Uzbekistan: Walnut Market 2024

Walnut Market Size in Uzbekistan

The Uzbek walnut market contracted slightly to $X in 2022, reducing by X% against the previous year. Overall, the total consumption indicated a pronounced increase 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 decreased by X% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Walnut Production in Uzbekistan

In value terms, walnut production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a mild increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

The average yield of walnuts in Uzbekistan reduced modestly to X tons per ha in 2022, almost unchanged from 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha. From 2014 to 2022, the growth of the average walnut yield remained 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, the total area harvested in terms of walnuts production in Uzbekistan fell slightly to X ha, approximately mirroring 2021 figures. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the harvested area increased by X%. The walnut harvested area peaked at X ha in 2015; however, from 2016 to 2022, the harvested area remained at a lower figure.

Walnut Exports

Exports from Uzbekistan

In 2022, exports of walnuts from Uzbekistan dropped sharply to X tons, falling by X% compared with the year before. Overall, exports recorded a sharp decrease. The smallest decline of X% was in 2019. Over the period under review, the exports attained 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 rapidly to $X in 2022. Over the period under review, exports continue to indicate a sharp contraction. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkmenistan (X tons) was the main destination for walnut exports from Uzbekistan, accounting for a X% share of total exports. Moreover, walnut exports to Turkmenistan exceeded the volume sent to the second major destination, Kazakhstan (X tons), more than tenfold. Russia (X tons) ranked third in terms of total exports with a X% share.

From 2017 to 2022, the average annual growth rate of volume to Turkmenistan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Russia (X% per year).

In value terms, Turkmenistan ($X) emerged as the key foreign market for walnuts exports from Uzbekistan, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

From 2017 to 2022, the average annual rate of growth in terms of value to Turkmenistan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Russia (X% per year).

Export Prices by Country

In 2022, the average walnut export price amounted to $X per ton, declining by X% against the previous year. Overall, export price indicated prominent growth from 2017 to 2022: its price increased at an average annual rate of X% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, walnut export price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Walnut Imports

Imports into Uzbekistan

Walnut imports into Uzbekistan skyrocketed to X tons in 2022, picking up by X% against the year before. Over the period under review, imports saw a significant increase. 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 hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, walnut imports soared to $X in 2022. Overall, imports recorded a significant increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Kyrgyzstan (X tons), China (X tons) and Turkey (X tons) were the main suppliers of walnut imports to Uzbekistan.

From 2017 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest walnut suppliers to Uzbekistan were Kyrgyzstan ($X), China ($X) and Turkey ($X).

Among the main suppliers, China, with a CAGR of X%, saw the highest rates of growth with regard to 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 walnut import price stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price, however, continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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