Eastern Europe: Walnut Market 2024

Walnut Market Size in Eastern Europe

In 2022, after two years of growth, there was significant decline in the East European walnut market, when its value decreased by X% to $X. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Walnut Production in Eastern Europe

In value terms, walnut production amounted to $X in 2022 estimated in export price. In general, production recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Ukraine (X tons) constituted the country with the largest volume of walnut production, comprising approx. X% of total volume. Moreover, walnut production in Ukraine exceeded the figures recorded by the second-largest producer, Romania (X tons), twofold. The third position in this ranking was held by Belarus (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Ukraine stood at X%. The remaining producing countries recorded the following average annual rates of production growth: Romania (X% per year) and Belarus (X% per year).

The average walnut yield expanded remarkably to X tons per ha in 2022, surging by X% on the year before. Overall, the yield, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2018 when the yield increased by X%. The level of yield peaked at X tons per ha in 2013; however, from 2014 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of walnuts in Eastern Europe fell to X ha, declining by X% on the previous year. The total harvested area indicated prominent growth 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, walnut 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 dropped in the following year.

Walnut Exports

Exports in Eastern Europe

In 2022, shipments abroad of walnuts was finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, continue to indicate a noticeable reduction. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, walnut exports declined to $X in 2022. Overall, exports, however, showed a abrupt downturn. The growth pace was the most rapid in 2019 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Belarus (X tons) and Ukraine (X tons) represented roughly X% of total exports in 2022. Russia (X tons) ranks next in terms of the total exports with a X% share, followed by Moldova (X%) and Poland (X%). Hungary (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Belarus (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), Belarus ($X) and Moldova ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

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

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Hungary ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

Walnut Imports

Imports in Eastern Europe

After five years of growth, purchases abroad of walnuts decreased by X% to X tons in 2022. In general, imports, however, saw strong growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then dropped notably in the following year.

In value terms, walnut imports declined remarkably to $X in 2022. Over the period under review, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked at $X in 2021, and then declined rapidly in the following year.

Imports by Country

Russia was the major importer of walnuts in Eastern Europe, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Romania (X tons), Moldova (X tons) and Belarus (X tons), together achieving a X% share of total imports. The following importers - Bulgaria (X tons) and Slovakia (X tons) - each accounted for a X% share of total imports.

Imports into Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Belarus (X%), Romania (X%) and Bulgaria (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. Moldova experienced a relatively flat trend pattern. By contrast, Slovakia (X%) illustrated a downward trend over the same period. Russia (X p.p.), Belarus (X p.p.) and Romania (X p.p.) significantly strengthened its position in terms of the total imports, while Slovakia and Moldova 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, the largest walnut importing markets in Eastern Europe were Russia ($X), Romania ($X) and Moldova ($X), with a combined X% share of total imports. Belarus, Slovakia and Bulgaria lagged somewhat behind, together accounting for a further X%.

Belarus, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the import price in Eastern Europe amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a perceptible reduction. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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