U.S.: Nuts Market Overview 2021

Nuts Market Size in the U.S.

In 2019, the U.S. nuts market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2015; afterwards, it flattened through to 2019.

Nuts Production in the U.S.

In value terms, nuts production expanded notably to $X in 2019. The total output value increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% y-o-y. Nuts production peaked in 2019 and is likely to see gradual growth in the near future.

Nuts Exports

Exports from the U.S.

In 2019, after three years of growth, there was significant decline in overseas shipments of nuts (prepared or preserved), when their volume decreased by -X% to X tonnes. In general, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at X tonnes in 2018, and then fell in the following year.

In value terms, nuts exports shrank to $X in 2019. Over the period under review, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Exports peaked at $X in 2018, and then reduced in the following year.

Exports by Country

Canada (X tonnes) was the main destination for nuts exports from the U.S., with a X% share of total exports. Moreover, nuts exports to Canada exceeded the volume sent to the second major destination, Mexico (X tonnes), twofold. The third position in this ranking was occupied by China (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Canada amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-X% per year) and China (+X% per year).

In value terms, Canada ($X) remains the key foreign market for nuts exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Canada stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-X% per year) and China (+X% per year).

Export Prices by Country

The average nuts export price stood at $X per tonne in 2019, picking up by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 an increase of X% year-to-year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2015; however, from 2016 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per tonne), while the average price for exports to Russia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Mexico, while the prices for the other major destinations experienced more modest paces of growth.

Nuts Imports

Imports into the U.S.

In 2019, nuts imports into the U.S. declined to X tonnes, waning by -X% against the year before. Overall, imports, however, posted buoyant growth. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at X tonnes in 2018, and then reduced in the following year.

In value terms, nuts imports reduced to $X in 2019. In general, imports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

Thailand (X tonnes), Canada (X tonnes) and Viet Nam (X tonnes) were the main suppliers of nuts imports to the U.S., with a combined X% share of total imports. These countries were followed by Israel, the Philippines, Mexico, China, Lebanon, Turkey, Sri Lanka, India and Spain, which together accounted for a further X 2007 to 2019, the biggest increases were in Sri Lanka, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest nuts suppliers to the U.S. were Canada ($X), Thailand ($X) and Viet Nam ($X), with a combined X% share of total imports. These countries were followed by Israel, Mexico, the Philippines, Spain, India, Turkey, China, Lebanon and Sri Lanka, which together accounted for a further X Lanka recorded the highest growth rate of the value of imports, among 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 2019, the average nuts import price amounted to $X per tonne, rising by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% y-o-y. The import price peaked in 2019 and is expected to retain growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Spain ($X per tonne), while the price for Sri Lanka ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Canada, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nuts (prepared or preserved) in the world?

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The countries with the highest volumes of nuts consumption in 2019 were China (1.3M tonnes), the U.S. (711K tonnes) and Turkey (637K tonnes), with a combined 28% share of global consumption. These countries were followed by India, Japan, Pakistan, Russia, Brazil, Indonesia, Italy, Bangladesh, France and Mexico, which together accounted for a further 29%.

What are the largest producers of nuts (prepared or preserved) in the world?

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The countries with the highest volumes of nuts production in 2019 were China (1.4M tonnes), Turkey (766K tonnes) and the U.S. (757K tonnes), together comprising 31% of global production. India, Russia, Pakistan, Japan, Brazil, Indonesia, Italy, Bangladesh, Mexico and France lagged somewhat behind, together comprising a further 29%.

What are the leading suppliers of nuts (prepared or preserved) to the U.S.?

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In value terms, Canada ($103M), Thailand ($77M) and Viet Nam ($61M) were the largest nuts suppliers to the U.S., together accounting for 50% of total imports. These countries were followed by Israel, Mexico, the Philippines, Spain, India, Turkey, China, Lebanon and Sri Lanka, which together accounted for a further 40%.

What are the leading importers of nuts (prepared or preserved) from the U.S.?

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In value terms, Canada ($273M) remains the key foreign market for nuts exports from the U.S., comprising 38% of total exports. The second position in the ranking was occupied by Mexico ($65M), with a 9.1% share of total exports. It was followed by China, with a 8.5% share.

What is the average export price for nuts (prepared or preserved) in the U.S.?

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In 2019, the average nuts export price amounted to $5,339 per tonne, growing by 4% against the previous year.

What is the average import price for nuts (prepared or preserved) in the U.S.?

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The average nuts import price stood at $5,419 per tonne in 2019, rising by 7.1% against the previous year.