Europe: Walnut Market 2024

Walnut Market Size in Europe

The Europe walnut market fell to $X in 2021, stabilizing at the previous year. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Walnut Production in Europe

In value terms, walnut production dropped to $X in 2021 estimated in export price. In general, production, however, recorded a noticeable slump. The most prominent rate of growth was recorded in 2014 when the production volume increased by 16% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Ukraine (X tons) constituted the country with the largest volume of walnut production, comprising approx. 33% of total volume. Moreover, walnut production in Ukraine exceeded the figures recorded by the second-largest producer, Romania (X tons), twofold. The third position in this ranking was held by France (X tons), with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume in Ukraine stood at +2.4%. In the other countries, the average annual rates were as follows: Romania (+5.4% per year) and France (-0.2% per year).

In 2021, the average yield of walnuts in Europe expanded to X tons per ha, surging by 3.4% compared with the previous year. In general, the yield, however, continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2013 when the yield increased by 6.2%. As a result, the yield reached the peak level of X tons per ha. From 2014 to 2021, the growth of the walnut yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of walnuts production in Europe reduced to X ha, with a decrease of -1.9% compared with 2020 figures. The harvested area increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the harvested area increased by 11% against the previous year. The level of harvested area peaked at X ha in 2020, and then fell in the following year.

Walnut Exports

Exports in Europe

In 2021, the amount of walnuts exported in Europe was estimated at X tons, growing by 4% against 2020. Overall, exports, however, continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 42%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, walnut exports expanded markedly to $X in 2021. In general, exports, however, continue to indicate a noticeable decline. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, France (X tons) was the main exporter of walnuts, generating 46% of total exports. Ukraine (X tons) took the second position in the ranking, distantly followed by the Netherlands (X tons), Belgium (X tons) and Belarus (X tons). All these countries together held approx. 39% share of total exports. Spain (X tons), Russia (X tons) and Germany (X tons) took a relatively small share of total exports.

Exports from France decreased at an average annual rate of -3.3% from 2012 to 2021. At the same time, Belarus (+202.4%), Russia (+66.5%), Belgium (+26.0%), the Netherlands (+20.0%), Germany (+1.6%) and Spain (+1.3%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Europe, with a CAGR of +202.4% from 2012-2021. By contrast, Ukraine (-9.6%) illustrated a downward trend over the same period. Belgium (+7.2 p.p.), the Netherlands (+7.2 p.p.), Belarus (+5.6 p.p.) and Russia (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while France and Ukraine saw its share reduced by -5.2% and -16.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) remains the largest walnut supplier in Europe, comprising 59% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an 11% share of total exports. It was followed by Ukraine, with a 7.4% share.

In France, walnut exports shrank by an average annual rate of -5.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Netherlands (+15.4% per year) and Ukraine (-10.4% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2021, increasing by 7.5% against the previous year. In general, the export price, however, saw a mild contraction. The most prominent rate of growth was recorded in 2020 an increase of 21% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (-0.9%), while the other leaders experienced a decline in the export price figures.

Walnut Imports

Imports in Europe

In 2021, approx. X tons of walnuts were imported in Europe; increasing by 7.4% on 2020. The total import volume increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 23% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, walnut imports rose notably to $X in 2021. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 24%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Italy represented the largest importing country with an import of about X tons, which accounted for 40% of total imports. Spain (X tons) ranks second in terms of the total imports with a 15% share, followed by Germany (14%) and Russia (5.3%). The Netherlands (X tons), Belgium (X tons), Romania (X tons), Belarus (X tons) and Moldova (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to walnut imports into Italy stood at +4.8%. At the same time, Belarus (+43.2%), Russia (+20.7%), Romania (+20.5%), Belgium (+15.9%), the Netherlands (+8.1%) and Germany (+3.5%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in Europe, with a CAGR of +43.2% from 2012-2021. Spain and Moldova experienced a relatively flat trend pattern. Russia (+3.8 p.p.), Romania (+2.7 p.p.), Belarus (+2.6 p.p.) and Belgium (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while Moldova and Spain saw its share reduced by -1.5% and -6.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) constitutes the largest market for imported walnuts in Europe, comprising 43% of total imports. The second position in the ranking was held by Spain ($X), with a 15% share of total imports. It was followed by Germany, with a 14% share.

In Italy, walnut imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Spain (-2.9% per year) and Germany (-1.4% per year).

Import Prices by Country

In 2021, the import price in Europe amounted to $X per ton, with a decrease of -1.8% against the previous year. Over the period under review, the import price showed a perceptible reduction. The pace of growth appeared the most rapid in 2014 an increase of 13%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+4.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform