Egypt: Walnut Market Overview 2021

Walnut Market Size in Egypt

In 2019, the Egyptian walnut market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, recorded a tangible expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2019, consumption failed to regain the momentum.

Walnut Production in Egypt

In value terms, walnut production declined slightly to $X in 2019 estimated in export prices. Overall, production showed resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2019, production stood at a somewhat lower figure.

In 2019, the average walnut yield in Egypt dropped slightly to X tonnes per ha, leveling off at 2018. In general, the yield recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the yield increased by X% y-o-y. Over the period under review, the average walnut yield reached the peak level at X tonnes per ha in 2008; however, from 2009 to 2019, 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 2019, the harvested area of walnuts in Egypt dropped to X ha, approximately mirroring the year before. Overall, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when the harvested area increased by X% against the previous year. The walnut harvested area peaked at X ha in 2007; however, from 2008 to 2019, the harvested area stood at a somewhat lower figure.

Walnut Exports

Exports from Egypt

For the fifth consecutive year, Egypt recorded decline in shipments abroad of walnuts, which decreased by -X% to X tonnes in 2019. Over the period under review, exports recorded a dramatic decrease. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports remained at a lower figure.

In value terms, walnut exports fell rapidly to $X in 2019. In general, exports recorded a abrupt slump. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, exports reached the peak of $X. From 2015 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

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

From 2007 to 2019, the average annual growth rate of volume to Luxembourg amounted to +X%.

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

From 2007 to 2019, the average annual growth rate of value to Luxembourg totaled +X%.

Export Prices by Country

In 2019, the average walnut export price amounted to $X per tonne, dropping by -X% against the previous year. Overall, the export price, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 an increase of X% y-o-y. The export price peaked at $X per tonne in 2015; however, from 2016 to 2019, export prices failed to regain the momentum.

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

From 2007 to 2019, the rate of growth in terms of prices for Luxembourg amounted to -X% per year.

Walnut Imports

Imports into Egypt

In 2019, overseas purchases of walnuts increased by X% to X tonnes, rising for the second consecutive year after three years of decline. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. Imports peaked in 2019 and are expected to retain growth in years to come.

In value terms, walnut imports skyrocketed to $X in 2019. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Over the period under review, imports hit record highs in 2019 and are expected to retain growth in years to come.

Imports by Country

In 2019, the U.S. (X tonnes) constituted the largest walnut supplier to Egypt, accounting for a X% share of total imports. Moreover, walnut imports from the U.S. exceeded the figures recorded by the second-largest supplier, Chile (X tonnes), fivefold. The United Arab Emirates (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from the U.S. amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+X% per year) and the United Arab Emirates (+X% per year).

In value terms, the U.S. ($X) constituted the largest supplier of walnut to Egypt, comprising X% of total imports. The second position in the ranking was occupied by Chile ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from the U.S. amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+X% per year) and the United Arab Emirates (-X% per year).

Import Prices by Country

The average walnut import price stood at $X per tonne in 2019, reducing by -X% against the previous year. Over the period under review, import price indicated a mild increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, walnut import price decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. As a result, import price attained the peak level of $X per tonne. From 2016 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Spain ($X per tonne), while the price for the United Arab Emirates ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Chile, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for walnuts in the world?

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The country with the largest volume of walnut consumption was China (2.5M tonnes), accounting for 56% of total volume. Moreover, walnut consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (469K tonnes), fivefold. The third position in this ranking was occupied by Iran (338K tonnes), with a 7.4% share.

What are the largest producers of walnuts in the world?

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China (2.5M tonnes) remains the largest walnut producing country worldwide, accounting for 55% of total volume. Moreover, walnut production in China exceeded the figures recorded by the second-largest producer, the U.S. (592K tonnes), fourfold. Iran (321K tonnes) ranked third in terms of total production with a 7% share.

What are the leading suppliers of walnuts to Egypt?

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In value terms, the U.S. ($3.9M) constituted the largest supplier of walnut to Egypt, comprising 77% of total imports. The second position in the ranking was occupied by Chile ($882K), with a 18% share of total imports. It was followed by the United Arab Emirates, with a 2.1% share.

What are the leading importers of walnuts from Egypt?

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In value terms, Luxembourg ($16K) remains the key foreign market for walnut exports from Egypt.

What is the average export price for walnuts in Egypt?

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In 2019, the average walnut export price amounted to $4,547 per tonne, waning by -3.1% against the previous year.

What is the average import price for walnuts in Egypt?

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In 2019, the average walnut import price amounted to $3,054 per tonne, with a decrease of -17.3% against the previous year.