Finland: Shelled Walnut Market 2025

Shelled Walnut Market Size in Finland

The Finnish shelled walnut market rose slightly to $X in 2022, increasing by 3.3% against the previous year. Overall, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +26.1% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Shelled Walnut Production in Finland

In value terms, shelled walnut production soared to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 1,781% against the previous year. Shelled walnut production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Shelled Walnut Exports

Exports from Finland

In 2022, after three years of growth, there was significant decline in shipments abroad of shelled walnuts, when their volume decreased by -94.2% to X tons. In general, exports showed a deep contraction. The growth pace was the most rapid in 2021 when exports increased by 1,402% against the previous year. As a result, the exports attained the peak of X tons, and then dropped rapidly in the following year.

In value terms, shelled walnut exports fell dramatically to $X in 2022. Overall, exports faced a significant contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 841%. As a result, the exports attained the peak of $X, and then reduced rapidly in the following year.

Exports by Country

Estonia (X kg) was the main destination for shelled walnut exports from Finland, accounting for a 65% share of total exports. Moreover, shelled walnut exports to Estonia exceeded the volume sent to the second major destination, Sweden (X kg), threefold. Russia (X kg) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Estonia totaled +35.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-8.9% per year) and Russia (-32.5% per year).

In value terms, the largest markets for shelled walnut exported from Finland were Sweden ($X), Estonia ($X) and Russia ($X), with a combined 95% share of total exports.

Among the main countries of destination, Estonia, with a CAGR of +17.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average shelled walnut export price stood at $X per ton in 2022, falling by -3.1% against the previous year. Overall, the export price saw a perceptible descent. The most prominent rate of growth was recorded in 2020 an increase of 10%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+7.5%), while the prices for the other major destinations experienced a decline.

Shelled Walnut Imports

Imports into Finland

In 2022, after two years of growth, there was significant decline in overseas purchases of shelled walnuts, when their volume decreased by -13.5% to X tons. Over the period under review, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 40%. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, shelled walnut imports rose significantly to $X in 2022. The total import value increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when imports increased by 31%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of shelled walnut to Finland, with a 65% share of total imports. Moreover, shelled walnut imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was taken by Estonia (X tons), with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +18.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.2% per year) and Estonia (+130.1% per year).

In value terms, Germany ($X) constituted the largest supplier of shelled walnuts to Finland, comprising 57% of total imports. The second position in the ranking was held by the United States ($X), with a 21% share of total imports. It was followed by Estonia, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.3% per year) and Estonia (+123.0% per year).

Import Prices by Country

In 2022, the average shelled walnut import price amounted to $X per ton, surging by 21% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable decline. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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