Italy: Walnut Market 2024

Walnut Market Size in Italy

The Italian walnut market contracted modestly to $X in 2021, reducing by -1.6% against the previous year. In general, 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 Italy

In value terms, walnut production totaled $X in 2021 estimated in export price. Overall, production, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by 24%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

The average yield of walnuts in Italy rose modestly to X tons per ha in 2021, surging by 3.2% compared with the previous year. Over the period under review, the yield, however, saw a perceptible decline. Over the period under review, the average walnut yield reached the peak level at X tons per ha in 2014; however, from 2015 to 2021, the yield remained at a 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 Italy; which is down by -2.6% compared with the previous year. The harvested area increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 13%. Over the period under review, the harvested area dedicated to walnut production reached the maximum at X ha in 2020, and then declined slightly in the following year.

Walnut Exports

Exports from Italy

In 2021, approx. X tons of walnuts were exported from Italy; shrinking by -12.2% on 2020. Over the period under review, exports showed a perceptible descent. The growth pace was the most rapid in 2014 with an increase of 38%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, walnut exports shrank to $X in 2021. Overall, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2014 when exports increased by 73% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Austria (X tons) was the main destination for walnut exports from Italy, accounting for a 61% share of total exports. Moreover, walnut exports to Austria exceeded the volume sent to the second major destination, Slovenia (X tons), fivefold. Croatia (X tons) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume to Austria totaled +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+16.2% per year) and Croatia (+140.2% per year).

In value terms, Austria ($X) remains the key foreign market for walnut exports from Italy, comprising 53% of total exports. The second position in the ranking was held by Slovenia ($X), with a 14% share of total exports. It was followed by Germany, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value to Austria stood at +1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+12.8% per year) and Germany (+15.9% per year).

Export Prices by Country

The average walnut export price stood at $X per ton in 2021, surging by 6.8% against the previous year. In general, the export price, however, saw a perceptible decline. The growth pace was the most rapid in 2014 an increase of 26%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Norway ($X per ton), while the average price for exports to Austria ($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 Bulgaria (+12.9%), while the prices for the other major destinations experienced mixed trend patterns.

Walnut Imports

Imports into Italy

In 2021, the amount of walnuts imported into Italy contracted to X tons, dropping by -5.3% against the year before. In general, total imports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -21.1% against 2019 indices. The pace of growth was the most pronounced in 2019 when imports increased by 31% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, walnut imports reduced modestly to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 38% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest walnut supplier to Italy, accounting for a 46% share of total imports. Moreover, walnut imports from the United States exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. The third position in this ranking was taken by Chile (X tons), with a 20% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+0.0% per year) and Chile (+17.4% per year).

In value terms, the United States ($X), France ($X) and Chile ($X) were the largest walnut suppliers to Italy, together comprising 87% of total imports.

Chile, with a CAGR of +11.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average walnut import price stood at $X per ton in 2021, picking up by 3.4% against the previous year. Over the period under review, the import price, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 14%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from France ($X per ton) and Chile ($X per ton), while the price for Australia ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (-3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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