Canada - Walnuts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWalnut Price in Canada - 2023
Contents:
- Walnut Price in Canada (CIF) - 2023
- Walnut Price in Canada (FOB) - 2022
- Walnut Imports in Canada
- Walnut Exports in Canada
Walnut Price in Canada (CIF) - 2023
In September 2023, the average walnut import price amounted to $1,968 per ton, declining by -48.6% against the previous month. Overall, the import price showed a noticeable descent. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 28% month-to-month. The import price peaked at $3,830 per ton in August 2023, and then declined notably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was China ($3,787 per ton), while the price for the United States ($1,882 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+0.8%), while the prices for the other major suppliers experienced a decline.
Walnut Price in Canada (FOB) - 2022
In 2022, the average walnut export price amounted to $1,309 per ton, falling by -3.4% against the previous year. In general, the export price saw a noticeable decrease. The pace of growth appeared the most rapid in 2015 when the average export price increased by 38%. The export price peaked at $1,755 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($1,744 per ton), while the average price for exports to Germany ($800 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guyana (+4.6%), while the prices for the other major destinations experienced mixed trend patterns.
Walnut Imports in Canada
Walnut imports into Canada soared to 1.2K tons in 2022, with an increase of 19% compared with 2021 figures. Over the period under review, total imports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +4.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -18.4% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 40%. As a result, imports reached the peak of 1.4K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, walnut imports reached $3.3M in 2022. The total import value increased at an average annual rate of +3.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 34% against the previous year. As a result, imports attained the peak of $4M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Walnut in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.9 | 3.9 | 2.7 | 3.1 | 2.2% |
| China | 0.1 | N/A | 0.2 | 0.1 | 0.0% |
| Others | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Total | 3.0 | 4.0 | 3.0 | 3.3 | 3.2% |
Top Suppliers of Walnut to Canada in 2022:
- United States (1120.6 tons)
- China (32.1 tons)
Walnut Exports in Canada
In 2022, the amount of walnuts exported from Canada surged to 178 kg, rising by 44% against 2021 figures. Overall, exports, however, continue to indicate a abrupt setback.
In value terms, walnut exports skyrocketed to $233 in 2022. In general, exports, however, recorded a abrupt decline.
| Export of Walnut in Canada (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Hong Kong SAR | 184 | 90.0 | 136 | -14.0% | |
| India | 49.0 | 30.0 | 45.0 | -4.2% | |
| Italy | 33.0 | 7.0 | 24.0 | -14.7% | |
| Germany | 16.0 | 9.0 | 16.0 | 0.0% | |
| Guyana | 10.0 | 3.0 | 5.0 | -29.3% | |
| United Kingdom | N/A | 15.0 | N/A | 0% | |
| Others | 10.0 | 14.0 | 7.0 | -16.3% | |
| Total | 302 | 168 | 233 | -12.2% | |
Top Export Markets for Walnut from Canada in 2022:
- Hong Kong SAR (78.0 kg)
- India (47.0 kg)
- Italy (23.0 kg)
- Germany (20.0 kg)
- Guyana (4.0 kg)
This report provides an in-depth analysis of the walnut market in Canada. 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:
- FCL 222 - Walnuts
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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
- COUNTRIES WITH TOP YIELDS
- 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. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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 Of Origin, 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, By Country Of Destination, 2012–2023
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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.
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In February 2023, the price of Shelled Hazelnuts was reported to be $6,385 per ton (CIF, Canada), a decrease of -1.6% compared with the previous month.
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In July 2022, the hazelnut price per ton stood at $7.6K (CIF, Canada), dropping by -8.5% against the previous month.
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In 2017, the volume of the global shelled walnut consumption stood at approx. X tons. There was a robust increase from 2008-2016, but then it levelled off due to a slight decrease of the supply in China; despite that, there was an average annual i
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Global walnut consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
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In 2015, the country with the largest volume of the walnut output was China (X thousand tons), accounting for X% of global production.
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The U.S. continued its dominance in the global walnut trade. In 2014, the U.S. exported X thousand tons of walnuts totaling X million USD, X% over the previous year. Its primary trading partner was Germany, where it supplied X% of its total wa
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The world nut market is expected to reach a value of USD 92.4 billion by 2030, up from USD 66.6 billion in 2022, growing at a compound annual growth rate (CAGR) of 4.2% from 2022 to 2030.
