U.S. - Nuts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNuts Price in the United States - 2023
Contents:
- Nuts Price in the United States (FOB) - 2022
- Nuts Price in the United States (CIF) - 2022
- Nuts Exports in the United States
- Nuts Imports in the United States
Nuts Price in the United States (FOB) - 2022
The average nuts export price stood at $5,127 per ton in 2022, which is down by -5.7% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 11% against the previous year. The export price peaked at $5,826 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($8,053 per ton), while the average price for exports to India ($4,050 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Nuts Price in the United States (CIF) - 2022
The average nuts import price stood at $10,980 per ton in 2022, picking up by 20% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($16,772 per ton), while the price for China ($725 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Nuts Exports in the United States
In 2022, overseas shipments of nuts decreased by -3.5% to 684K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 1.3%.
In value terms, nuts exports shrank to $3.5B in 2022. Over the period under review, exports saw a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of 8%.
Export of Nuts in the United States (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 777 | 887 | 822 | 969 | 7.6% |
China | 467 | 554 | 727 | 451 | -1.2% |
Turkey | 239 | 133 | 156 | 263 | 3.2% |
Germany | 255 | 270 | 324 | 258 | 0.4% |
Belgium | 122 | 172 | 153 | 191 | 16.1% |
United Arab Emirates | 182 | 109 | 139 | 190 | 1.4% |
Mexico | 208 | 202 | 153 | 115 | -17.9% |
Spain | 151 | 130 | 143 | 114 | -8.9% |
Vietnam | 57.5 | 80.9 | 103 | 107 | 23.0% |
Hong Kong SAR | 573 | 200 | 208 | 98.5 | -44.4% |
Italy | 145 | 97.2 | 120 | 87.3 | -15.6% |
Netherlands | 132 | 89.5 | 113 | 63.5 | -21.6% |
Canada | 138 | 142 | 147 | 37.5 | -35.2% |
Others | 582 | 505 | 548 | 563 | -1.1% |
Total | 4,030 | 3,570 | 3,857 | 3,509 | -4.5% |
Top Export Markets for Nuts from the United States in 2022:
- India (239.3K tons)
- China (89.2K tons)
- Turkey (59.7K tons)
- United Arab Emirates (41.2K tons)
- Germany (37.3K tons)
- Belgium (31.0K tons)
- Mexico (20.4K tons)
- Italy (17.1K tons)
- Spain (16.9K tons)
- Vietnam (16.0K tons)
- Hong Kong SAR (15.9K tons)
- Netherlands (7.9K tons)
- Canada (4.9K tons)
Nuts Imports in the United States
Nuts imports into the United States declined rapidly to 21K tons in 2022, dropping by -78.2% on 2021 figures. Overall, imports saw a dramatic decline. The most prominent rate of growth was recorded in 2021 when imports increased by 1.4%.
In value terms, nuts imports shrank significantly to $227M in 2022. Over the period under review, imports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 3.5%.
Import of Nuts in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Africa | 122 | 67.6 | 58.9 | 80.4 | -13.0% |
Kenya | 55.1 | 42.1 | 58.4 | 62.1 | 4.1% |
Vietnam | 2.6 | 15.3 | 19.8 | 14.1 | 75.7% |
Malawi | 13.1 | 8.0 | 11.6 | 13.2 | 0.3% |
Australia | 35.0 | 12.7 | 27.3 | 10.4 | -33.3% |
Guatemala | 13.9 | 9.8 | 7.6 | 8.0 | -16.8% |
Italy | 12.3 | 7.5 | 9.0 | 6.7 | -18.3% |
Brazil | 13.4 | 7.8 | 9.2 | 6.6 | -21.0% |
Cote d'Ivoire | 7.3 | 4.0 | 1.6 | 6.2 | -5.3% |
Turkey | 3.0 | 2.3 | 4.8 | 4.6 | 15.3% |
Mexico | 689 | 566 | 559 | 2.7 | -84.2% |
South Korea | 1.6 | 1.2 | 1.3 | 1.3 | -6.7% |
China | 86.2 | 68.8 | 64.2 | 0.8 | -79.0% |
Others | 22.4 | 26.4 | 36.4 | 10.5 | -22.3% |
Total | 1,077 | 840 | 869 | 227 | -40.5% |
Top Suppliers of Nuts to the United States in 2022:
- South Africa (4.8K tons)
- Kenya (4.2K tons)
- Vietnam (3.1K tons)
- Italy (1.2K tons)
- China (1.1K tons)
- Malawi (1.0K tons)
- Brazil (0.8K tons)
- Australia (0.7K tons)
- Mexico (0.6K tons)
- Cote d'Ivoire (0.6K tons)
- Guatemala (0.5K tons)
- Turkey (0.3K tons)
- South Korea (0.3K tons)
This report provides an in-depth analysis of the nuts market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 221 - Almonds
- FCL 223 - Pistachios
- FCL 222 - Walnuts
- FCL 220 - Chestnuts
- FCL 217 - Cashew nuts
- FCL 225 - Hazelnuts (Filberts)
- FCL 216 - Brazil nuts
- FCL 234 - Nuts nes
- FCL 224 - Kolanuts
- FCL 226 - Areca nuts
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the nuts market in the U.S..
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Export of nuts, in terms of value, decreased to $221M in July 2023.
In August 2022, the almond price per ton amounted to $4,103, declining by -6.3% against the previous month.
In May 2022, the almond price per ton amounted to $4,036 (FOB, US), surging by 4.7% against the previous month.
U.S. almond exports hit a record high of approx. $1.1B in 2020, which was equal to 296K tons. An increase in harvested area, especially in California, led to a higher almond output that enabled to propel exports. India became the main importer of American almonds, accounting for 74% of the total export volume.
Shelled Walnut exports reached a peak of 154K tons in 2022 before declining the following year. The value of these exports notably decreased to $625M in 2023.
Export volumes of Shelled Walnuts reached a peak of 154K tons in 2022, but experienced a decline the next year. In terms of value, exports significantly decreased to $625M in 2023.
In Feb 2023, shelled walnut prices were $4,260/ton (FOB, US), a -1.7% change compared to the previous month.
In November 2022, the shelled walnut price stood at $4,472 per ton (FOB, US), falling by -4.6% against the previous month.
In August 2022, the walnut price per ton amounted to $4,374, waning by -3.1% against the previous month.
In June 2022, the walnut price per ton amounted to $3,957 per ton, picking up by 12% against the previous month.