Australia: Walnut Market 2025

Walnut Market Size in Australia

The Australian walnut market contracted significantly to $X in 2021, falling by -22.9% against the previous year. In general, consumption continues to indicate a deep slump. Walnut consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Walnut Production in Australia

In value terms, walnut production rose notably to $X in 2021 estimated in export price. In general, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +54.5% against 2016 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 73%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

In 2021, the average yield of walnuts in Australia contracted to X kg per ha, declining by -1.6% against the previous year's figure. In general, the yield saw a perceptible contraction. The growth pace was the most rapid in 2017 when the yield increased by 127%. As a result, the yield attained the peak level of X kg per ha. From 2018 to 2021, the growth of the average walnut 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.

The walnut harvested area in Australia contracted to X ha in 2021, reducing by -3.1% on 2020. The harvested area increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the harvested area increased by 41%. Over the period under review, the harvested area dedicated to walnut production reached the peak figure at X ha in 2014; however, from 2015 to 2021, the harvested area stood at a somewhat lower figure.

Walnut Exports

Exports from Australia

Walnut exports from Australia contracted slightly to X tons in 2021, with a decrease of -2% compared with the year before. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 88%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, walnut exports dropped to $X in 2021. Overall, exports recorded a perceptible reduction. The pace of growth was the most pronounced in 2017 with an increase of 79%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons), Italy (X tons) and Belgium (X tons) were the main destinations of walnut exports from Australia, with a combined 83% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +70.6%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Turkey ($X) and Belgium ($X) were the largest markets for walnut exported from Australia worldwide, together comprising 78% of total exports.

In terms of the main countries of destination, Belgium, with a CAGR of +61.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average walnut export price amounted to $X per ton, with a decrease of -4.7% against the previous year. Over the period under review, the export price saw a pronounced descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by 40%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Turkey ($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 Hong Kong SAR (+15.9%), while the prices for the other major destinations experienced mixed trend patterns.

Walnut Imports

Imports into Australia

In 2021, imports of walnuts into Australia skyrocketed to X tons, with an increase of 56% compared with the previous year. Overall, imports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of 247% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, walnut imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2016 when imports increased by 244% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Chile (X tons), the United States (X tons) and China (X tons) were the main suppliers of walnut imports to Australia.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +32.2%), while purchases for the other leaders experienced a decline.

In value terms, the United States ($X), Chile ($X) and China ($X) appeared to be the largest walnut suppliers to Australia.

China, with a CAGR of +22.4%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average walnut import price stood at $X per ton in 2021, rising by 17% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by 18% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 Chile (+32.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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