Slovakia: Walnut Market 2024

Walnut Market Size in Slovakia

After two years of growth, the Slovak walnut market decreased by X% to $X in 2022. Overall, consumption, however, continues to indicate mild growth. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Walnut Production in Slovakia

In value terms, walnut production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a moderate increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of walnuts in Slovakia shrank to X kg per ha, reducing by X% against 2021 figures. Over the period under review, 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 2021 when the yield increased by X%. The walnut yield peaked at X tons per ha in 2019; however, from 2020 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 Slovakia; increasing by X% on 2021 figures. Over the period under review, the harvested area, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2020 with an increase of X%. 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 remained at a lower figure.

Walnut Exports

Exports from Slovakia

In 2022, overseas shipments of walnuts decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports saw a pronounced downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, walnut exports contracted notably to $X in 2022. Over the period under review, exports showed a abrupt setback. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for walnut exports from Slovakia, accounting for a X% share of total exports. Moreover, walnut exports to Germany exceeded the volume sent to the second major destination, Romania (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and the Czech Republic (X% per year).

In value terms, Germany ($X) remains the key foreign market for walnuts exports from Slovakia, comprising X% of total exports. The second position in the ranking was taken by Romania ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

In 2022, the average walnut export price amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price saw a perceptible setback. The pace of growth appeared the most rapid in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Romania ($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 the Czech Republic (X%), while the prices for the other major destinations experienced a decline.

Walnut Imports

Imports into Slovakia

After three years of growth, purchases abroad of walnuts decreased by X% to X tons in 2022. Overall, imports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, walnut imports contracted markedly to $X in 2022. Over the period under review, imports showed a perceptible downturn. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Greece (X tons), Hungary (X tons) and Croatia (X tons) were the main suppliers of walnut imports to Slovakia, with a combined X% share of total imports. The United States, Spain and Moldova lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest walnut suppliers to Slovakia were Greece ($X), Hungary ($X) and Croatia ($X), with a combined X% share of total imports. The United States, Spain and Moldova lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average walnut import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, recorded a slight setback. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Croatia ($X per ton), while the price for Moldova ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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