Report Update Feb 1, 2025

Vietnam - Walnuts - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Walnut Market 2025

Walnut Market Size in Vietnam

In 2021, the Vietnamese walnut market increased by 51% to $X, rising for the fifth consecutive year after three years of decline. In general, consumption continues to indicate a significant expansion. Over the period under review, the market reached the maximum level in 2021 and is likely to see steady growth in years to come.

Walnut Exports

Exports from Vietnam

After two years of growth, overseas shipments of walnuts decreased by -7.8% to X tons in 2021. Overall, exports recorded a sharp descent. The pace of growth appeared the most rapid in 2016 when exports increased by 78%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, walnut exports declined to $X in 2021. In general, exports faced a sharp decline. The pace of growth appeared the most rapid in 2020 with an increase of 197% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for walnut exports from Vietnam, accounting for a 80% share of total exports. Moreover, walnut exports to the United States exceeded the volume sent to the second major destination, Hong Kong SAR (X kg), fourfold. The third position in this ranking was taken by Luxembourg (X kg), with a 0.4% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +17.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-34.8% per year) and Luxembourg (-39.0% per year).

In value terms, the United States ($X) emerged as the key foreign market for walnut exports from Vietnam, comprising 73% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 21% share of total exports. It was followed by Luxembourg, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-28.6% per year) and Luxembourg (-33.4% per year).

Export Prices by Country

In 2021, the average walnut export price amounted to $X per ton, shrinking by -3.9% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +2.0% 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 +76.3% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 83% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to the United States ($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 Germany (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Walnut Imports

Imports into Vietnam

In 2021, supplies from abroad of walnuts increased by 54% to X tons, rising for the fifth year in a row after three years of decline. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 494%. Over the period under review, imports attained the maximum 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 continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 473% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

The United States (X tons), Chile (X tons) and Mexico (X tons) were the main suppliers of walnut imports to Vietnam, with a combined 95% share 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 +180.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), the United States ($X) and Chile ($X) were the largest walnut suppliers to Vietnam, together accounting for 98% of total imports.

The United States, with a CAGR of +133.1%, 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

The average walnut import price stood at $X per ton in 2021, waning by -1.8% against the previous year. Overall, the import price continues to indicate a perceptible descent. The growth pace was the most rapid in 2020 when the average import price increased by 13%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-6.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for walnuts in the world?

The country with the largest volume of walnut consumption was China, accounting for 54% of total volume. Moreover, walnut consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fivefold. Iran ranked third in terms of total consumption with a 7.4% share.

What are the largest producers of walnuts in the world?

The country with the largest volume of walnut production was China, comprising approx. 55% of total volume. Moreover, walnut production in China exceeded the figures recorded by the second-largest producer, the United States, fourfold. Iran ranked third in terms of total production with a 7.3% share.

What are the leading suppliers of walnuts to Vietnam?

In value terms, Chile and the United States constituted the largest walnut suppliers to Vietnam.

What are the leading importers of walnuts from Vietnam?

In value terms, Taiwan Chinese) and Canada were the largest markets for walnut exported from Vietnam worldwide.

What is the average export price for walnuts in Vietnam?

The average walnut export price stood at $1,801 per ton in 2019, approximately reflecting the previous year.

What is the average import price for walnuts in Vietnam?

The average walnut import price stood at $2,821 per ton in 2019, approximately mirroring the previous year.

This report provides an in-depth analysis of the walnut market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 222 - Walnuts

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Area Harvested, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024