Global Nuts Market 2024

Nuts Market Size

For the sixth consecutive year, the global nuts market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market attained the peak level in 2022 and is likely to see steady growth in the near future.

Nuts Production

In value terms, nuts production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Global production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were the United States (X tons), China (X tons) and India (X tons), with a combined X% share of global production. Turkey, Cote d'Ivoire, Iran, Ghana, Nigeria, Spain, Indonesia, Vietnam, Tanzania and Bangladesh lagged somewhat behind, together accounting for a further X%.

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

In 2022, the global average nuts yield reached X tons per ha, remaining relatively unchanged against the previous year's figure. Overall, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha; afterwards, it flattened through to 2022. 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 nuts production worldwide shrank slightly to X ha, falling by X% on 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 consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the harvested area increased by X%. The global harvested area peaked at X ha in 2021, and then fell slightly in the following year.

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Nuts Exports

Exports

In 2022, approx. X tons of nuts were exported worldwide; which is down by X% on 2021. The total export volume 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 growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then fell in the following year.

In value terms, nuts exports declined significantly to $X in 2022. The total export value 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 growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the global exports attained the maximum at $X in 2021, and then declined sharply in the following year.

Exports by Country

Cote d'Ivoire (X tons) and the United States (X tons) represented roughly X% of total exports in 2022. Ghana (X tons) ranks next in terms of the total exports with an X% share, followed by Tanzania (X%) and Indonesia (X%). The following exporters - Nigeria (X tons), China (X tons), Burkina Faso (X tons), Senegal (X tons), Guinea-Bissau (X tons), Chile (X tons), the United Arab Emirates (X tons) and Australia (X tons) - together made up X% of total exports.

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

In value terms, the United States ($X) remains the largest nuts supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of global exports. It was followed by Ghana, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United States stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Ghana (X% per year).

Export Prices by Country

In 2022, the average nuts export price amounted to $X per ton, shrinking by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (X%), while the other global leaders experienced more modest paces of growth.

Nuts Imports

Imports

In 2022, global nuts imports fell to X tons, waning by X% against the previous year's figure. Overall, total imports indicated a strong expansion from 2012 to 2022: its volume 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, imports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then declined in the following year.

In value terms, nuts imports fell sharply to $X in 2022. Over the period under review, total imports indicated a moderate 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. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then reduced notably in the following year.

Imports by Country

India (X tons) and Vietnam (X tons) prevails in imports structure, together committing X% of total imports. It was distantly followed by China (X tons), generating a X% share of total imports. The following importers - Iran (X tons), Turkey (X tons), the United Arab Emirates (X tons) and Italy (X tons) - together made up X% of total imports.

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

In value terms, India ($X), Vietnam ($X) and China ($X) were the countries with the highest levels of imports in 2022, together comprising X% of global imports. Italy, Turkey, the United Arab Emirates and Iran lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Iran, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average nuts import price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price saw a slight curtailment. The growth pace was the most rapid in 2014 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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