Asia: Shelled Walnut Market 2025

Shelled Walnut Market Size in Asia

The Asian shelled walnut market rose markedly to $X in 2022, with an increase of 8.7% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Shelled Walnut Production in Asia

In value terms, shelled walnut production rose significantly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 26%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Shelled Walnut Exports

Exports in Asia

For the fourth consecutive year, Asia recorded growth in overseas shipments of shelled walnuts, which increased by 20% to X tons in 2022. Over the period under review, exports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 244% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, shelled walnut exports skyrocketed to $X in 2022. Overall, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 228%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

China represented the major exporter of shelled walnuts in Asia, with the volume of exports reaching X tons, which was near 68% of total exports in 2022. Kyrgyzstan (X tons) ranks second in terms of the total exports with a 12% share, followed by Turkey (9.5%). The following exporters - Uzbekistan (X tons), Iran (X tons) and India (X tons) - together made up 7.9% of total exports.

China was also the fastest-growing in terms of the shelled walnuts exports, with a CAGR of +22.6% from 2012 to 2022. At the same time, Turkey (+22.5%), Kyrgyzstan (+11.4%) and Iran (+7.2%) displayed positive paces of growth. By contrast, Uzbekistan (-1.2%) and India (-12.0%) illustrated a downward trend over the same period. While the share of China (+36 p.p.) and Turkey (+5.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Iran (-1.9 p.p.), Kyrgyzstan (-2.5 p.p.), Uzbekistan (-10.8 p.p.) and India (-21.3 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest shelled walnut supplier in Asia, comprising 74% of total exports. The second position in the ranking was held by Turkey ($X), with a 13% share of total exports. It was followed by Kyrgyzstan, with a 4.7% share.

In China, shelled walnut exports expanded at an average annual rate of +19.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+22.7% per year) and Kyrgyzstan (+12.3% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, remaining stable against the previous year. Overall, the export price showed a slight reduction. The pace of growth was the most pronounced in 2014 when the export price increased by 6.8% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+0.8%), while the other leaders experienced mixed trends in the export price figures.

Shelled Walnut Imports

Imports in Asia

In 2022, supplies from abroad of shelled walnuts increased by 9.7% to X tons, rising for the fourth consecutive year after two years of decline. The total import volume increased at an average annual rate of +5.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 14%. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, shelled walnut imports rose markedly to $X in 2022. The total import value increased at an average annual rate of +2.1% 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 2014 with an increase of 29%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the five major importers of shelled walnuts, namely Japan, Turkey, South Korea, Kyrgyzstan and Israel, represented more than half of total import. It was distantly followed by the United Arab Emirates (X tons), making up a 4.9% share of total imports. Taiwan (Chinese) (X tons), Iraq (X tons), Iran (X tons), Saudi Arabia (X tons), Jordan (X tons), Georgia (X tons) and Azerbaijan (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Kyrgyzstan (with a CAGR of +120.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and Turkey ($X) constituted the countries with the highest levels of imports in 2022, together comprising 53% of total imports. Israel, the United Arab Emirates, Taiwan (Chinese), Saudi Arabia, Iran, Iraq, Jordan, Kyrgyzstan, Azerbaijan and Georgia lagged somewhat behind, together comprising a further 34%.

Among the main importing countries, Kyrgyzstan, with a CAGR of +107.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, surging by 4.1% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2014 when the import price increased by 22%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the 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 Japan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (+14.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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