Pecans: Europe is most important export destination

November 2, 2022 at 4:44 PM , Der AUDITOR
Play report as audio

ATLANTA. Europe has become the most important export destination for US pecans over the past five years, according to the latest APC export data. Asia is also an important customer, but exports here were temporarily down due to the trade war between the US and China.

Demand exceeds production

The American Pecan Council (APC) recently released its end-of-season report, which showed that US producers delivered about 139,253 mt of pecans to various market players such as processors, traders and exporters during the 2021/22 season. This represents a slight decrease from the previous year's shipments, which were about 150,592 mt. In the last two seasons, the damage from Hurricane Micheal was still so noticeable that production was lower. US exports are also down, though demand still exceeds production capacity, according to Pecan Report. Growers are working to counteract this by planting new trees and rehabilitating older plantations. The new harvest has started successfully and so far shows quite promising in the southeastern US, while there will be losses in Texas due to the severe drought.

Europe on top of export destination list

The latest APC export data shows that Europe is the most important export destination for US pecans: 88,450 mt were shipped here in the past five years. Asia is in second place with around 79,832 mt, although the trade war between the USA and China, which has now ended, should not be ignored here. China now accounts for the largest share of exports to Asia again, as Pecan Report states. The third most important US export destination is North America (excluding the US). Imports of US pecans in the last five years amounted to 17,236 mt here.

View more
-price charts on nuts, dried fruit, oilseeds, grains and more

View related articles

Go to the News Overview
Nov 28, 2023
CANBERRA. After witnessing years of high yields Australia's almond production slumped in 2023. This has impacted exports, which noted a 20% decline in September.
Nov 27, 2023
NEW DELHI. According to current forecasts, the Kharif crop in India could be smaller than hoped for. Prices on the peanut market, however, have stabilised after the Diwali festival.
Nov 27, 2023
ORDU. Turkey’s central bank took economists by surprise in hiking the key interest rate by 500 basis points to 40% on Thursday. Hazelnuts are profiting from a strong euro.
Nov 22, 2023
CAPE TOWN/BEIJING. After South Africa, China will bring in the second largest crop this season with 56,000 mt and assert itself as an important exporter. In Australia, market players are facing difficulties.