by consumers' growing desire for plant-based and healthful snack options, which has increased demand for hazelnuts. Hazelnuts are noted for having a rich nutritional profile that includes high levels of vitamins, minerals, and healthy fats. In addition, the growing demand for products containing hazelnuts in developing economies because of shifting dietary preferences and rising disposable income is driving the market's rise.
Moreover, the growing use of hazelnuts in the production of non-dairy alternatives, such as hazelnut milk and creamers, which aligns with the trend toward vegan and lactose-free diets, is contributing to the market growth. In addition, the adoption of sustainable farming practices and organic production methods, driven by consumer awareness and preference for environmentally friendly products, is acting as another growth-inducing factor. Furthermore, recent innovations in processing technologies and enhanced distribution networks, which are facilitating the availability and accessibility of high-quality hazelnuts across the globe, are supporting the market growth.
Hazelnuts Industry Analysis
In North America, the factors influencing hazelnut prices in the last quarter include fluctuations in supply due to climatic conditions affecting the yield. Additionally, adverse weather events, such as frost or drought, have impacted production volumes, leading to tighter supply and higher prices. Besides this, increased labor and transportation costs have contributed to the rising prices, as the agricultural sector faces challenges with workforce availability and logistics. Furthermore, heightened demand from the food processing industry, driven by the popularity of hazelnut-based products, has exerted upward pressure on prices.
In the Asia Pacific region, the factors influencing hazelnut prices include changes in import tariffs and trade policies, affecting the cost of imported hazelnuts. Additionally, currency fluctuations have played a role, with weaker local currencies making imported hazelnuts more expensive. Also, the growing demand from the confectionery and snack industries in the region has contributed to price increases.
Regional Price Analysis:
- 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
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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