EU: Walnut Market 2024

Walnut Market Size in the EU

In 2022, the EU walnut market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Walnut Production in the EU

In value terms, walnut production expanded modestly to $X in 2022 estimated in export price. In general, production recorded a mild downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Romania (X tons), Greece (X tons) and France (X tons), together accounting for X% of total production.

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

The average walnut yield contracted to X tons per ha in 2022, with a decrease of X% on 2021. Overall, the yield showed a mild setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the walnut yield attained the peak level at X tons per ha in 2015; however, from 2016 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, approx. X ha of walnuts were harvested in the European Union; remaining relatively unchanged against the previous year's figure. The total harvested area indicated measured 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 decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 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 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

Walnut Exports

Exports in the EU

In 2022, the amount of walnuts exported in the European Union shrank to X tons, which is down by X% on the year before. Overall, exports showed a slight setback. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, walnut exports dropped notably to $X in 2022. Over the period under review, exports saw a noticeable decrease. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

France was the key exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Belgium (X tons) and the Netherlands (X tons), together mixing up a X% share of total exports. Spain (X tons), Poland (X tons), Italy (X tons) and Portugal (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to walnut exports from France stood at X%. At the same time, Portugal (X%), Belgium (X%), the Netherlands (X%) and Poland (X%) displayed positive paces of growth. Moreover, Portugal emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. Spain experienced a relatively flat trend pattern. By contrast, Italy (X%) illustrated a downward trend over the same period. While the share of Belgium (X p.p.), the Netherlands (X p.p.), Poland (X p.p.) and Portugal (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of France (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) remains the largest walnut supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Belgium, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in France stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, which is down by X% against the previous year. Overall, the export price showed a pronounced reduction. The growth pace was the most rapid in 2014 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

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

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

Walnut Imports

Imports in the EU

In 2022, imports of walnuts in the European Union declined to X tons, dropping by X% compared with the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, walnut imports contracted rapidly to $X in 2022. Over the period under review, imports continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Italy represented the largest importing country with an import of about X tons, which finished at X% of total imports. It was distantly followed by Spain (X tons), Germany (X tons), the Netherlands (X tons), Belgium (X tons) and Romania (X tons), together comprising a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to walnut imports into Italy stood at X%. At the same time, Romania (X%), Belgium (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. Germany experienced a relatively flat trend pattern. By contrast, Spain (X%) illustrated a downward trend over the same period. Belgium (X p.p.), Romania (X p.p.) and the Netherlands (X p.p.) significantly strengthened its position in terms of the total imports, while Germany and Spain 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, Italy ($X) constitutes the largest market for imported walnuts in the European Union, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Italy stood at X%. In the other countries, the average annual rates were as follows: Spain (X% per year) and Germany (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, waning by X% against the previous year. In general, the import price recorded a noticeable decline. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 the Netherlands ($X per ton), while Romania ($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 a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :