New Zealand: Walnut Market 2025

Walnut Market Size in New Zealand

The New Zealand walnut market soared to $X in 2021, picking up by 32% against the previous year. Overall, consumption enjoyed a significant increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Walnut Production in New Zealand

In value terms, walnut production rose to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 38%. Walnut production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

In 2021, the average yield of walnuts in New Zealand contracted modestly to X kg per ha, approximately reflecting 2020. Over the period under review, the yield indicated a resilient increase from 2012 to 2021: its figure increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, walnut yield increased by +75.1% against 2012 indices. The pace of growth appeared the most rapid in 2019 with an increase of 28% against the previous year. Over the period under review, the average walnut yield hit record highs at X kg per ha in 2020, and then shrank in the following year. 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 New Zealand declined modestly to X ha in 2021, remaining constant against the previous year. Over the period under review, the harvested area continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2020 with an increase of 0.5%. The walnut harvested area peaked at X ha in 2012; however, from 2013 to 2021, the harvested area remained at a lower figure.

Walnut Exports

Exports from New Zealand

For the third year in a row, New Zealand recorded growth in shipments abroad of walnuts, which increased by 280% to X kg in 2021. In general, exports, however, faced a precipitous slump. The growth pace was the most rapid in 2017 with an increase of 407% against the previous year. The exports peaked at X kg in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, walnut exports surged to $X in 2021. Overall, exports, however, recorded a dramatic slump. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Singapore (X kg) was the main destination for walnut exports from New Zealand, with a 74% share of total exports. Moreover, walnut exports to Singapore exceeded the volume sent to the second major destination, Fiji (X kg), sixfold. The third position in this ranking was taken by Samoa (X kg), with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume to Singapore totaled -22.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (-30.0% per year) and Samoa (-24.9% per year).

In value terms, Singapore ($X) remains the key foreign market for walnut exports from New Zealand, comprising 60% of total exports. The second position in the ranking was held by Fiji ($X), with a 23% share of total exports. It was followed by Vanuatu, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value to Singapore stood at -26.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (-23.7% per year) and Vanuatu (+7.0% per year).

Export Prices by Country

In 2021, the average walnut export price amounted to $X per ton, jumping by 90% against the previous year. Overall, the export price, however, recorded a slight decline. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was New Caledonia ($X per ton), while the average price for exports to Samoa ($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 Fiji (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Walnut Imports

Imports into New Zealand

In 2021, approx. X tons of walnuts were imported into New Zealand; with an increase of 39% against the year before. Over the period under review, imports showed a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 268%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, walnut imports skyrocketed to $X in 2021. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 229%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) was the main walnut supplier to New Zealand, with a 94% share of total imports. Moreover, walnut imports from the United States exceeded the figures recorded by the second-largest supplier, India (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +91.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+97.2% per year) and Australia (-2.2% per year).

In value terms, the United States ($X) constituted the largest supplier of walnut to New Zealand, comprising 93% of total imports. The second position in the ranking was held by Australia ($X), with a 5.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +93.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+8.5% per year) and India (+75.7% per year).

Import Prices by Country

In 2021, the average walnut import price amounted to $X per ton, almost unchanged from the previous year. In general, the import price recorded a mild descent. The most prominent rate of growth was recorded in 2019 when the average import price increased by 81% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Australia ($X per ton), while the price for India ($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 (+10.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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