India: Walnut Market 2025

Walnut Market Size in India

In 2021, the Indian walnut market increased by 18% to $X, rising for the second year in a row after two years of decline. In general, consumption saw a prominent increase. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the near future.

Walnut Production in India

In value terms, walnut production fell to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 142%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

In 2021, the average walnut yield in India reached X tons per ha, leveling off at 2020 figures. In general, the yield, however, showed a noticeable reduction. Over the period under review, the average walnut yield reached the peak level at X tons per ha in 2012; however, from 2013 to 2021, the yield stood 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, approx. X ha of walnuts were harvested in India; standing approx. at 2020. In general, the harvested area, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the harvested area increased by 0.3%. The walnut harvested area peaked at X ha in 2020, and then dropped modestly in the following year.

Walnut Exports

Exports from India

In 2021, exports of walnuts from India surged to X tons, with an increase of 853% compared with 2020 figures. Overall, exports showed a resilient expansion. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, walnut exports surged to $X in 2021. Over the period under review, exports enjoyed a strong increase. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tons), Iran (X tons) and the United Arab Emirates (X tons) were the main destinations of walnut exports from India, together comprising 76% of total exports. Turkey, Bahrain, Saudi Arabia and Nepal lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +189.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for walnut exported from India were Spain ($X), Iran ($X) and the United Arab Emirates ($X), with a combined 70% share of total exports. Saudi Arabia, Turkey, Bahrain and Nepal lagged somewhat behind, together accounting for a further 27%.

Turkey, with a CAGR of +228.9%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average walnut export price amounted to $X per ton, declining by -30% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 113% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Walnut Imports

Imports into India

In 2021, purchases abroad of walnuts increased by 65% to X tons, rising for the second consecutive year after two years of decline. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 944% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, walnut imports skyrocketed to $X in 2021. In general, imports recorded a significant expansion. The growth pace was the most rapid in 2015 when imports increased by 843% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

Chile (X tons), the United States (X tons) and the United Arab Emirates (X tons) were the main suppliers of walnut imports to India, together comprising 99% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Chile (with a CAGR of +136.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), the United States ($X) and the United Arab Emirates ($X) were the largest walnut suppliers to India, with a combined 99% share of total imports.

In terms of the main suppliers, Chile, with a CAGR of +134.4%, recorded the highest rates of growth with regard to 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

In 2021, the average walnut import price amounted to $X per ton, dropping by -21.4% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 29%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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