During Q1’26, the hazelnut market remained under strong supply pressure across Asia, Europe, and North America as Turkey continued dominating global exports despite lower shipment volumes. Turkish hazelnut exports declined by 31% year-on-year to nearly 71,315 tons during the first four months of 2026, while export revenues approached $991 million due to tightening supply conditions. The 2025 harvest was estimated at around 400,000–450,000 tons, significantly below normal production levels, while seasonal exports were projected at around 210,000–220,000 tons. In Asia, higher freight and insurance costs linked to Strait of Hormuz disruptions increased landed import costs for food processors and confectionery manufacturers. Europe witnessed firm market conditions because of supply shortages and stable demand from the chocolate and bakery industries, although buyers remained cautious amid elevated procurement costs. In North America, procurement activity from the confectionery and snack sectors stayed steady, supported by continued consumption but constrained by reduced Turkish export availability.
Analyst Insight
According to Procurement Resource, hazelnut market conditions are expected to remain firm due to limited export supply and weather-related production uncertainty, although cautious downstream purchasing may restrict stronger market momentum.
Related Report
Get real-time price assessments, periodic trends, forecasts and price driver insights across key global markets.
Unlock Price Insights NowOur Clients
Turn price intelligence into action with the Procurement Resource Database. Log in or subscribe to unlock live price trends, historical charts, supplier databases, cost curves, and analyst-backed insights across chemicals, agriculture, energy, packaging, and more. Use these tools to benchmark your contracts, plan budgets with confidence, and stay ahead of market moves on every product you buy.
0
+Products
0
+Regions
0
+Subscriptions
In the second half of 2025, global hazelnut prices experienced significant fluctuations. At the start of this period, prices surged sharply as frost in Turkey, the largest hazelnut producer, severely reduced crop yields. This sudden shortage affected the global market, pushing buyers to compete for limited supplies. Prices reached record levels, creating concerns for chocolate manufacturers and other major buyers dependent on Turkish hazelnuts.
As the harvest progressed, the extreme price levels began to ease. Surpluses from previous years and better than expected harvests in other producing countries helped stabilize supply to some extent. Additionally, some traders and growers had to sell stock quickly to cover debts or meet financial obligations, which temporarily increased market supply and caused prices to fall.
By mid-October, global demand started to slow. High prices discouraged purchases, and many buyers, including large food and chocolate producers, held off on buying, waiting for the market to settle. The combination of cautious demand and gradually increasing supply led to a moderate decline in prices, both in spot markets and forward contracts. Overall, the market moved from an initial sharp surge caused by weather disruptions to a more balanced phase, reflecting the interplay between limited supply, financial pressures, and buyer caution.
Hazelnut is basically known as the nut of the hazel, which includes any of the nuts extracted from species of the genus Corylus, especially the nuts of the species Corylus avellana. It is better known as cobnut or filbert nut, according to species. Hazelnut oil, pressed from hazelnuts, is strongly flavoured and utilised as a cooking oil.
Food, Confectionery, Bakery, Medicine
Cobnut, Filbert Nut
Olam International, Aydin Kuruyemis Sanayii ve Ticaret A.S., Oregon Hazelnuts, Kanegrade Ltd., GEONUTS, Balsu Gida, Chelmer Foods Limited
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Several factors are to be kept in mind while harvesting hazelnuts. Its harvesting is carried out either by hand or, by mechanical raking of fallen nuts. Four major pieces of equipment are used in its commercial harvesting, which are, the sweeper, the harvester, the nut cart, and the forklift.
Siddharth David
Manager - Market Research
Delivering market research and procurement intelligence at Procurement Resource with a focus on economic forecasting, commodity analysis, and client advisory to help sourcing teams make data-backed purchasing decisions.
Our Price Analysis Methodology
Experience how Procurement Resource transforms raw material price data into clear, decision ready intelligence. Optimise your performance with reliable, expert market data and analysis. Schedule your demo today to experience a live walk-through where our experts will showcase interactive price charts, forecasted prices, and insights driving the prices for your key commodities, tailored to your workflows. Contact us now!
Our Team will be happy to assist you
We are just a text away
Still Need Help?
This report presents a detailed cost analysis of bio-adipic acid production from fatty acids (like coconut oil) using direct fermentation.
Unlock full access to Procurement Resource's price databases, interactive charts, and short-term forecasts for thousands of commodities. Elevate your sourcing decisions by comparing prices across regions, downloading historical data, and layering in analyst-backed insights, all with our flexible plans that scale as your portfolio grows.
Still have any Questions
Contact Us
Price Trend Dashboard - What's Included
Price trends across a diverse portfolio of categories and products, spanning board to niche chemicals
Coverage extendable to grade-specific chemicals based on procurement requirements
Regular price tracking supported by robust historical datasets
News, policy updates, and key market drivers impacting price movements
Short-term and long-term price outlooks and forecasts
Supply-demand dynamics and capacity-driven market analysis
Track prices, market movements, supply-demand dynamics, and industry developments across hundreds of commodities through a centralized intelligence platform built for informed procurement decisions.
Understand market fluctuations using analyst-backed forecasts, historical pricing patterns, and evolving industry trends to strengthen sourcing strategies and budget planning.
Leverage cost models, pricing benchmarks, and procurement insights to evaluate purchasing opportunities, improve negotiations, and enhance operational efficiency.
Access region-specific price trends, trade activities, capacity changes, and supply chain developments influencing commodity markets worldwide.
