Nut Market - Turkey Remains One of the Largest Nut Exporters in the World

Other Tree And Bush Fruits And Nuts August 26, 2015
Author: Svetlana Sitkova
Head of Industrial Research Department

nut market

Turkey is one of the leaders in the global nut trade. In 2014, Turkey exported 171 thousand tonnes of nuts totaling 1,561 million USD, 24% over the previous year. Its primary trading partner on the global nut market was Italy, where it supplied 37% of its total nut exports in value terms, accounting for 43% of Italy's total imports.

From 2007 to 2014, Turkey was a net exporter of nuts. Over this period, exports consistently exceeded imports in value terms. However, in physical terms, the difference was less pronounced.

The U.S. and India were among the other main global suppliers of nuts in 2014. However, the fastest growing exporters from 2007 to 2014 were Côte d'Ivoire (+33% per year) and Australia (+19% per year). Overall, though, the U.S. strengthened its position in the global export structure during this period.

In addition to Italy, Turkey's other 4 top trading partners were Germany, France, Canada and Switzerland, with a combined 65% share of Turkey's nut exports. The share of Canada increased modestly (+3 percentage points), while the share of Germany illustrated negative dynamics (-4 percentage points).

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Source: World: Nuts - Market Report. Analysis And Forecast To 2020