CIS: Nuts Market 2024

Nuts Market Size in CIS

The CIS nuts market reached $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to continue growth in the immediate term.

Nuts Production in CIS

In value terms, nuts production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

The countries with the highest volumes of production in 2022 were Uzbekistan (X tons), Azerbaijan (X tons) and Russia (X tons), together accounting for X% of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Azerbaijan (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average nuts yield in the CIS amounted to X tons per ha, approximately mirroring the year before. Overall, the yield, however, continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the yield reached the peak level of X tons per ha. From 2016 to 2022, the growth of the nuts yield failed to regain momentum. 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 nuts were harvested in the CIS; waning by X% against 2021 figures. The total harvested area indicated a measured increase from 2012 to 2022: its figure 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, nuts harvested area increased by X% against 2012 indices. The pace of growth was the most pronounced in 2021 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha, and then declined in the following year.

Nuts Exports

Exports in CIS

In 2022, after three years of growth, there was significant decline in overseas shipments of nuts, when their volume decreased by X% to X tons. Overall, exports, however, posted a modest increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of export peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, nuts exports declined remarkably to $X in 2022. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell markedly in the following year.

Exports by Country

Kyrgyzstan represented the key exporter of nuts in the CIS, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Belarus (X tons), Azerbaijan (X tons), Russia (X tons) and Moldova (X tons), together constituting a X% share of total exports. Armenia (X tons) and Tajikistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Armenia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest nuts supplying countries in the CIS were Kyrgyzstan ($X), Azerbaijan ($X) and Belarus ($X), with a combined X% share of total exports. Armenia, Russia, Moldova and Tajikistan lagged somewhat behind, together accounting for a further X%.

Armenia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, dropping by X% against the previous year. In general, the export price recorded a drastic downturn. The pace of growth appeared the most rapid in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then fell dramatically in the following year.

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 Armenia ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tajikistan (X%), while the other leaders experienced a decline in the export price figures.

Nuts Imports

Imports in CIS

In 2022, approx. X tons of nuts were imported in the CIS; falling by X% on the year before. Overall, imports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, nuts imports declined dramatically to $X in 2022. Over the period under review, imports, however, enjoyed a temperate expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then plummeted in the following year.

Imports by Country

The purchases of the three major importers of nuts, namely Kazakhstan, Kyrgyzstan and Russia, represented more than two-thirds of total import. Uzbekistan (X tons) ranks next in terms of the total imports with an X% share, followed by Azerbaijan (X%). The following importers - Moldova (X tons) and Belarus (X tons) - each resulted at a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest nuts importing markets in the CIS were Russia ($X), Kazakhstan ($X) and Kyrgyzstan ($X), with a combined X% share of total imports. Azerbaijan, Uzbekistan, Moldova and Belarus lagged somewhat behind, together accounting for a further X%.

Uzbekistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, declining by X% against the previous year. Overall, the import price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2020 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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