Egypt: Walnut Market 2024

Walnut Market Size in Egypt

In 2022, the Egyptian walnut market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the market value increased by X%. Walnut consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Walnut Production in Egypt

In value terms, walnut production reduced modestly to $X in 2022 estimated in export price. In general, production, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

In 2022, the average walnut yield in Egypt amounted to X tons per ha, therefore, remained relatively stable against 2021. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha; afterwards, it flattened through to 2022. 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 Egypt; remaining stable against the year before. In general, the harvested area, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to walnut production reached the maximum at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

Walnut Exports

Exports from Egypt

In 2022, approx. X tons of walnuts were exported from Egypt; declining by X% compared with the year before. Over the period under review, exports showed a significant decline. The exports peaked at X tons in 2021, and then dropped sharply in the following year.

In value terms, walnut exports fell notably to $X in 2022. In general, exports saw a significant curtailment. Over the period under review, the exports hit record highs at $X in 2021, and then shrank markedly in the following year.

Exports by Country

Luxembourg (X tons) was the main destination for walnut exports from Egypt, accounting for a approx. X% share of total exports.

From 2021 to 2022, the average annual rate of growth in terms of volume to Luxembourg stood at X%.

In value terms, Luxembourg ($X) also remains the key foreign market for walnuts exports from Egypt.

From 2021 to 2022, the average annual rate of growth in terms of value to Luxembourg amounted to X%.

Export Prices by Country

The average walnut export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, export price indicated a significant expansion from 2021 to 2022: its price increased at an average annual rate of X% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Luxembourg.

From 2021 to 2022, the rate of growth in terms of prices for Luxembourg amounted to X% per year.

Walnut Imports

Imports into Egypt

For the fifth year in a row, Egypt recorded growth in purchases abroad of walnuts, which increased by X% to X tons in 2022. In general, imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, walnut imports expanded rapidly to $X in 2022. Over the period under review, imports recorded a prominent increase. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest walnut supplier to Egypt, with a X% share of total imports. Moreover, walnut imports from the United States exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), ninefold. The third position in this ranking was held by Lebanon (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and Lebanon (X% per year).

In value terms, the United States ($X) constituted the largest supplier of walnuts to Egypt, comprising X% of total imports. The second position in the ranking was held by Bulgaria ($X), with a X% share of total imports. It was followed by Lebanon, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and Lebanon (X% per year).

Import Prices by Country

In 2022, the average walnut import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, recorded a perceptible contraction. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Bulgaria ($X per ton) and Lebanon ($X per ton), while the price for China ($X per ton) and Chile ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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