World - Nuts (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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The global market for nuts (prepared or preserved) is projected to continue its upward consumption trend over the next eight years, with forecasted growth in both volume and value terms. Consumption of nuts decreased in 2022 but has shown a significant increase from 2012 to 2022. The countries with the highest consumption and production volumes include China, Turkey, and the United States. Import and export trends indicate a strong expansion from 2012 to 2022, with the United States, Turkey, and Vietnam leading as the largest exporters. Average import and export prices have remained relatively stable, with some fluctuation over the years. Overall, the market for nuts is expected to see continued growth in the near future.
Market Forecast
Driven by increasing demand for nuts (prepared or preserved) worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.4% for the period from 2022 to 2030, which is projected to bring the market volume to 11M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +5.0% for the period from 2022 to 2030, which is projected to bring the market value to $98.7B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Nuts (Prepared Or Preserved)
In 2022, consumption of nuts (prepared or preserved) decreased by -2.9% to 8.5M tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +82.9% against 2012 indices. Over the period under review, global consumption reached the peak volume at 8.8M tons in 2021, and then fell slightly in the following year.
The global nuts (prepared or preserved) market value reduced modestly to $67B in 2022, with a decrease of -4.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +6.5% against 2020 indices. As a result, consumption reached the peak level of $80.7B. From 2020 to 2022, the growth of the global market failed to regain momentum.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (1.1M tons), Turkey (659K tons) and the United States (648K tons), with a combined 28% share of global consumption. India, Pakistan, Japan, Nigeria, Russia, Italy, Indonesia, Bangladesh, Spain and Brazil lagged somewhat behind, together accounting for a further 28%.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Italy (with a CAGR of +19.3%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, Turkey ($31.3B) led the market, alone. The second position in the ranking was held by China ($4.2B). It was followed by the United States.
From 2012 to 2022, the average annual growth rate of value in Turkey amounted to +2.3%. The remaining consuming countries recorded the following average annual rates of market growth: China (+7.3% per year) and the United States (+14.4% per year).
The countries with the highest levels of nuts (prepared or preserved) per capita consumption in 2022 were Turkey (7.7 kg per person), Spain (4 kg per person) and Italy (3.6 kg per person).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Italy (with a CAGR of +19.4%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Nuts (Prepared Or Preserved)
In 2022, after ten years of growth, there was decline in production of nuts (prepared or preserved), when its volume decreased by -2.8% to 8.6M tons. Over the period under review, the total production indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.2% 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 +82.5% against 2012 indices. The pace of growth was the most pronounced in 2017 with an increase of 12% against the previous year. Global production peaked at 8.8M tons in 2021, and then fell in the following year.
In value terms, nuts (prepared or preserved) production shrank to $70.9B in 2022 estimated in export price. Overall, production, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 52% against the previous year. As a result, production attained the peak level of $166.2B. From 2020 to 2022, global production growth remained at a lower figure.
Production By Country
The countries with the highest volumes of production in 2022 were China (1.1M tons), Turkey (806K tons) and the United States (695K tons), with a combined 30% share of global production. India, Pakistan, Russia, Nigeria, Italy, Spain, Japan, Indonesia, Bangladesh and Brazil lagged somewhat behind, together comprising a further 28%.
From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +17.5%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Nuts (Prepared Or Preserved)
In 2022, purchases abroad of nuts (prepared or preserved) increased by 1.3% to 1M tons, rising for the third year in a row after two years of decline. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +6.0% 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 +20.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 12% against the previous year. Over the period under review, global imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, nuts (prepared or preserved) imports expanded modestly to $5.7B in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.6% 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 +28.4% against 2015 indices. The most prominent rate of growth was recorded in 2014 with an increase of 16%. Global imports peaked in 2022 and are expected to retain growth in the near future.
Imports By Country
The countries with the highest levels of nuts (prepared or preserved) imports in 2022 were the United States (132K tons), Germany (98K tons), China (81K tons), South Korea (63K tons), Canada (59K tons), Japan (41K tons) and France (40K tons), together reaching 50% of total import. The UK (26K tons), the Netherlands (25K tons), Hong Kong SAR (21K tons), Belgium (21K tons), Kazakhstan (20K tons) and Poland (19K tons) took a little share of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (with a CAGR of +36.5%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($686M), China ($610M) and Germany ($549M) were the countries with the highest levels of imports in 2022, together accounting for 32% of global imports.
China, with a CAGR of +36.0%, recorded the highest rates of growth with regard to 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 nuts (prepared or preserved) import price stood at $5,544 per ton in 2022, leveling off at the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 14% against the previous year. Over the period under review, average import prices reached the peak figure at $6,238 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($7,513 per ton), while South Korea ($2,705 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+3.2%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Nuts (Prepared Or Preserved)
For the sixth consecutive year, the global market recorded growth in overseas shipments of nuts (prepared or preserved), which increased by 2.2% to 1.1M tons in 2022. In general, total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.8% 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 +76.5% against 2012 indices. The most prominent rate of growth was recorded in 2017 with an increase of 19% against the previous year. Over the period under review, the global exports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, nuts (prepared or preserved) exports amounted to $5.7B in 2022. Overall, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.8% 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 +28.0% against 2015 indices. The pace of growth was the most pronounced in 2015 with an increase of 16% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the immediate term.
Exports By Country
In 2022, the United States (179K tons), Turkey (150K tons), China (123K tons) and Vietnam (103K tons) was the largest exporter of nuts (prepared or preserved) in the world, comprising 52% of total export. It was distantly followed by Germany (59K tons), achieving a 5.6% share of total exports. India (46K tons), Spain (38K tons), the Netherlands (36K tons), Russia (31K tons), Canada (23K tons), Italy (21K tons) and Thailand (18K tons) followed a long way behind the leaders.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of +31.4%), while the other global leaders experienced more modest paces of growth.
In value terms, the largest nuts (prepared or preserved) supplying countries worldwide were the United States ($1B), Turkey ($774M) and Vietnam ($713M), together comprising 44% of global exports.
Vietnam, with a CAGR of +33.6%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
In 2022, the average nuts (prepared or preserved) export price amounted to $5,404 per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 11% against the previous year. Over the period under review, the average export prices hit record highs at $6,073 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat 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 Italy ($8,869 per ton), while India ($2,242 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.4%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global market for nuts (prepared or preserved). 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:
- Prodcom 10392390 - Prepared or preserved nuts (other than groundnuts), and other seeds and mixtures (excluding by vinegar or acetic acid, f rozen, purees and pastes, preserved by sugar)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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In 2015, the countries with the highest levels of nut production were China (X thousand tons), Mexico (X thousand tons), Indonesia (X thousand tons), together accounting for X% of total output.
Turkey is one of the leaders in the global nut trade. In 2014, Turkey exported X thousand tons of nuts totaling X million USD, X% over the previous year. Its primary trading partner was Italy, where it supplied X% of its total nut exports in
Thailand dominates in the global trade of prepared or preserved pineapples. In 2014, Thailand exported X thousand tons of prepared or preserved pineapples totaling X million USD, which was X million USD less than the year before. Its primary trad