Sales of hazelnuts, an important export product of Turkey, fell in 2020. According to the data from the Black Sea Hazelnut Producers and Exporters Union (KFMIB) in comparison to 2019, hazelnut exports decreased by 12.1% in volume and 4.1% in monetary value in 2020.
In 2019, the total exports of hazelnuts were 319,772 tons with total revenue exceeding $2 billion. However, in 2020, exports decreased to 280,924 tons and generated revenue of $1.9 billion.
According to Dunya, in the aforementioned period, Turkish hazelnut exports decreased by 38,848 tons, which equates to $83.4 million in monetary terms. During the 2020/21 hazelnut export season (September 1 – December 31, 2020), over 106,000 tons of hazelnuts, which is equivalent to $732.8 million, was exported. Considering that exports in the same period of the 2019/20 season were 168,000 tons, or roughly $1.1 billion, export volumes declined by 36.4% and 32.7 % in value.
President of KHMIB Ilyas Edip Sevinc hopes that exports will increase again in the near future as the coronavirus situation and global economic conditions improve. Mr Sevinc continued as follows: “Hazelnuts and their products are among the sectors where exports have decreased the most compared to other agricultural sectors. However, prior to the start of the season, the Exporters’ Unions warned that we would face such a situation. Treating hazelnuts as a speculative basic product without taking into account the balance of supply and demand will never be beneficial for our country, providing employment in rural areas, and all stakeholders in the sector.”
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