Russian Federation: Walnut Market 2025

Walnut Market Size in the Russian Federation

The Russian walnut market surged to $X in 2021, jumping by 16% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a buoyant increase. Over the period under review, the market attained the peak level in 2021 and is likely to continue growth in the near future.

Walnut Exports

Exports from the Russian Federation

In 2021, walnut exports from Russia skyrocketed to X tons, rising by 1,507% compared with the previous year. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, walnut exports soared to $X in 2021. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Azerbaijan (X tons) was the main destination for walnut exports from Russia, with a 97% share of total exports. It was followed by Turkmenistan (X tons), with a 1.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Azerbaijan amounted to +82.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkmenistan (+14.4% per year) and Armenia (-8.9% per year).

In value terms, Azerbaijan ($X) emerged as the key foreign market for walnut exports from Russia, comprising 89% of total exports. The second position in the ranking was held by Turkmenistan ($X), with a 1.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Azerbaijan stood at +73.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkmenistan (+38.2% per year) and Armenia (+15.3% per year).

Export Prices by Country

In 2021, the average walnut export price amounted to $X per ton, with a decrease of -24.7% against the previous year. Overall, the export price saw a abrupt decline. The pace of growth was the most pronounced in 2016 an increase of 7.5% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Armenia ($X per ton), while the average price for exports to Azerbaijan ($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 Armenia (+26.5%), while the prices for the other major destinations experienced mixed trend patterns.

Walnut Imports

Imports into the Russian Federation

In 2021, purchases abroad of walnuts increased by 50% to X tons, rising for the sixth consecutive year after three years of decline. In general, imports posted a significant increase. The pace of growth appeared the most rapid in 2016 when imports increased by 370%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, walnut imports skyrocketed to $X in 2021. Overall, imports saw a significant expansion. The pace of growth was the most pronounced in 2016 when imports increased by 468% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Belarus (X tons), China (X tons) and Chile (X tons) were the main suppliers of walnut imports to Russia, together comprising 95% of total imports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +110.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest walnut suppliers to Russia were China ($X), Chile ($X) and Belarus ($X), together comprising 93% of total imports.

China, with a CAGR of +100.3%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average walnut import price amounted to $X per ton, waning by -8.1% against the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2014 an increase of 44% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Chile ($X per ton), while the price for Belarus ($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 (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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