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During the review period, there was a significant increase in imports, reaching a record high in October 2023. The value of imported shelled walnuts also experienced a surge, amounting to $4M in October 2023.
During the period from September 2022 to July 2023, the import of Shelled Walnuts faced a setback in terms of growth. The total value of imported Shelled Walnuts in July 2023 amounted to $4.5M.
In June 2023, the price of Shelled Walnuts reached $4,872 per ton (CIF, Australia), showing a 5.3% increase compared to the previous month.
The value of Shelled Walnut exports experienced a rapid drop to $11M in June 2023.
In February 2023, the shelled walnut price amounted to $6,083 per ton (CIF, Canada), which is down by -3.7% against the previous month.
In January 2023, the shelled walnut price amounted to $10,971 per ton (FOB, Mexico), shrinking by -3.2% against the previous month.
In January 2023, the shelled walnut price amounted to $5,190 per ton (CIF, Hong Kong), which is down by -23% against the previous month.
In Feb 2023, shelled walnut prices were $4,260/ton (FOB, US), a -1.7% change compared to the previous month.
In November 2022, the shelled walnut price stood at $4,472 per ton (FOB, US), falling by -4.6% against the previous month.
The global walnut estimated at approx. 2.5M tons on a shelled walnut basis, equating to near $17.1B. Against the pandemic background, and given the tangible rise in walnut outputs, the processing of walnuts into snack products emerges as the new driver of global walnut market growth. The market potential could be also found in the expansion of the range of nut products positioned as “healthy” food.
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