Hazelnuts Price Trend Analysis 2026: Latest News, Price Drivers, Market Insights, Supply Demand Analysis & Historical Prices
Hazelnuts Price Trend Q1 2026
- Global hazelnut markets remained firm during Q1’26 due to reduced Turkish harvest expectations, lower export availability, and weather-related supply disruptions across major producing regions.
- Supply-side pressure intensified because of frost damage, weaker orchard yields, and elevated freight costs linked to Middle East shipping disruptions.
- Downstream demand from confectionery, bakery, chocolate spreads, and premium snack applications remained stable, although buyers maintained cautious procurement amid tighter availability.
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.
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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.
About Hazelnuts
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.
Hazelnuts Product Detail
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
Regional Coverage
Asia Pacific
Europe
North America
Latin America
Africa
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.
Hazelnuts Production Processes
- Harvesting of Hazelnuts
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.
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