Turkey: Walnut Market 2023

Walnut Market Size in Turkey

After two years of decline, the Turkish walnut market increased by 3.8% to $X in 2021. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Walnut Production in Turkey

In value terms, walnut production shrank modestly to $X in 2021 estimated in export price. Overall, production continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2013 when the production volume increased by 31% against the previous year. Walnut production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

In 2021, the average walnut yield in Turkey expanded notably to X tons per ha, picking up by 5.3% compared with the previous year. Over the period under review, the yield, however, recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2013 when the yield increased by 63% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2014 to 2021, the growth of the average walnut 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 2021, approx. X ha of walnuts were harvested in Turkey; waning by -6.1% against the previous year's figure. Overall, the harvested area, however, enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2018 when the harvested area increased by 21% against the previous year. The walnut harvested area peaked at X ha in 2020, and then fell in the following year.

Walnut Exports

Exports from Turkey

In 2021, approx. X tons of walnuts were exported from Turkey; reducing by -3.1% against 2020 figures. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 198,337% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, walnut exports fell significantly to $X in 2021. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 137,601%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Iraq (X tons) was the main destination for walnut exports from Turkey, with a 54% share of total exports. Moreover, walnut exports to Iraq exceeded the volume sent to the second major destination, Azerbaijan (X tons), threefold. Morocco (X tons) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iraq totaled +272.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+140.7% per year) and Morocco (+52.8% per year).

In value terms, Iraq ($X) remains the key foreign market for walnut exports from Turkey, comprising 54% of total exports. The second position in the ranking was taken by Azerbaijan ($X), with a 20% share of total exports. It was followed by Morocco, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Iraq totaled +225.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+115.7% per year) and Morocco (+49.6% per year).

Export Prices by Country

The average walnut export price stood at $X per ton in 2021, waning by -18.9% against the previous year. Over the period under review, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 26%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, the highest price was recorded for prices to Algeria ($X per ton) and Morocco ($X per ton), while the average price for exports to Tunisia ($X per ton) and Azerbaijan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+0.4%), while the prices for the other major destinations experienced a decline.

Walnut Imports

Imports into Turkey

In 2021, imports of walnuts into Turkey soared to X tons, picking up by 28% compared with the previous year. In general, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2015 with an increase of 81%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, walnut imports expanded remarkably to $X in 2021. Overall, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2015 when imports increased by 43% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Chile (X tons) and China (X tons) were the main suppliers of walnut imports to Turkey, with a combined 83% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +121.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest walnut suppliers to Turkey were the United States ($X), Chile ($X) and China ($X), with a combined 93% share of total imports.

China, with a CAGR of +122.8%, saw 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 2021, the average walnut import price amounted to $X per ton, falling by -15.3% against the previous year. In general, the import price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by 23% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Chile ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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