Portugal: Walnut Market 2025

Walnut Market Size in Portugal

The Portuguese walnut market amounted to $X in 2021, remaining relatively unchanged against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Walnut consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Walnut Production in Portugal

In value terms, walnut production rose markedly to $X in 2021 estimated in export price. In general, the total production indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -20.1% against 2018 indices. The growth pace was the most rapid in 2017 with an increase of 78% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

The average yield of walnuts in Portugal reduced slightly to X kg per ha in 2021, flattening at the year before. Overall, the yield saw a abrupt decline. The pace of growth appeared the most rapid in 2013 with an increase of 6.5% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2014 to 2021, the growth of the average walnut yield remained 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 Portugal reduced slightly to X ha in 2021, stabilizing at 2020. Over the period under review, the harvested area, however, saw a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 39% against the previous year. Over the period under review, the harvested area dedicated to walnut production attained the peak figure at X ha in 2020, and then dropped slightly in the following year.

Walnut Exports

Exports from Portugal

After two years of decline, overseas shipments of walnuts increased by 35% to X tons in 2021. In general, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 181% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, walnut exports soared to $X in 2021. Over the period under review, exports saw buoyant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 126% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for walnut exports from Portugal, accounting for a 67% share of total exports. Moreover, walnut exports to Spain exceeded the volume sent to the second major destination, Italy (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain stood at +26.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+29.2% per year) and Germany (+82.8% per year).

In value terms, Spain ($X) remains the key foreign market for walnut exports from Portugal, comprising 69% of total exports. The second position in the ranking was held by Italy ($X), with a 20% share of total exports. It was followed by Germany, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value to Spain totaled +30.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+41.8% per year) and Germany (+78.7% per year).

Export Prices by Country

The average walnut export price stood at $X per ton in 2021, surging by 35% against the previous year. In general, the export price, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by 66% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Angola ($X per ton), while the average price for exports to Luxembourg ($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 Italy (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Walnut Imports

Imports into Portugal

In 2021, supplies from abroad of walnuts increased by 0.9% to X tons, rising for the second year in a row after three years of decline. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 33% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, walnut imports reduced to $X in 2021. In general, imports, however, continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 36% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Spain (X tons), France (X tons) and Chile (X tons) were the main suppliers of walnut imports to Portugal, together accounting for 92% of total imports. Argentina and Germany lagged somewhat behind, together comprising a further 6.2%.

From 2012 to 2021, the biggest increases were in Argentina (with a CAGR of +658.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X), France ($X) and Chile ($X) appeared to be the largest walnut suppliers to Portugal, together accounting for 91% of total imports. These countries were followed by Argentina and Germany, which together accounted for a further 7.1%.

Among the main suppliers, Argentina, with a CAGR of +925.5%, saw the highest rates of growth with regard to the value of imports, 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, reducing by -6.8% against the previous year. In general, the import price continues to indicate a noticeable reduction. The growth pace was the most rapid in 2014 an increase of 16%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+35.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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