Southern Asia: Walnut Market 2024

Walnut Market Size in Southern Asia

After three years of growth, the South Asian walnut market decreased by X% to $X in 2022. The total consumption indicated a pronounced expansion from 2012 to 2022: its value 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, consumption increased by X% against 2013 indices. The level of consumption peaked at $X in 2021, and then declined in the following year.

Walnut Production in Southern Asia

In value terms, walnut production stood at $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

India (X tons) constituted the country with the largest volume of walnut production, comprising approx. X% of total volume. Moreover, walnut production in India exceeded the figures recorded by the second-largest producer, Pakistan (X tons), twofold. Afghanistan (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in India totaled X%. The remaining producing countries recorded the following average annual rates of production growth: Pakistan (X% per year) and Afghanistan (X% per year).

In 2022, the average walnut yield in Southern Asia reached X tons per ha, approximately equating the year before. Overall, the yield, however, saw a slight decline. The most prominent rate of growth was recorded in 2019 when the yield increased by X%. The level of yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. 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 Southern Asia; therefore, remained relatively stable against the previous year. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 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 peak figure at X ha in 2021, and then declined modestly in the following year.

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Walnut Exports

Exports in Southern Asia

In 2022, the amount of walnuts exported in Southern Asia contracted notably to X tons, waning by X% on the year before. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 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 stood at a somewhat lower figure.

In value terms, walnut exports declined sharply to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

India dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2022. Pakistan (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the walnuts exports, with a CAGR of X% from 2012 to 2022. Pakistan (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Pakistan (X p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest walnut supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total exports.

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

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2016 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 Pakistan ($X per ton), while India amounted to $X per ton.

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

Walnut Imports

Imports in Southern Asia

In 2022, after three years of growth, there was significant decline in supplies from abroad of walnuts, when their volume decreased by X% to X tons. Overall, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021, and then shrank significantly in the following year.

In value terms, walnut imports shrank dramatically to $X in 2022. Over the period under review, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank sharply in the following year.

Imports by Country

India dominates imports structure, amounting to X tons, which was near X% of total imports in 2022. It was distantly followed by Pakistan (X tons) and Nepal (X tons), together making up a X% share of total imports.

India was also the fastest-growing in terms of the walnuts imports, with a CAGR of X% from 2012 to 2022. At the same time, Pakistan (X%) and Nepal (X%) displayed positive paces of growth. While the share of India (X p.p.) and Pakistan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nepal (X p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported walnuts in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Nepal ($X), with a X% share of total imports.

In India, walnut imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Nepal (X% per year) and Pakistan (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, falling by X% against the previous year. Overall, the import price continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nepal ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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