Pecans: demand on the rise
February 23, 2022 at 12:26 PM ,
Der AUDITOR
Trade war put shipments to China to a halt
The experts at Pecan Report have taken a look at the development of demand over the last four years, based on data from the American Pecan Council. It becomes clear that there has been a continously increasing demand; in the meantime, American producers are already struggling to cover this demand adequately. For example, deliveries in the 2017/18 season were just over 134,000 mt (296 million lbs). In January 2018, the trade war between China and the USA erupted, causing US pecan exports to China to come to an almost complete standstill. Domestic demand in the US had been largely stagnant in previous years; now marketing was boosted, resulting in offsetting the shortfall in shipments to China. As a result, deliveries in the 2018/19 season already reached just under 154,000 mt (339 million lbs), a 14.6% increase over the previous season.
Increased raw nut shipments from Mexico
The 2019/20 season also continued the upward trend, when exports of just under 168,000 mt (370 million lbs) were recorded. However, the biggest jump came in the 2020/21 season, when shipments climbed by 26% and reached almost 211,000 mt (466 million lbs). In the meantime, China had also re-entered the market and domestic demand was also able to maintain its high level. In the meantime, demand from China was so high that Mexico had to step in and cover the demand. By now, the USA is also increasingly sourcing raw nuts from its neighbouring country for further processing and shipping. US producers are working to increase their production, but the long period between planting new trees and the first harvest means that this is not possible in a timely manner.
Prices on the European spot market initially rose significantly in recent weeks, but have eased slightly in the last few days. Shelled Fancy Junior Mammoth Halves from the USA currently cost EUR 12.25/kg FCA Spain.
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Pecans, USA |
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|
Type |
EUR/kg |
USD/kg |
|
Fancy Junior Mammoth Halves |
12.25 |
13.90 |
|
Large Pieces |
9.75 |
11.10 |
|
Small Pieces |
9.65 |
10.95 |
|
FCA Spain |
||
German imports up by a third
German pecan imports increased significantly in 2021; overall demand rose by more than a third. With over 5,000 mt, the USA remains the most important growing country for shipments to Germany, which increased by almost 33% year-on-year. Mexico follows in second place with an increase of a good 9% and a delivered quantity of 306 mt. The Netherlands recorded a significant increase of almost 277%, while Peru's shipments to Germany fell by almost 19%.
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Pecan* imports, Germany, in mt |
|||
|
Country |
2020 |
2021 |
Diff. |
|
USA |
3,776 |
5,007 |
32.6% |
|
Mexico |
280 |
306 |
9.3% |
|
Netherlands |
52 |
196 |
276.9% |
|
South Africa |
71 |
75 |
5.6% |
|
Peru |
48 |
39 |
-18.8% |
|
Others |
28 |
72 |
157.1% |
|
Total |
4,255 |
5,695 |
33.8% |
|
Federal Statistical Office of Germany / Jan-Dec *08029910 Fresh or dried pecans |
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