Global Walnut Market 2024

Walnut Market Size

After two years of growth, the global walnut market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Walnut Production

In value terms, walnut production totaled $X in 2022 estimated in export price. In general, the total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. Global production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were China (X tons), the United States (X tons) and Iran (X tons), with a combined X% share of global production. Turkey, Mexico, Chile, Burkina Faso and Ukraine lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Chile (with a CAGR of X%), while production for the other global leaders experienced more modest paces of growth.

The global average walnut yield amounted to X tons per ha in 2022, remaining stable against the previous year. Over the period under review, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the yield increased by X% against the previous year. The global yield peaked at X tons per ha in 2017; however, from 2018 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of walnuts were harvested worldwide; remaining stable against the previous year's figure. The harvested area increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X%. The global harvested area peaked at X ha in 2021, and then dropped modestly in the following year.

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Walnut Exports

Exports

In 2022, the amount of walnuts exported worldwide rose notably to X tons, surging by X% against the year before. In general, total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the global exports failed to regain momentum.

In value terms, walnut exports rose remarkably to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The global exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from the United States (X tons), Chile (X tons), China (X tons) and the United Arab Emirates (X tons), together finishing at X% of total export. France (X tons), Turkey (X tons), Mexico (X tons) and Kyrgyzstan (X tons) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by China (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest walnut supplying countries worldwide were the United States ($X), Chile ($X) and China ($X), with a combined X% share of global exports.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average walnut export price amounted to $X per ton, approximately equating the previous year. In general, the export price, however, saw a pronounced slump. The pace of growth appeared the most rapid in 2014 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other global leaders experienced mixed trends in the export price figures.

Walnut Imports

Imports

In 2022, global imports of walnuts contracted to X tons, shrinking by X% compared with 2021. In general, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of global imports failed to regain momentum.

In value terms, walnut imports shrank to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, global imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Turkey (X tons) and the United Arab Emirates (X tons) were the key importers of walnuts in 2022, resulting at near X% and X% of total imports, respectively. It was distantly followed by Italy (X tons), Mexico (X tons), India (X tons) and Iran (X tons), together mixing up a X% share of total imports. The following importers - Morocco (X tons), Iraq (X tons), Kyrgyzstan (X tons), Kazakhstan (X tons), Spain (X tons), Germany (X tons) and Russia (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Kyrgyzstan (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Mexico ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of global imports. Italy, Iran, Morocco, India, Iraq, Spain, Germany, Kazakhstan, Kyrgyzstan and Russia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Kyrgyzstan, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average walnut import price stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the import price recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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