Chestnuts Price Trend

Chestnuts Prices December 2023

In the fourth quarter of 2023, the price of chestnuts in the USA reached 6,923 USD/MT. Similarly, in China, the chestnuts prices hit 1,397 USD/MT in December 2023. The Germany also saw chestnuts prices reaching 6,451 USD/MT during Q4 2023.

Chestnuts Price Trend, Market Analysis, and News

IMARC's latest publication, “Chestnuts Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the chestnuts market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of chestnuts at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed chestnuts price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting chestnuts pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Chestnuts Market Analysis

The global chestnuts market size reached US$ 3.7 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 4.9 Billion, at a projected CAGR of 3.22% during 2023-2032.

• Their demand is increasing, as chestnuts are low in fat and rich in vitamins and minerals. The growing consumption of healthier snack alternative is also catalyzing the demand for chestnuts.
• The market for chestnuts is being driven by a shift in customer tastes toward natural, organic, and gluten-free goods. Their ability of adapting to different cuisines appeals to a wider range of customers, which shapes market trends.
• Compared to other nuts, chestnuts have a short shelf life, thus handling and storing must be done with caution. Advancements in packaging and storage technology impact market dynamics by prolonging shelf life and decreasing waste.
• An article published in 2024 on the website of the World Animal Foundation (WAF) claims that there are approximately 88 million vegans around the world. The market for chestnuts is being driven mostly by a surge in veganism as more people look for nutrient-dense, plant-based food products. Because they are naturally free of gluten and packed with vital minerals, chestnuts make a great plant-based protein substitute for vegans.
• Chestnuts market demand is further amplified by their low glycemic index (GI) that helps in increasing blood sugar levels gradually. Because of this, they are a good snack for people who have diabetes or who want to keep their blood sugar levels steady.
• Chestnuts’ production is showing an upward trajectory due to developments in agricultural technologies, such as mechanization and better farming techniques. Technological advancements in processing and packaging influence product quality and market competitiveness as well.
• According to the IMARC Group’s report, the global e-commerce market size reached US$ 21.1 Trillion in 2023. The market for chestnuts is being driven by the growing e-commerce sector, which is increasing the accessibility of chestnuts to a wider range of consumers. Convenience and a greater selection of chestnut goods are provided by online platforms, which draw in health-conscious shoppers and foodies. Chestnut sales are increasing due to improved logistics and e-commerce's global reach, which is driving the market growth.

Chestnuts News

The report covers the latest developments, updates, and trends impacting the price of chestnuts, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the chestnuts price trend.

Latest developments in the chestnuts industry:

• In 2023, Specialty food purveyor Roland Foods announced that it has acquired IfiGourmet to strengthen their footprint in Chicago and San Francisco markets.

Product Description

Nuts that are edible and come from trees in the Castanea genus, mostly found in the Northern Hemisphere, are called chestnuts. Their unique properties and wide range of culinary applications have led to their classification as a "culinary nut". They are not oily like other nuts, instead, they have a starchy texture. Chestnuts are low in calories and fat, high in complex carbs and fiber, and a good source of several essential elements.

They are an extremely nutrient-dense food source since they include large amounts of minerals like potassium, magnesium, and iron as well as vitamins like vitamin C, B6, and folate. Their high fiber content helps control blood sugar levels, supports intestinal health, and facilitates digestion.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the chestnuts price trend. 

Global Chestnuts Price

The report offers a holistic view of the global chestnuts pricing trends in the form of chestnuts price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of chestnuts, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed chestnuts demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Chestnuts Price

European chestnuts prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

Detailed price information for chestnuts can also be provided for an extensive list of European countries.

North America Chestnuts Price

The analysis of chestnuts prices in North America delves into the regional industry dynamics, encompassing the impact of local production and the trade flows between North America and other significant global markets.

Specific chestnuts historical data within the United States and Canada can also be provided.

Middle East and Africa Chestnuts Price

The report explores the chestnuts pricing trends in the Middle East and Africa, considering factors like the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Chestnuts Price

The chestnuts pricing trends in the Asia Pacific are examined, reflecting the role of the region as a major global producer and consumer of agricultural products, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This chestnuts price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Chestnuts Price

The analysis of chestnuts prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, agricultural output, and trade frameworks.

This comprehensive review can be extended to include specific countries within Latin America.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of chestnuts pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting chestnuts price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The chestnuts price charts ensure our clients remain at the forefront of the industry.