Market research

Palm nuts and kernels market in Honduras

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The palm nuts and kernels market in Honduras opened the period at 2.5 million tons in 2018, a high level supported by a regulatory framework that encouraged land concentration for oil palm monoculture and provided tax exemptions to state producers like Hondupalma. After a dip to 2.3 million tons in 2019, the market volume stabilized near 2.4 million tons in 2020.

A sharp contraction followed in 2021, with the market falling to 2.1 million tons after the sector reported severe yield losses, with 99% of agricultural losses attributed to oil palm cultivation. The market held near this level in 2022 before declining further to 2 million tons in 2023, as local supply was impacted by crop diseases such as Pudrición de Cogollo in some regions. Concurrently, strong international demand drove growth in palm oil exports, though the domestic market for nuts and kernels shrank.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Honduras
  1. 5.1.1. Annual dynamics of production in Honduras in kind, 2018-2023, K t
  2. 5.1.2. Annual dynamics of production in Honduras in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Exports
1. 6.1. Exports (Direct Data*)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Honduras in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Honduras by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Honduras in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Honduras by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Honduras, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's exports from Honduras by countries, 2018-2024, $ US/kg
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Honduras in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Honduras by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Honduras in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Honduras by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Honduras, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's exports from Honduras by countries, 2018-2024, $ US/kg
7. Imports
1. 7.1. Imports (Direct Data*)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Honduras in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Honduras by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Honduras in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Honduras by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Honduras, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's imports to Honduras by countries, 2018-2024, $ US/kg
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Honduras in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Honduras by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Honduras in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Honduras by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Honduras, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's imports to Honduras by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production palm nuts and kernels in Honduras

In kind, 2017-2020, K t

Honduras was among the world's leading producers of palm nuts and kernels from 2017 to 2020, ranking 11th globally by production volume during this period.

Top producers of palm nuts and kernels, 2017-2020

Source: SHEV.io

World map of production of palm nuts and kernels, 2017-2020

Source: SHEV.io

In 2020, Honduras produced 2 358 thousand tons of palm nuts and kernels, showing a modest 0.9% increase compared to 2019. Production reached its highest point in 2018 at 2 495 thousand tons, with a 3.6% growth that year. However, it fell to its lowest level in 2019 at 2 337 thousand tons, marking a significant 6.3% decline. Overall, production decreased by 2.1% between 2017 and 2020, averaging an annual decline of 0.7%.

Annual dynamics of production in Honduras in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	3.6%	(6.3%)	0.9%	(0.7%)

Source: SHEV.io

Exports palm nuts and kernels from Honduras

Exports in kind, t

Exports of palm nuts and kernels from Honduras showed notable fluctuations during the period. They peaked in 2018 and hit their lowest point in 2020, with a dramatic 33 645-fold difference between these years. In 2020, exports amounted to 0.4 tons, representing a sharp 196.0% increase from the previous year.

Annual dynamics of product's exports from Honduras in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	196.0%	n/a	n/a	(95.6%)

Source: SHEV.io

From 2017 to 2020, Guatemala and the United States dominated Honduras's palm nuts and kernels exports in volume, together accounting for 89.3% of the total trade flows.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Honduras in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

In 2020, Honduras's palm nuts and kernels exports totaled 89 thousand US dollars, reflecting a steep 37.5% drop compared to 2019. Over the entire 2017-2020 period, exports plummeted by 99.5%, with an average annual decline of 82.4%.

Annual dynamics of product's exports from Honduras in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(37.5%)	n/a	n/a	(82.4%)

Source: SHEV.io

Between 2017 and 2020, the export market in value terms was highly concentrated, with the United States alone responsible for 92.7% of total exports.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Honduras in value, 2017-2020

Source: SHEV.io

Imports palm nuts and kernels to Honduras

Imports in kind, t

Imports of palm nuts and kernels into Honduras exhibited significant volatility from 2017 to 2020. They reached their highest level in 2018 at 45 103 tons, with a substantial 268.3% increase that year, but fell to their lowest point in 2020 at 261 tons, marking a 95.3% decrease from 2019. Overall, import levels fluctuated by 173-fold between the peak in 2018 and the trough in 2020.

Annual dynamics of product's imports to Honduras in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	268.3%	(87.6%)	(95.3%)	(72.3%)

Source: SHEV.io

Throughout 2017-2020, Guatemala was the primary supplier of palm nuts and kernels to Honduras in volume, consistently accounting for 55.0% of total imports.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Honduras in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

Honduras's imports of palm nuts and kernels in value terms declined for the third consecutive year in 2020, totaling 237 thousand US dollars, which represents a 72.0% fall compared to 2019. Over the 2017-2020 period, imports decreased by 98.4%, with a compound annual growth rate (CAGR) of -75.0%.

Annual dynamics of product's imports to Honduras in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(55.0%)	(87.6%)	(72.0%)	(75.0%)

Source: SHEV.io

From 2017 to 2020, the United States (43.7% of imports in value terms), Free Zones (35.6%), and Guatemala (13.5%) were the principal sources for Honduras's palm nuts and kernels imports, together making up 92.9% of total trade flows.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Honduras in value, 2017-2020

Source: SHEV.io