CIS: Shelled Walnut Market 2024

Shelled Walnut Market Size in CIS

In 2022, after two years of growth, there was significant decline in the CIS shelled walnut market, when its value decreased by X% to $X. 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. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Shelled Walnut Production in CIS

In value terms, shelled walnut production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Shelled Walnut Exports

Exports in CIS

Shelled walnut exports soared to X tons in 2022, picking up by X% on 2021 figures. Overall, exports, however, recorded a relatively flat trend pattern. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, shelled walnut exports surged to $X in 2022. Over the period under review, exports, however, saw a perceptible slump. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Kyrgyzstan (X tons) and Moldova (X tons) were the largest exporters of shelled walnuts in the CIS, together generating X% of total exports. It was distantly followed by Uzbekistan (X tons), committing a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Kyrgyzstan (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Moldova ($X) remains the largest shelled walnut supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Moldova amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Kyrgyzstan (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price continues to indicate a noticeable decline. The growth pace was the most rapid in 2014 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

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

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

Shelled Walnut Imports

Imports in CIS

In 2022, purchases abroad of shelled walnuts decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw tangible growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then shrank notably in the following year.

In value terms, shelled walnut imports fell markedly to $X in 2022. Overall, imports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

In 2022, Kyrgyzstan (X tons) represented the largest importer of shelled walnuts, mixing up X% of total imports. It was distantly followed by Moldova (X tons), Azerbaijan (X tons) and Kazakhstan (X tons), together constituting a X% share of total imports. Russia (X tons) and Belarus (X tons) followed a long way behind the leaders.

Kyrgyzstan was also the fastest-growing in terms of the shelled walnuts imports, with a CAGR of X% from 2012 to 2022. At the same time, Moldova (X%), Belarus (X%) and Azerbaijan (X%) displayed positive paces of growth. By contrast, Kazakhstan (X%) and Russia (X%) illustrated a downward trend over the same period. Kyrgyzstan (X p.p.) and Moldova (X p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan and Russia saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Moldova ($X) constitutes the largest market for imported shelled walnuts in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kyrgyzstan ($X), with a X% share of total imports. It was followed by Azerbaijan, with a X% share.

In Moldova, shelled walnut imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kyrgyzstan (X% per year) and Azerbaijan (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, with a decrease of X% against the previous year. Import price indicated mild growth from 2012 to 2022: its price 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, shelled walnut import price decreased by X% against 2019 indices. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Moldova ($X per ton), while Kyrgyzstan ($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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