United Kingdom: Walnut Market 2025

Walnut Market Size in the UK

The UK walnut market shrank to $X in 2021, falling by -14.9% 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 recorded a noticeable decline. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Walnut Exports

Exports from the UK

For the fifth consecutive year, the UK recorded decline in shipments abroad of walnuts, which decreased by -43.7% to X tons in 2021. Over the period under review, exports recorded a sharp contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 851% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, walnut exports dropped markedly to $X in 2021. Overall, exports saw a deep contraction. The pace of growth appeared the most rapid in 2014 when exports increased by 595%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Ireland (X tons) was the main destination for walnut exports from the UK, accounting for a 90% share of total exports. Moreover, walnut exports to Ireland exceeded the volume sent to the second major destination, Norway (X kg), more than tenfold. The third position in this ranking was taken by Spain (X kg), with a 3% share.

From 2012 to 2021, the average annual growth rate of volume to Ireland amounted to -6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (0.0% per year) and Spain (+44.5% per year).

In value terms, Ireland ($X) remains the key foreign market for walnut exports from the UK, comprising 92% of total exports. The second position in the ranking was taken by Norway ($X), with a 4.2% share of total exports. It was followed by Spain, with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ireland amounted to -10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (0.0% per year) and Spain (+19.4% per year).

Export Prices by Country

In 2021, the average walnut export price amounted to $X per ton, falling by -19.8% against the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, walnut export price increased by +18.0% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of 52%. The export price peaked at $X per ton in 2020, and then declined sharply in the following year.

Average prices varied noticeably for the major external markets. In 2021, the countries with the highest prices were Ireland ($X per ton) and Norway ($X per ton), while the average price for exports to Spain ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+16.7%), while the prices for the other major destinations experienced a decline.

Walnut Imports

Imports into the UK

In 2021, walnut imports into the UK declined markedly to X tons, waning by -20.1% compared with the year before. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 63%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, walnut imports shrank to $X in 2021. Over the period under review, imports recorded a perceptible curtailment. The growth pace was the most rapid in 2014 with an increase of 88% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

France (X tons), Chile (X tons) and the Netherlands (X tons) were the main suppliers of walnut imports to the UK, together comprising 71% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Chile (with a CAGR of +73.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), the Netherlands ($X) and France ($X) were the largest walnut suppliers to the UK, together comprising 70% of total imports.

Chile, with a CAGR of +71.2%, recorded the highest rates of growth with regard to 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, increasing by 10% against the previous year. Over the period under review, the import price, however, recorded a perceptible decrease. The growth pace was the most rapid in 2014 when the average import price increased by 30% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Chile ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+4.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :