Vietnam: Shelled Walnut Market 2025

Shelled Walnut Market Size in Vietnam

The Vietnamese shelled walnut market reached $X in 2022, approximately mirroring the previous year. Over the period under review, consumption saw a abrupt descent. Shelled walnut consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Shelled Walnut Production in Vietnam

In value terms, shelled walnut production reached $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 27%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Shelled Walnut Exports

Exports from Vietnam

In 2022, shelled walnut exports from Vietnam amounted to X tons, standing approx. at 2021. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 449% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, shelled walnut exports totaled $X in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 290%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for shelled walnut exports from Vietnam, accounting for a 48% share of total exports. Moreover, shelled walnut exports to the United States exceeded the volume sent to the second major destination, Japan (X tons), fourfold. South Korea (X tons) ranked third in terms of total exports with an 8% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +91.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+89.2% per year) and South Korea (+65.4% per year).

In value terms, the United States ($X) remains the key foreign market for shelled walnuts exports from Vietnam, comprising 48% of total exports. The second position in the ranking was held by Japan ($X), with a 13% share of total exports. It was followed by South Korea, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +124.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+85.4% per year) and South Korea (+91.5% per year).

Export Prices by Country

The average shelled walnut export price stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price recorded a slight contraction. The pace of growth appeared the most rapid in 2017 when the average export price increased by 64% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the Netherlands ($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 the United States (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Shelled Walnut Imports

Imports into Vietnam

After seven years of growth, purchases abroad of shelled walnuts decreased by -3.8% to X tons in 2022. In general, imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of 91% against the previous year. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, shelled walnut imports amounted to $X in 2022. Overall, imports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of 118%. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons), China (X tons) and Hong Kong SAR (X tons) were the main suppliers of shelled walnut imports to Vietnam, together accounting for 91% of total imports. Australia, Chile, Singapore and Turkey lagged somewhat behind, together comprising a further 9.2%.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +45.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Hong Kong SAR ($X) constituted the largest shelled walnut suppliers to Vietnam, with a combined 93% share of total imports.

Among the main suppliers, the United States, with a CAGR of +93.3%, recorded the highest rates of growth with regard to 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

The average shelled walnut import price stood at $X per ton in 2022, picking up by 4.4% against the previous year. Overall, the import price, however, saw a slight contraction. The pace of growth appeared the most rapid in 2014 an increase of 22%. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for Australia ($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 United States (+46.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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