United Kingdom - Walnuts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWalnut Price in the UK - 2023
Contents:
- Walnut Price in the UK (CIF) - 2023
- Walnut Price in the UK (FOB) - 2022
- Walnut Imports in the UK
- Walnut Exports in the UK
Walnut Price in the UK (CIF) - 2023
The average walnut import price stood at $1,893 per ton in August 2023, surging by 14% against the previous month. Overall, the import price, however, continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in February 2023 when the average import price increased by 109% month-to-month. The import price peaked at $4,409 per ton in March 2023; however, from April 2023 to August 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($3,253 per ton), while the price for the United States ($1,610 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Nigeria (0.0%), while the prices for the other major suppliers experienced a decline.
Walnut Price in the UK (FOB) - 2022
In 2022, the average walnut export price amounted to $63,000 per ton, rising by 1,214% against the previous year. Over the period under review, the export price posted a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($392,000 per ton), while the average price for exports to Ireland amounted to $8,167 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+11.6%), while the prices for the other major destinations experienced a decline.
Walnut Imports in the UK
In 2022, the amount of walnuts imported into the UK surged to 952 tons, rising by 63% on 2021 figures. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +17.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, walnut imports soared to $3.1M in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.5% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Walnut in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 221 | 323 | 201 | 1,519 | 90.1% |
| Chile | N/A | 666 | 656 | 494 | -13.9% |
| France | 297 | 330 | 318 | 230 | -8.2% |
| Spain | 7.1 | 0.3 | 2.4 | 188 | 198.1% |
| Portugal | N/A | N/A | N/A | 163 | 0% |
| Nigeria | N/A | N/A | N/A | 117 | 0% |
| China | N/A | 2.5 | 4.6 | 111 | 566.3% |
| Italy | 936 | 410 | 13.3 | 91.4 | -54.0% |
| Netherlands | 184 | 425 | 477 | 75.8 | -25.6% |
| Others | 127 | 120 | 338 | 103 | -6.7% |
| Total | 1,772 | 2,277 | 2,010 | 3,092 | 20.4% |
Top Suppliers of Walnut to the UK in 2022:
- United States (476.5 tons)
- Chile (162.4 tons)
- Spain (101.9 tons)
- France (68.5 tons)
- Portugal (40.4 tons)
- Italy (28.6 tons)
- China (22.2 tons)
- Nigeria (15.9 tons)
- Netherlands (15.3 tons)
Walnut Exports in the UK
In 2022, the amount of walnuts exported from the UK dropped dramatically to 7 kg, declining by -99.8% on 2021 figures. Overall, exports continue to indicate a precipitous setback. The pace of growth was the most pronounced in 2021 with an increase of 7.6%.
In value terms, walnut exports declined markedly to $441 in 2022. In general, exports showed a sharp shrinkage. The smallest decline of -14.6% was in 2020.
| Export of Walnut in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 0.4 | 0% |
| Norway | N/A | N/A | 22.2 | N/A | 0% |
| Ireland | 12.0 | 21.0 | N/A | N/A | 75.0% |
| Denmark | N/A | 2.1 | N/A | N/A | 0% |
| Italy | 21.4 | 0.3 | N/A | N/A | -98.6% |
| Others | 2.2 | 7.1 | N/A | N/A | 222.7% |
| Total | 35.6 | 30.4 | 22.2 | 0.4 | -77.6% |
Top Export Markets for Walnut from the UK in 2022:
- Ireland (6.0 kg)
- United States (1.0 kg)
This report provides an in-depth analysis of the walnut market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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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