Global Walnut Market 2025

Walnut Market Size

After two years of growth, the global walnut market decreased by -0.4% to $X in 2022. The market value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Walnut Production

In value terms, walnut production totaled $X in 2022 estimated in export price. In general, the total production indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +4.2% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 31%. Global production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were China (X tons), the United States (X tons) and Iran (X tons), together accounting for 61% of global production. Turkey, Mexico, Chile, Burkina Faso and Ukraine lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +13.7%), while production for the other global leaders experienced more modest paces of growth.

The global average walnut yield reached X tons per ha in 2022, leveling off at 2021 figures. Over the period under review, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 4.3%. Over the period under review, the average walnut yield reached the peak level at X tons per ha in 2017; however, from 2018 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The global walnut harvested area contracted to X ha in 2022, approximately reflecting 2021. The harvested area increased at an average annual rate of +2.9% over the period 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 2014 when the harvested area increased by 9.8%. The global harvested area peaked at X ha in 2021, and then fell slightly in the following year.

Walnut Exports

Exports

In 2022, the amount of walnuts exported worldwide shrank slightly to X tons, with a decrease of -4.5% on 2021 figures. Overall, total exports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -22.3% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 47%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the global exports remained at a lower figure.

In value terms, walnut exports dropped modestly to $X in 2022. The total export value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 27% against the previous year. Over the period under review, the global exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from the United States (X tons), Chile (X tons) and China (X tons), together amounting to 76% of total export. France (X tons) took a 5.2% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (5.1%). The following exporters - Mexico (X tons) and Belarus (X tons) - together made up 5% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Belarus (with a CAGR of +193.1%), while the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), Chile ($X) and China ($X) constituted the countries with the highest levels of exports in 2022, together comprising 78% of global exports. France, Mexico, Turkey and Belarus lagged somewhat behind, together comprising a further 16%.

Among the main exporting countries, Belarus, with a CAGR of +170.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average walnut export price stood at $X per ton in 2022, rising by 2.2% against the previous year. Overall, the export price, however, continues to indicate a slight decline. The pace of growth was the most pronounced in 2017 an increase of 14% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 ($X per ton), while Belarus ($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 (+1.9%), while the other global leaders experienced mixed trends in the export price figures.

Walnut Imports

Imports

In 2022, global imports of walnuts fell to X tons, dropping by -8.8% on the previous year. In general, imports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2019 with an increase of 36% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of global imports failed to regain momentum.

In value terms, walnut imports dropped to $X in 2022. The total import value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 23%. Global imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons), distantly followed by the United Arab Emirates (X tons), Mexico (X tons), India (X tons), Italy (X tons) and Morocco (X tons) were the major importers of walnuts, together creating 62% of total imports. Iraq (X tons), Kyrgyzstan (X tons), Kazakhstan (X tons), Vietnam (X tons), Spain (X tons), Germany (X tons) and Algeria (X tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Kyrgyzstan (with a CAGR of +205.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Mexico ($X) and the United Arab Emirates ($X) were the countries with the highest levels of imports in 2022, together accounting for 45% of global imports. Italy, Morocco, India, Iraq, Vietnam, Spain, Germany, Algeria, Kazakhstan and Kyrgyzstan lagged somewhat behind, together comprising a further 40%.

Kyrgyzstan, with a CAGR of +194.4%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average walnut import price stood at $X per ton in 2022, increasing by 1.6% against the previous year. In general, the import price, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 when the average import price increased by 12% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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 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 Iraq (+3.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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