Middle East: Chestnut Market 2024

Chestnut Market Size in the Middle East

The Middle Eastern chestnut market declined to $X in 2021, with a decrease of -9.2% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Chestnut Production in the Middle East

In value terms, chestnut production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 24% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

The country with the largest volume of chestnut production was Turkey (X tons), accounting for 97% of total volume. Moreover, chestnut production in Turkey exceeded the figures recorded by the second-largest producer, Saudi Arabia (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume in Turkey totaled +2.8%.

The average chestnut yield amounted to X tons per ha in 2021, approximately equating 2020. The yield figure increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 with an increase of 11%. Over the period under review, the chestnut yield attained the peak level at X tons per ha in 2015; however, from 2016 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, the harvested area of chestnuts in the Middle East shrank slightly to X ha, with a decrease of -3.2% on the year before. Overall, the harvested area, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the harvested area increased by 7.5%. Over the period under review, the harvested area dedicated to chestnut production attained the maximum at X ha in 2020, and then dropped modestly in the following year.

Chestnut Exports

Exports in the Middle East

Chestnut exports rose significantly to X tons in 2021, with an increase of 8.9% on the previous year. Overall, exports saw strong growth. The growth pace was the most rapid in 2014 when exports increased by 105%. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, chestnut exports soared to $X in 2021. Over the period under review, exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of 115%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Turkey (X tons) represented the major exporter of chestnuts in the Middle East, making up 97% of total export.

Turkey was also the fastest-growing in terms of the chestnuts exports, with a CAGR of +7.6% from 2012 to 2021. From 2012 to 2021, the share of Turkey increased by +10 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) also remains the largest chestnut supplier in the Middle East.

In Turkey, chestnut exports expanded at an average annual rate of +8.9% over the period from 2012-2021.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, surging by 33% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.2%. The level of export peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2021, the rate of growth in terms of prices for Turkey amounted to +1.2% per year.

Chestnut Imports

Imports in the Middle East

Chestnut imports declined remarkably to X tons in 2021, which is down by -28.3% against 2020. Over the period under review, imports recorded a slight decrease. The pace of growth appeared the most rapid in 2018 with an increase of 46% against the previous year. 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, chestnut imports fell sharply to $X in 2021. Overall, imports continue to indicate a pronounced contraction. The growth pace was the most rapid in 2018 when imports increased by 29% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons), Israel (X tons), Turkey (X tons), Iraq (X tons) and Jordan (X tons) represented the key importer of chestnuts in the Middle East, creating 79% of total import. It was distantly followed by Lebanon (X tons) and Kuwait (X tons), together committing a 13% share of total imports.

From 2012 to 2021, the biggest increases were in Iraq (with a CAGR of +30.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), the United Arab Emirates ($X) and Turkey ($X) constituted the countries with the highest levels of imports in 2021, with a combined 57% share of total imports.

Among the main importing countries, Turkey, with a CAGR of +28.8%, saw the highest growth rate of 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

The import price in the Middle East stood at $X per ton in 2021, increasing by 6.3% against the previous year. In general, the import price, however, showed a slight curtailment. The growth pace was the most rapid in 2016 an increase of 17% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 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 Lebanon ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+1.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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