Slovakia: Shelled Walnut Market 2024

Shelled Walnut Market Size in Slovakia

After two years of growth, the Slovak shelled walnut market decreased by -44.8% to $X in 2022. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2021, and then dropped significantly in the following year.

Shelled Walnut Production in Slovakia

In value terms, shelled walnut production rose to $X in 2022 estimated in export price. Overall, production, however, showed a deep setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by 287% against the previous year. Shelled walnut production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Shelled Walnut Exports

Exports from Slovakia

In 2022, approx. X tons of shelled walnuts were exported from Slovakia; jumping by 141% on the year before. Overall, exports posted a temperate increase. The pace of growth was the most pronounced in 2017 when exports increased by 164% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, shelled walnut exports soared to $X in 2022. In general, exports showed a strong increase. The growth pace was the most rapid in 2017 when exports increased by 197% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The Czech Republic (X tons), Austria (X tons) and Switzerland (X tons) were the main destinations of shelled walnut exports from Slovakia, together accounting for 75% of total exports. Hungary, Romania, France, Germany and Croatia lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +12.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for shelled walnut exported from Slovakia were the Czech Republic ($X), Austria ($X) and Switzerland ($X), together accounting for 77% of total exports. Hungary, Romania, Germany, France and Croatia lagged somewhat behind, together accounting for a further 22%.

Hungary, with a CAGR of +17.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average shelled walnut export price amounted to $X per ton, falling by -2.1% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 21%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Shelled Walnut Imports

Imports into Slovakia

In 2022, overseas purchases of shelled walnuts increased by 21% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports posted a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by 65% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, shelled walnut imports soared to $X in 2022. In general, imports showed a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 81%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of shelled walnut imports to Slovakia, with a combined 70% share of total imports. France, Ukraine, the Czech Republic, Moldova and Hungary lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +179.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest shelled walnut suppliers to Slovakia were China ($X), the United States ($X) and Germany ($X), with a combined 71% share of total imports. France, the Czech Republic, Ukraine, Moldova and Hungary lagged somewhat behind, together accounting for a further 24%.

Among the main suppliers, France, with a CAGR of +197.0%, 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

In 2022, the average shelled walnut import price amounted to $X per ton, rising by 18% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 34% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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