Saudi Arabia: Shelled Walnut Market 2024

Shelled Walnut Market Size in Saudi Arabia

The Saudi shelled walnut market reached $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption, however, enjoyed resilient growth. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Shelled Walnut Production in Saudi Arabia

In value terms, shelled walnut production dropped to $X in 2022 estimated in export price. Over the period under review, production posted a notable increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Shelled Walnut Exports

Exports from Saudi Arabia

In 2022, the amount of shelled walnuts exported from Saudi Arabia rose modestly to X tons, surging by X% against the previous year's figure. Overall, exports, however, faced a deep setback. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, shelled walnut exports totaled $X in 2022. In general, exports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Oman (X tons) was the main destination for shelled walnut exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, shelled walnut exports to Oman exceeded the volume sent to the second major destination, Jordan (X tons), tenfold.

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

In value terms, Oman ($X) emerged as the key foreign market for shelled walnuts exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was taken by Jordan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Oman was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (X% per year) and Bahrain (X% per year).

Export Prices by Country

The average shelled walnut export price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the export price showed a perceptible descent. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the 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 Bahrain ($X per ton), while the average price for exports to Jordan ($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 Bahrain (X%), while the prices for the other major destinations experienced a decline.

Shelled Walnut Imports

Imports into Saudi Arabia

In 2022, purchases abroad of shelled walnuts decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2021, and then shrank in the following year.

In value terms, shelled walnut imports reached $X in 2022. Overall, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the United States (X tons) and the United Arab Emirates (X tons) were the main suppliers of shelled walnut imports to Saudi Arabia, with a combined X% share of total imports.

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

In value terms, the largest shelled walnut suppliers to Saudi Arabia were China ($X), the United States ($X) and the United Arab Emirates ($X), with a combined X% share of total imports.

Among the main suppliers, the United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average shelled walnut import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price, however, recorded a mild downturn. The growth pace was the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Ukraine ($X per ton) was 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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