China: Walnut Market 2024

Walnut Market Size in China

The Chinese walnut market was estimated at $X in 2022, standing approx. at the previous year. In general, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Walnut Production in China

In value terms, walnut production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production posted resilient growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

In 2022, the average walnut yield in China reduced to X tons per ha, approximately mirroring the previous year. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The walnut yield peaked at X tons per ha in 2021, and then fell slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of walnuts were harvested in China; stabilizing at the year before. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the harvested area increased by X% against the previous year. The walnut harvested area peaked at X ha in 2016; however, from 2017 to 2022, the harvested area remained at a lower figure.

Walnut Exports

Exports from China

In 2022, the amount of walnuts exported from China contracted dramatically to X tons, waning by X% compared with 2021. Overall, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then fell remarkably in the following year.

In value terms, walnut exports declined significantly to $X in 2022. In general, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then declined rapidly in the following year.

Exports by Country

The United Arab Emirates (X tons) was the main destination for walnut exports from China, accounting for a X% share of total exports. Moreover, walnut exports to the United Arab Emirates exceeded the volume sent to the second major destination, Kyrgyzstan (X tons), threefold. Kazakhstan (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (X% per year) and Kazakhstan (X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for walnuts exports from China, comprising X% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a X% share of total exports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

The average walnut export price stood at $X per ton in 2022, flattening at the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Morocco ($X per ton) and Pakistan ($X per ton), while the average price for exports to Iraq ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced a decline.

Walnut Imports

Imports into China

In 2022, imports of walnuts into China expanded modestly to X tons, surging by X% against 2021 figures. In general, imports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, walnut imports expanded modestly to $X in 2022. Overall, imports, however, faced a abrupt descent. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Chile (X tons) constituted the largest walnut supplier to China, accounting for a X% share of total imports. Moreover, walnut imports from Chile exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Chile stood at X%.

In value terms, Chile ($X) constituted the largest supplier of walnuts to China, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Chile stood at X%.

Import Prices by Country

The average walnut import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, recorded a noticeable curtailment. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per ton), while the price for the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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