Southern Asia: Walnut Market 2025

Walnut Market Size in Southern Asia

For the third consecutive year, the South Asian walnut market recorded growth in sales value, which increased by 18% to $X in 2021. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +93.8% against 2013 indices. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Walnut Production in Southern Asia

In value terms, walnut production contracted modestly to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 48%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

The country with the largest volume of walnut production was India (X tons), comprising approx. 46% of total volume. Moreover, walnut production in India exceeded the figures recorded by the second-largest producer, Afghanistan (X tons), twofold. Pakistan (X tons) ranked third in terms of total production with a 20% share.

From 2012 to 2021, the average annual growth rate of volume in India amounted to -2.1%. The remaining producing countries recorded the following average annual rates of production growth: Afghanistan (+0.6% per year) and Pakistan (+3.4% per year).

The average walnut yield shrank to X tons per ha in 2021, flattening at the previous year's figure. In general, the yield saw a slight decrease. The most prominent rate of growth was recorded in 2019 with an increase of 5.6%. Over the period under review, the walnut yield reached the peak level at X tons per ha in 2012; however, from 2013 to 2021, the yield failed to regain momentum. 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 fell slightly to X ha in 2021, stabilizing at 2020. The harvested area increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2016 when the harvested area increased by 4.3% against the previous year. Over the period under review, the harvested area dedicated to walnut production reached the peak figure at X ha in 2020, and then fell slightly in the following year.

Walnut Exports

Exports in Southern Asia

Walnut exports soared to X tons in 2021, increasing by 383% against the previous year's figure. Overall, exports showed a resilient expansion. The growth pace was the most rapid in 2019 when exports increased by 489%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, walnut exports skyrocketed to $X in 2021. In general, exports posted prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 404% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

India prevails in exports structure, reaching X tons, which was near 95% of total exports in 2021. Pakistan (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the walnuts exports, with a CAGR of +9.8% from 2012 to 2021. Pakistan (-12.4%) illustrated a downward trend over the same period. While the share of India (+23 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Pakistan (-15.8 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest walnut supplier in Southern Asia, comprising 96% of total exports. The second position in the ranking was held by Pakistan ($X), with a 2.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value in India totaled +9.9%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, which is down by -11.7% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the export price increased by 73% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was India ($X per ton), while Pakistan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+0.1%).

Walnut Imports

Imports in Southern Asia

For the third consecutive year, Southern Asia recorded growth in overseas purchases of walnuts, which increased by 70% to X tons in 2021. Over the period under review, imports posted a significant expansion. The growth pace was the most rapid in 2015 with an increase of 717%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, walnut imports soared to $X in 2021. Overall, imports showed significant growth. The pace of growth was the most pronounced in 2015 with an increase of 715% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, India (X tons) was the key importer of walnuts, generating 77% of total imports. It was distantly followed by Pakistan (X tons) and Nepal (X tons), together creating a 22% share of total imports.

Imports into India increased at an average annual rate of +98.1% from 2012 to 2021. At the same time, Pakistan (+106.3%) and Nepal (+35.1%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +106.3% from 2012-2021. From 2012 to 2021, the share of India and Pakistan increased by +54 and +12 percentage points, respectively.

In value terms, India ($X) constitutes the largest market for imported walnuts in Southern Asia, comprising 79% of total imports. The second position in the ranking was held by Pakistan ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in India stood at +96.7%. In the other countries, the average annual rates were as follows: Pakistan (+98.0% per year) and Nepal (+35.1% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, waning by -21.5% against the previous year. Overall, the import price showed a noticeable decline. The most prominent rate of growth was recorded in 2014 an increase of 22% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Nepal ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (-0.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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