Peru ranks as the third-largest exporter of Brazil nuts globally, achieving $30 million in exports in 2023 despite a 17.8% decline in demand. Bolivia leads with $115.4 million in exports, and Germany follows with $36 million. The overall market for Brazil nuts shrank by 28.8% last year, with Germany as the largest importer, accounting for 17.2% of the imports.
Peru has emerged as the third-largest exporter of Brazil nuts, also referred to as Amazon nuts, following Bolivia and Germany. In 2023, Peruvian exports reached a total of $30 million, which represents 12.4% of the global share, despite experiencing a significant drop of 17.8% in demand. Bolivia retained its position as the leading exporter with a remarkably larger market share of 47.5%, valued at $115.4 million, while Germany occupied the second position with a volume of $36 million, accounting for 14.8% of total shipments.
The Global Economy and Business Research Center of the Exporters Association (CIEN-ADEX) reported a contraction of 28.8% in the global Brazil nut market in 2023, positioning its total value at $229 million. In the realm of imports, Germany has been confirmed as the preeminent importer, responsible for 17.2% of the global imports valued at $39.5 million. The United States and the United Kingdom followed suit with $37.7 million and $21.5 million, respectively.
Analyzing trends from 2019 to 2023, the sector faced an average decrease of 3.2% in shipments due to an oversupply in key markets combined with changing consumer preferences. This phenomenon has contributed to the reduction in overall demand and a decline in market prices.
Brazil nuts, renowned for their nutritional value and culinary applications, have significant trading dynamics in the global market. As key players such as Bolivia, Peru, and Germany influence exportation and pricing strategies, shifts in consumer preferences and market saturation can dramatically affect the economic viability for exporting countries. Over the past few years, fluctuations in demand have led to a reevaluation of export strategies and market positions, making analysis of current trends essential for stakeholders in the industry.
In conclusion, Peru’s position as the third-largest exporter of Brazil nuts signifies its growing importance in the global agriculture market, even amidst challenges such as decreasing demand and declining prices. As the global market continues to evolve, stakeholders must adapt to changing consumption trends and become cognizant of market pressures to maintain competitiveness. The continuing dominance of Bolivia and the unique role of Germany as a re-exporter highlight the complex dynamics of this commodity’s trade.
Original Source: www.freshfruitportal.com
