U.S.: Walnut Market 2025

Walnut Market Size in the U.S.

The U.S. walnut market shrank slightly to $X in 2021, waning by -4.4% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Walnut consumption peaked at $X in 2020, and then dropped slightly in the following year.

Walnut Production in the U.S.

In value terms, walnut production reduced to $X in 2021. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 25% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

In 2021, the average yield of walnuts in the United States dropped to X tons per ha, waning by -6.2% on the year before. Overall, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the yield increased by 14% against the previous year. The walnut yield peaked at X tons per ha in 2016; however, from 2017 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.

In 2021, approx. X ha of walnuts were harvested in the United States; which is down by -2% on the previous year's figure. The harvested area increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 6.3%. The walnut harvested area peaked at X ha in 2020, and then declined modestly in the following year.

Walnut Exports

Exports from the U.S.

In 2021, approx. X tons of walnuts were exported from the United States; shrinking by -15.4% on the previous year's figure. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 45% 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 declined to $X in 2021. In general, exports continue to indicate a pronounced curtailment. The growth pace was the most rapid in 2013 when exports increased by 45% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Turkey (X tons), Italy (X tons) and the United Arab Emirates (X tons) were the main destinations of walnut exports from the United States, together comprising 58% of total exports. These countries were followed by Spain, Vietnam, Mexico, Germany, India, China and Hong Kong SAR, which together accounted for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +73.0%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Italy ($X) and the United Arab Emirates ($X) were the largest markets for walnut exported from the United States worldwide, with a combined 53% share of total exports. These countries were followed by Mexico, Spain, Vietnam, India, Germany, China and Hong Kong SAR, which together accounted for a further 34%.

India, with a CAGR of +77.0%, recorded the highest growth rate of the value of exports, among 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

The average walnut export price stood at $X per ton in 2021, with an increase of 8.7% against the previous year. Overall, the export price, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2017 an increase of 14%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Mexico ($X per ton), while the average price for exports to the United Arab Emirates ($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 India (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.

Walnut Imports

Imports into the U.S.

In 2021, purchases abroad of walnuts increased by 199% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 972% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, walnut imports skyrocketed to $X in 2021. Over the period under review, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 1,429%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Vietnam (X tons) constituted the largest supplier of walnut to the United States, accounting for a 74% share of total imports. Moreover, walnut imports from Vietnam exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Vietnam stood at +19.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+36.0% per year) and Chile (-5.1% per year).

In value terms, Vietnam ($X), the United Arab Emirates ($X) and Chile ($X) constituted the largest walnut suppliers to the United States, with a combined 98% share of total imports.

The United Arab Emirates, with a CAGR of +38.9%, recorded the highest rates of growth with regard to the value of imports, among 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, reducing by -47.8% against the previous year. Over the period under review, the import price, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2020 an increase of 91% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced remarkably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+25.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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