Treenuts market in South America

Earlier Report Observations

From 2018 to 2020, South America's treenuts production showed fluctuations, starting at 555.8 thousand tons in 2018, dipping to 539.3 thousand tons in 2019, then recovering to 560.5 thousand tons in 2020. Market volume followed a similar path, moving from 438.4 thousand tons down to 413.4 thousand tons before rising to 431.3 thousand tons. This period occurred alongside a broader global rise in tree nut production over the preceding decade, which helped maintain supply.

Production then entered a phase of strong growth, reaching 611.0 thousand tons in 2021 and jumping to 720.6 thousand tons in 2022. This surge was driven by significantly higher prices for nuts like Brazil nuts, influenced by geopolitical events, coupled with robust export demand for products such as pistachios from key markets like the United States. The trend reversed in 2023, with production falling to 682.4 thousand tons and market volume dropping to 506.2 thousand tons, a contraction that coincided with lower average prices for several major nut varieties during that year.

Production treenuts in South America

In kind, 2017-2020, K t

Top producers of treenuts, 2017-2020

World map of production of treenuts, 2017-2020

In 2020, South America produced 560.5 thousand tons of treenuts, marking a moderate increase of 3.9% compared to 2019. Looking at the broader period from 2017 to 2020, production grew by 20.2%, which translates to an annualized growth rate of 6.3%. The most significant decline occurred in 2019, with a drop of 3.0%, while the largest increase was recorded in 2018 at 19.2%.

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

In value, 2017-2020, M $ US

South America's treenuts production value declined for the second year in a row. In 2020, the output was valued at 2,641 million US dollars, reflecting a moderate decrease of 8.9% from the previous year. Over the 2017-2020 period, production value fell by 12%, with a compound annual growth rate (CAGR) of -4.2%. The peak value was reached in 2018 at 3,300 million US dollars. The largest decline was in 2019 at 12.1%, while the biggest increase occurred in 2018 with a rise of 10.0%.

Annual dynamics of production in South America in value, 2017-2020, M $ US

Exports treenuts from South America

Exports in kind, K t

Foreign treenuts supplies from South America increased for the third consecutive year. In 2020, South America exported 193.0 thousand tons of treenuts, showing a slight rise of 2.6% compared to 2019. From 2017 to 2020, exports grew by 26.8%, equating to an annualized growth rate of 8.2%.

Annual dynamics of product's exports from South America in kind, 2017-2020, K t

Between 2017 and 2020, no single market dominated South America's treenuts exports. Italy accounted for 13.6% of exports in kind, Turkey for 11.5%, and Germany for 7.4%, together making up just 32.5% of total exports. Many smaller partners each held modest individual shares, indicating a diversified export structure.

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

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

Exports in value, M $ US

South America's treenuts export value declined for the second year in a row. In 2020, exports amounted to 910 million US dollars, representing a significant reduction of 10.1% from 2019. Over the 2017-2020 period, export value decreased by 7.1%, with a CAGR of -2.4%. The highest value was recorded in 2018 at 1,081 million US dollars, and the largest increase occurred that same year with a rise of 10.5%.

Annual dynamics of product's exports from South America in value, 2017-2020, M $ US

From 2017 to 2020, South America's treenuts exports in value terms were not heavily concentrated. Italy captured 15.9% of exports in value, Germany 10.4%, and the United States 9.8%, together accounting for only 36.1% of total flows. The remainder was distributed among numerous other countries, reflecting a broad market base.

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

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

Imports treenuts to South America

Imports in kind, K t

After a two-year decline, treenuts shipments to South America from abroad increased. In 2020, South America imported 62.3 thousand tons of treenuts, which is 2.6% higher than in 2019. Over the 2017-2020 period, imports decreased by 18.7%, with a CAGR of -6.7%. The lowest volume was recorded in 2019 at 62.3 thousand tons, and the largest decline occurred in 2018 with a drop of 17.6%.

Annual dynamics of product's imports to South America in kind, 2017-2020, K t

During 2017-2020, Indonesia was the largest supplier of treenuts to South America in kind, accounting for 18.3% of imports, followed by the United States at 14.0% and the Philippines at 12.3%. Together, these three countries represented just 44.6% of total imports in kind, highlighting a broadly diversified partner base with many smaller contributors.

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

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

Imports in value, M $ US

After a two-year drop, South America's treenuts imports increased. In 2020, South America imported approximately 268 million US dollars worth of treenuts, representing a 6.3% increase from the previous year. Between 2017 and 2020, import value decreased by 13.4%, equating to an annualized decline of 4.7%. The lowest value was recorded in 2019 at 252 million US dollars, and the largest decline occurred that same year with a drop of 15.1%.

Annual dynamics of product's imports to South America in value, 2017-2020, M $ US

The market base for imports in value terms from 2017 to 2020 was wide. The United States accounted for 23.9% of imports in value, Turkey for 10.3%, and Indonesia for 7.3%, together making up just 41.6% of total flows. The remaining 58.4% was shared by numerous other countries, underscoring the diversity of South America's import partners.

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

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