Peru has emerged as the third largest exporter of Brazil nuts, contributing $30 million in 2023, despite a global demand decline of 17.8%. Bolivia leads in exports, while Germany ranks second as a re-exporter. The total value of the global Brazil nut market contracted by 28.8% in the same year, highlighting significant shifts in consumption and pricing.
Peru achieved recognition as the third-largest exporter of Brazil nuts, also known as Amazon nuts, in the previous year, according to the Exporters Association’s Global Economy and Business Research Center (CIEN-ADEX). In 2023, Peruvian exports amounted to $30 million, representing 12.4% of the global total despite a 17.8% decrease in demand for the product. Leading the market was Bolivia, contributing 47.5% of shipments at $115.4 million, while Germany, primarily a re-exporting nation, secured the second position with $36 million, or 14.8% of the total.
The global market for Brazil nuts has experienced considerable fluctuations in recent years, with a notable contraction of 28.8% in 2023, resulting in a market valuation of $229 million. This decline has been attributed to several factors, including surplus stock in major importing countries, shifts in consumption patterns, and diminishing demand, which collectively influenced the pricing and sales of Brazil nuts. Market dynamics reveal significant changes among leading exporters and importers, particularly emphasizing the roles of Bolivia, Germany, and the United States.
In summary, Peru’s ascent to being the third-largest exporter of Brazil nuts signifies a notable development within the global market, which itself is undergoing transformation. The ongoing decline in global demand for Brazil nuts and changes in consumer preferences indicate challenges that exporters will need to navigate moving forward. Moreover, the situation highlights the competitive landscape dominated largely by Bolivia and Germany, with implications for market strategies among smaller exporting nations like Peru.
Original Source: www.freshfruitportal.com
