Argentina: Walnut Market 2025

Walnut Market Size in Argentina

The Argentinian walnut market reduced slightly to $X in 2021, flattening at the previous year. Overall, consumption recorded a slight setback. Walnut consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Walnut Production in Argentina

In value terms, walnut production declined to $X in 2021 estimated in export price. Overall, production continues to indicate a perceptible reduction. The growth pace was the most rapid in 2014 with an increase of 20%. Walnut production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

The average yield of walnuts in Argentina shrank modestly to X tons per ha in 2021, falling by -2.7% against the previous year's figure. In general, the yield continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2020 when the yield increased by 5.8%. The walnut yield peaked at X tons per ha in 2012; however, from 2013 to 2021, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of walnuts were harvested in Argentina; falling by -2% against 2020. Over the period under review, the harvested area, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2016 when the harvested area increased by 50%. The walnut harvested area peaked at X ha in 2020, and then dropped in the following year.

Walnut Exports

Exports from Argentina

In 2021, shipments abroad of walnuts decreased by -18.6% to X tons, falling for the second year in a row after three years of growth. In general, exports, however, saw prominent growth. The pace of growth was the most pronounced in 2017 with an increase of 131% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, walnut exports reduced markedly to $X in 2021. Over the period under review, exports, however, showed a perceptible expansion. The growth pace was the most rapid in 2017 with an increase of 174%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for walnut exports from Argentina, with a 51% share of total exports. Moreover, walnut exports to Italy exceeded the volume sent to the second major destination, Turkey (X tons), fourfold. The United Arab Emirates (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy totaled +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+18.0% per year) and the United Arab Emirates (+38.1% per year).

In value terms, Italy ($X) remains the key foreign market for walnut exports from Argentina, comprising 48% of total exports. The second position in the ranking was held by Turkey ($X), with a 14% share of total exports. It was followed by the United Arab Emirates, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Italy amounted to -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+6.9% per year) and the United Arab Emirates (+26.3% per year).

Export Prices by Country

The average walnut export price stood at $X per ton in 2021, shrinking by -12.8% against the previous year. In general, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of 19%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Russia ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.

Walnut Imports

Imports into Argentina

In 2021, after six years of growth, there was significant decline in supplies from abroad of walnuts, when their volume decreased by -53.4% to X tons. Overall, imports, however, posted a mild expansion. The most prominent rate of growth was recorded in 2020 with an increase of 699%. As a result, imports reached the peak of X tons, and then reduced sharply in the following year.

In value terms, walnut imports fell notably to $X in 2021. Over the period under review, imports saw a pronounced decline. The most prominent rate of growth was recorded in 2020 when imports increased by 369% against the previous year. As a result, imports attained the peak of $X, and then dropped markedly in the following year.

Imports by Country

In 2021, Chile (X tons) constituted the largest walnut supplier to Argentina, with a 73% share of total imports. Moreover, walnut imports from Chile exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from Chile was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-76.6% per year) and the United States (-13.4% per year).

In value terms, the largest walnut suppliers to Argentina were Chile ($X), the United Arab Emirates ($X) and the United States ($X), with a combined 99.9% share of total imports.

Among the main suppliers, the United States, with a CAGR of +3.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average walnut import price amounted to $X per ton, picking up by 17% against the previous year. In general, the import price, however, recorded a noticeable setback. The pace of growth appeared the most rapid in 2014 an increase of 18%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+44.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :