India - Walnuts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWalnut Price in India - 2023
Contents:
- Walnut Price in India (CIF) - 2023
- Walnut Price in India (FOB) - 2022
- Walnut Imports in India
- Walnut Exports in India
Walnut Price in India (CIF) - 2023
The average walnut import price stood at $1,332 per ton in July 2023, declining by -1.5% against the previous month. In general, the import price showed a slight shrinkage. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 4.7% against the previous month. The import price peaked at $1,607 per ton in September 2022; however, from October 2022 to July 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the countries with the highest prices were Canada ($1,406 per ton) and the United States ($1,334 per ton), while the price for the United Arab Emirates ($1,216 per ton) and Chile ($1,331 per ton) were amongst the lowest.
From September 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Canada (0.0%), while the prices for the other major suppliers experienced a decline.
Walnut Price in India (FOB) - 2022
In 2022, the average walnut export price amounted to $2,127 per ton, declining by -3.8% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 107%. As a result, the export price attained the peak level of $3,962 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($2,693 per ton), while the average price for exports to Nepal ($1,500 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 Iran (+8.7%), while the prices for the other major destinations experienced a decline.
Walnut Imports in India
In 2022, supplies from abroad of walnuts decreased by -19.1% to 31K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 65%. As a result, imports reached the peak of 38K tons, and then fell notably in the following year.
In value terms, walnut imports dropped dramatically to $51M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +10.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 49% against the previous year.
| Import of Walnut in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 11.9 | 23.5 | 37.3 | 37.8 | 47.0% |
| United States | 13.0 | 18.9 | 28.9 | 7.1 | -18.3% |
| United Arab Emirates | 9.2 | 12.4 | 6.9 | 5.2 | -17.3% |
| Others | 4.2 | 2.2 | 0.7 | 0.8 | -42.5% |
| Total | 38.2 | 57.0 | 73.8 | 50.9 | 10.0% |
Top Suppliers of Walnut to India in 2022:
- Chile (23.6K tons)
- United States (3.7K tons)
- United Arab Emirates (2.9K tons)
Walnut Exports in India
Walnut exports from India reduced notably to 415 tons in 2022, which is down by -40.9% on the previous year. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 858%. As a result, the exports reached the peak of 703 tons, and then fell significantly in the following year.
In value terms, walnut exports declined sharply to $883K in 2022. Overall, exports, however, saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 567%. As a result, the exports reached the peak of $1.6M, and then declined dramatically in the following year.
| Export of Walnut in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Algeria | N/A | N/A | N/A | 534 | 0% |
| United Arab Emirates | 198 | 60.0 | 249 | 165 | -5.9% |
| Iran | N/A | N/A | 385 | 78.5 | -79.6% |
| Egypt | N/A | N/A | N/A | 78.5 | 0% |
| Spain | N/A | N/A | 455 | N/A | 0% |
| Nepal | 177 | 70.2 | 3.5 | N/A | -85.9% |
| Others | 31.8 | 103 | 462 | 27.0 | -5.3% |
| Total | 407 | 233 | 1,554 | 883 | 29.5% |
Top Export Markets for Walnut from India in 2022:
- Nepal (undefined tons)
- Algeria (271.0 tons)
- United Arab Emirates (61.4 tons)
- Iran (40.0 tons)
- Egypt (40.0 tons)
This report provides an in-depth analysis of the walnut market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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
-
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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This report provides an in-depth analysis of the walnut market in India.
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The imports of Walnuts hit a staggering value of $14M in July 2023.
594
In February 2023, the almond price stood at $3,433 per ton (CIF, India), dropping by -5.6% against the previous month.
168
In August 2023, the growth rate of Shelled Hazelnut reached its highest point, with a remarkable month-to-month increase of 350%. However, the value of imported Shelled Hazelnuts experienced a significant decline in October 2023, dropping to $234K.
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Global walnut consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
