Azerbaijan: Walnut Market 2025

Walnut Market Size in Azerbaijan

In 2021, the Azerbaijani walnut market decreased by -5.9% to $X for the first time since 2016, thus ending a four-year rising trend. In general, the total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +92.7% against 2016 indices. Over the period under review, the market attained the peak level at $X in 2020, and then reduced in the following year.

Walnut Production in Azerbaijan

In value terms, walnut production contracted sharply to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced increase. The pace of growth was the most pronounced in 2020 with an increase of 60%. As a result, production reached the peak level of $X, and then fell remarkably in the following year.

The average yield of walnuts in Azerbaijan declined to X tons per ha in 2021, remaining constant against 2020. Overall, the yield, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 18%. As a result, the yield reached the peak level of X tons per ha. From 2016 to 2021, the growth of the average walnut 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.

The walnut harvested area in Azerbaijan declined modestly to X ha in 2021, waning by -3.6% on the previous year's figure. The harvested area increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 8%. Over the period under review, the harvested area dedicated to walnut production attained the maximum at X ha in 2020, and then fell modestly in the following year.

Walnut Exports

Exports from Azerbaijan

For the fourth consecutive year, Azerbaijan recorded growth in shipments abroad of walnuts, which increased by 164% to X kg in 2021. In general, exports, however, saw a perceptible slump. The pace of growth appeared the most rapid in 2016 with an increase of 675%. As a result, the exports reached the peak of X kg. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, walnut exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for walnut exports from Azerbaijan, with a approx. 100% share of total exports.

From 2014 to 2021, the average annual growth rate of volume to the United Arab Emirates amounted to +1,350.0%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for walnut exports from Azerbaijan.

From 2014 to 2021, the average annual growth rate of value to the United Arab Emirates totaled +628.6%.

Export Prices by Country

The average walnut export price stood at $X per ton in 2021, picking up by 49% against the previous year. Overall, the export price continues to indicate notable growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2014 to 2021, the rate of growth in terms of prices for France amounted to +113.5% per year.

Walnut Imports

Imports into Azerbaijan

In 2021, approx. X tons of walnuts were imported into Azerbaijan; jumping by 59% compared with 2020. In general, imports posted a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 223% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, walnut imports soared to $X in 2021. Over the period under review, imports showed a significant expansion. The pace of growth was the most pronounced in 2016 when imports increased by 492% against the previous year. Over the period under review, imports hit record highs at $X in 2019; afterwards, it flattened through to 2021.

Imports by Country

Ukraine (X tons), Russia (X tons) and Turkey (X tons) were the main suppliers of walnut imports to Azerbaijan, with a combined 87% share of total imports.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +60.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest walnut suppliers to Azerbaijan were Ukraine ($X), Turkey ($X) and Russia ($X), together accounting for 81% of total imports. These countries were followed by Chile, Moldova and the United States, which together accounted for a further 12%.

Among the main suppliers, Chile, with a CAGR of +77.9%, 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 average walnut import price stood at $X per ton in 2021, surging by 8.7% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 an increase of 83%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Chile ($X per ton), while the price for Russia ($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 (+24.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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