Mexico: Walnut Market 2025

Walnut Market Size in Mexico

The Mexican walnut market expanded rapidly to $X in 2021, growing by 9.6% against the previous year. In general, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +40.3% against 2019 indices. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in years to come.

Walnut Production in Mexico

In value terms, walnut production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the production volume increased by 47%. Walnut production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

In 2021, the average yield of walnuts in Mexico rose sharply to X tons per ha, surging by 5.3% against the previous year. In general, the yield saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 13%. Over the period under review, the average walnut yield reached the peak level at X tons per ha in 2016; however, from 2017 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.

The walnut harvested area in Mexico shrank to X ha in 2021, which is down by -3.1% on 2020. Overall, the total harvested area indicated noticeable growth from 2012 to 2021: its figure increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, walnut harvested area increased by +51.0% against 2012 indices. The most prominent rate of growth was recorded in 2017 when the harvested area increased by 8% against the previous year. Over the period under review, the harvested area dedicated to walnut production reached the peak figure at X ha in 2020, and then dropped modestly in the following year.

Walnut Exports

Exports from Mexico

In 2021, shipments abroad of walnuts decreased by -62.2% to X tons, falling for the second year in a row after two years of growth. Overall, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of 67%. 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 declined sharply to $X in 2021. Over the period under review, exports recorded a pronounced reduction. The pace of growth appeared the most rapid in 2014 with an increase of 73% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for walnut exports from Mexico, with a 73% share of total exports. Moreover, walnut exports to the United States exceeded the volume sent to the second major destination, China (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at -7.1%.

In value terms, the United States ($X) remains the key foreign market for walnut exports from Mexico, comprising 68% of total exports. The second position in the ranking was taken by China ($X), with a 32% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -5.2%.

Export Prices by Country

In 2021, the average walnut export price amounted to $X per ton, rising by 51% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.1%), while the prices for the other major destinations experienced mixed trend patterns.

Walnut Imports

Imports into Mexico

In 2021, the amount of walnuts imported into Mexico shrank sharply to X tons, waning by -26.6% compared with the previous year. Overall, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 64%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, walnut imports contracted dramatically to $X in 2021. Over the period under review, imports, however, showed a resilient expansion. The growth pace was the most rapid in 2018 with an increase of 60% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) was the main supplier of walnut to Mexico, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +6.7%.

In value terms, the United States ($X) constituted the largest supplier of walnut to Mexico.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +6.2%.

Import Prices by Country

The average walnut import price stood at $X per ton in 2021, waning by -5.3% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 25%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -0.5% per year.

Source: IndexBox Platform

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