Global Shelled Walnut Market 2024

Shelled Walnut Market Size

The global shelled walnut market rose rapidly to $X in 2022, picking up by 9.2% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the global market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Shelled Walnut Production

In value terms, shelled walnut production expanded sharply to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 26%. Global production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Shelled Walnut Exports

Exports

Global shelled walnut exports was estimated at X tons in 2022, with an increase of 1.5% compared with the year before. In general, exports showed a resilient increase. The growth pace was the most rapid in 2021 when exports increased by 49% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, shelled walnut exports rose remarkably to $X in 2022. Overall, total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 45% against the previous year. Over the period under review, the global exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, the United States (X tons) was the key exporter of shelled walnuts, committing 41% of total exports. China (X tons) took a 14% share (based on physical terms) of total exports, which put it in second place, followed by Mexico (11%), Chile (7.9%) and Ukraine (5.2%). Germany (X tons), Kyrgyzstan (X tons), Turkey (X tons), Moldova (X tons), Romania (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to shelled walnut exports from the United States stood at +8.5%. At the same time, Mexico (+328.9%), China (+22.6%), Turkey (+22.5%), the Netherlands (+15.0%), Germany (+13.0%), Kyrgyzstan (+11.4%) and Chile (+10.9%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in the world, with a CAGR of +328.9% from 2012-2022. Romania experienced a relatively flat trend pattern. By contrast, Ukraine (-4.0%) and Moldova (-6.2%) illustrated a downward trend over the same period. Mexico (+11 p.p.), China (+10 p.p.) and Chile (+1.7 p.p.) significantly strengthened its position in terms of the global exports, while Romania, Moldova and Ukraine saw its share reduced by -2.2%, -6.3% and -12.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest shelled walnut supplier worldwide, comprising 39% of global exports. The second position in the ranking was held by Mexico ($X), with an 18% share of global exports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in the United States stood at +4.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (+384.2% per year) and China (+19.1% per year).

Export Prices by Country

In 2022, the average shelled walnut export price amounted to $X per ton, surging by 5.5% against the previous year. Over the period under review, the export price, however, recorded a slight setback. The most prominent rate of growth was recorded in 2017 an increase of 16%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+12.9%), while the other global leaders experienced more modest paces of growth.

Shelled Walnut Imports

Imports

For the fourth consecutive year, the global market recorded growth in overseas purchases of shelled walnuts, which increased by 6.6% to X tons in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.7% against 2012 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 14%. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, shelled walnut imports soared to $X in 2022. The total import value increased at an average annual rate of +4.7% from 2012 to 2022; 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 23%. Over the period under review, global imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Germany (X tons), distantly followed by Spain (X tons), the Netherlands (X tons), Japan (X tons) and Turkey (X tons) were the key importers of shelled walnuts, together mixing up 40% of total imports. The following importers - South Korea (X tons), France (X tons), the UK (X tons), Canada (X tons), Italy (X tons), Kyrgyzstan (X tons), Israel (X tons) and Austria (X tons) - together made up 27% of total imports.

From 2012 to 2022, average annual rates of growth with regard to shelled walnut imports into Germany stood at +12.8%. At the same time, Kyrgyzstan (+120.9%), Turkey (+22.9%), the Netherlands (+13.9%), Israel (+11.7%), Italy (+9.5%), Austria (+8.5%), Spain (+8.4%), the UK (+6.0%), France (+4.5%), Japan (+2.9%), Canada (+2.7%) and South Korea (+1.9%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in the world, with a CAGR of +120.9% from 2012-2022. Germany (+7.8 p.p.), Turkey (+3.7 p.p.), Kyrgyzstan (+3.1 p.p.) and the Netherlands (+2.8 p.p.) significantly strengthened its position in terms of the global imports, while Canada, Japan and South Korea saw its share reduced by -1.5%, -2.2% and -2.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported shelled walnuts worldwide, comprising 21% of global imports. The second position in the ranking was held by Spain ($X), with an 8.5% share of global imports. It was followed by Japan, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany totaled +10.2%. The remaining importing countries recorded the following average annual rates of imports growth: Spain (+6.5% per year) and Japan (+3.4% per year).

Import Prices by Country

The average shelled walnut import price stood at $X per ton in 2022, picking up by 15% against the previous year. Over the period under review, the import price, however, recorded a slight decrease. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+0.5%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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