Azerbaijan: Shelled Walnut Market 2025

Shelled Walnut Market Size in Azerbaijan

The Azerbaijani shelled walnut market dropped to $X in 2022, stabilizing at the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Shelled Walnut Production in Azerbaijan

In value terms, shelled walnut production stood at $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 30%. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Shelled Walnut Exports

Exports from Azerbaijan

In 2022, the amount of shelled walnuts exported from Azerbaijan skyrocketed to X tons, growing by 16% compared with the year before. Overall, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 99% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, shelled walnut exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a abrupt descent. The pace of growth was the most pronounced in 2020 when exports increased by 286%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Iraq (X kg) was the main destination for shelled walnut exports from Azerbaijan, with a 68% share of total exports. Moreover, shelled walnut exports to Iraq exceeded the volume sent to the second major destination, Qatar (X kg), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Iraq was relatively modest.

In value terms, Qatar ($X) remains the key foreign market for shelled walnuts exports from Azerbaijan, comprising 67% of total exports. The second position in the ranking was taken by Iraq ($X), with a 33% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar amounted to +33.7%.

Export Prices by Country

The average shelled walnut export price stood at $X per ton in 2022, with an increase of 11% against the previous year. Over the period under review, the export price, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 94% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Iraq amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+9.3%), while the prices for the other major destinations experienced a decline.

Shelled Walnut Imports

Imports into Azerbaijan

In 2022, overseas purchases of shelled walnuts decreased by -17.2% to X tons, falling for the second consecutive year after two years of growth. In general, imports, however, enjoyed notable growth. The most prominent rate of growth was recorded in 2016 when imports increased by 507%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, shelled walnut imports contracted to $X in 2022. Over the period under review, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of 263% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Ukraine (X tons) constituted the largest supplier of shelled walnut to Azerbaijan, with a 83% share of total imports. Moreover, shelled walnut imports from Ukraine exceeded the figures recorded by the second-largest supplier, Uzbekistan (X tons), eightfold. The third position in this ranking was held by Kyrgyzstan (X tons), with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ukraine amounted to +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Uzbekistan (+30.3% per year) and Kyrgyzstan (+7.1% per year).

In value terms, Ukraine ($X) constituted the largest supplier of shelled walnuts to Azerbaijan, comprising 82% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 12% share of total imports. It was followed by Moldova, with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ukraine stood at +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Uzbekistan (+60.6% per year) and Moldova (+23.2% per year).

Import Prices by Country

In 2022, the average shelled walnut import price amounted to $X per ton, picking up by 11% against the previous year. In general, the import price showed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 130%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Uzbekistan ($X per ton) and Ukraine ($X per ton), while the price for Kyrgyzstan ($X per ton) and Moldova ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+23.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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