Middle East: Walnut Market 2024

Walnut Market Size in the Middle East

After three years of growth, the Middle Eastern walnut market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2021, and then shrank in the following year.

Walnut Production in the Middle East

In value terms, walnut production expanded slightly to $X in 2022 estimated in export price. Overall, production recorded a slight contraction. The growth pace was the most rapid in 2014 when the production volume increased by X%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Iran (X tons), Turkey (X tons) and Syrian Arab Republic (X tons), together accounting for X% of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Turkey (with a CAGR of X%), while production for the other leaders experienced mixed trends in the production figures.

In 2022, the average yield of walnuts in the Middle East shrank slightly to X tons per ha, which is down by X% compared with the previous year. The yield indicated a temperate increase 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 yield increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2018 to 2022, the growth of the walnut yield remained 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 total area harvested in terms of walnuts production in the Middle East shrank to X ha, remaining constant against the previous year. In general, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to walnut production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

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Walnut Exports

Exports in the Middle East

In 2022, the amount of walnuts exported in the Middle East surged to X tons, rising by X% on the previous year's figure. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, walnut exports soared to $X in 2022. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates was the largest exporter of walnuts in the Middle East, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Turkey (X tons), comprising a X% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the walnuts exports, with a CAGR of X% from 2012 to 2022. At the same time, Turkey (X%) displayed positive paces of growth. While the share of the United Arab Emirates (X p.p.) and Turkey (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) emerged as the largest walnut supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports.

In the United Arab Emirates, walnut exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Walnut Imports

Imports in the Middle East

Walnut imports totaled X tons in 2022, stabilizing at the year before. In general, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, walnut imports totaled $X in 2022. Over the period under review, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) and the United Arab Emirates (X tons) represented the major importers of walnuts in the Middle East, together accounting for near X% of total imports. It was distantly followed by Iran (X tons) and Iraq (X tons), together mixing up a X% share of total imports. The following importers - Syrian Arab Republic (X tons) and Lebanon (X tons) - each resulted at a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the United Arab Emirates (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest walnut importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Iran ($X), with a combined X% share of total imports. Iraq, Syrian Arab Republic and Lebanon lagged somewhat behind, together comprising a further X%.

Syrian Arab Republic, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The import price in the Middle East stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the import price showed a perceptible descent. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Iran ($X per ton) and Iraq ($X per ton), while Lebanon ($X per ton) and Syrian Arab Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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