India: Walnut Market 2024

Walnut Market Size in India

In 2022, after two years of growth, there was significant decline in the Indian walnut market, when its value decreased by X% to $X. Over the period under review, consumption, however, enjoyed a strong increase. Over the period under review, the market reached the maximum level at $X in 2021, and then declined in the following year.

Walnut Production in India

In value terms, walnut production rose notably to $X in 2022 estimated in export price. Over the period under review, production saw a slight increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

The average yield of walnuts in India shrank modestly to X tons per ha in 2022, remaining constant against 2021. In general, the yield showed a perceptible descent. The most prominent rate of growth was recorded in 2021 when the yield increased by less than X% against the previous year. The walnut yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield remained at a 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 total area harvested in terms of walnuts production in India stood at X ha, remaining stable against the previous year's figure. In general, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. The walnut harvested area peaked at X ha in 2020; afterwards, it flattened through to 2022.

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Walnut Exports

Exports from India

In 2022, the amount of walnuts exported from India shrank significantly to X tons, with a decrease of X% against the previous year's figure. In general, exports, however, posted measured growth. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, walnut exports fell sharply to $X in 2022. Over the period under review, exports, however, posted moderate growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Algeria (X tons) was the main destination for walnut exports from India, accounting for a X% share of total exports. Moreover, walnut exports to Algeria exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fourfold. Iran (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Algeria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Iran (X% per year).

In value terms, Algeria ($X) emerged as the key foreign market for walnuts exports from India, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Iran, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Algeria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Iran (X% per year).

Export Prices by Country

The average walnut export price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (X%), while the prices for the other major destinations experienced a decline.

Walnut Imports

Imports into India

In 2022, after two years of growth, there was significant decline in supplies from abroad of walnuts, when their volume decreased by X% to X tons. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then shrank sharply in the following year.

In value terms, walnut imports plummeted to $X in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2015 with an increase of X%. Imports peaked at $X in 2021, and then declined markedly in the following year.

Imports by Country

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

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

In value terms, Chile ($X) constituted the largest supplier of walnuts to India, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

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

Import Prices by Country

The average walnut import price stood at $X per ton in 2022, dropping by X% against the previous year. In general, the import price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per ton) and the United Arab Emirates ($X per ton), while the price for Chile ($X per ton) and Australia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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