Bangladesh: Walnut Market 2025

Walnut Market Size in Bangladesh

For the fifth year in a row, the Bangladeshi walnut market recorded growth in sales value, which increased by 358% to $X in 2021. In general, consumption enjoyed a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Walnut Production in Bangladesh

In value terms, walnut production stood at $X in 2021 estimated in export price. In general, production showed a dramatic setback. The pace of growth appeared the most rapid in 2020 with a decrease of 99.9% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Walnut Exports

Exports from Bangladesh

In 2021, walnut exports from Bangladesh amounted to X kg, leveling off at the year before. Over the period under review, exports recorded a precipitous contraction. The smallest decline of 99.9% was in 2020. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, walnut exports totaled $X in 2021. In general, exports continue to indicate a dramatic shrinkage. The smallest decline of 99.9% was in 2020. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Lebanon (X kg) was the main destination for walnut exports from Bangladesh, with a approx. 100% share of total exports.

From 2019 to 2021, the average annual growth rate of volume to Lebanon amounted to +67.3%.

From 2019 to 2021, the average annual rate of growth in terms of value to Lebanon totaled +73.2%.

Export Prices by Country

The average walnut export price stood at $X per ton in 2021, flattening at the previous year. Over the period under review, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2020 a decrease of 99.9% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

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

From 2019 to 2021, the rate of growth in terms of prices for Lebanon amounted to +3.5% per year.

Walnut Imports

Imports into Bangladesh

In 2021, supplies from abroad of walnuts increased by 28% to X tons, rising for the fourth year in a row after two years of decline. Overall, imports recorded a measured increase. The growth pace was the most rapid in 2015 when imports increased by 38%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, walnut imports stood at $X in 2021. Over the period under review, imports recorded a prominent expansion. The growth pace was the most rapid in 2015 when imports increased by 132%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, Singapore (X tons) constituted the largest supplier of walnut to Bangladesh, with a 74% share of total imports. Moreover, walnut imports from Singapore exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fivefold. Pakistan (X kg) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume from Singapore totaled +89.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-4.5% per year) and Pakistan (+55.9% per year).

In value terms, Singapore ($X) constituted the largest supplier of walnut to Bangladesh, comprising 84% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 12% share of total imports. It was followed by Pakistan, with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Singapore amounted to +84.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-1.0% per year) and Pakistan (+40.0% per year).

Import Prices by Country

The average walnut import price stood at $X per ton in 2021, waning by -11.9% against the previous year. Over the period under review, the import price, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2015 an increase of 68%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+7.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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