Overview of the Global Market for Nuts (Prepared Or Preserved)

Market Size for Nuts (Prepared Or Preserved)

After two years of growth, the global nuts (prepared or preserved) market decreased by -2.5% to $X in 2021. The market value increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at $X in 2020, and then fell slightly in the following year.

Production of Nuts (Prepared Or Preserved)

In value terms, nuts (prepared or preserved) production contracted slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 12% against the previous year. Global production peaked at $X in 2020, and then contracted in the following year.

Exports of Nuts (Prepared Or Preserved)

Exports

In 2021, approx. X tons of nuts (prepared or preserved) were exported worldwide; picking up by 11% on 2020. Overall, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +72.9% against 2012 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 16%. Over the period under review, the global exports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, nuts (prepared or preserved) exports rose markedly to $X in 2021. In general, total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +26.9% against 2015 indices. The pace of growth appeared the most rapid in 2015 with an increase of 16% against the previous year. The global exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

The biggest shipments were from the United States (X tons), Turkey (X tons), China (X tons) and Vietnam (X tons), together amounting to 53% of total export. It was distantly followed by Germany (X tons), achieving a 4.8% share of total exports. The following exporters - Russia (X tons), Spain (X tons), the Netherlands (X tons), Canada (X tons), India (X tons) and Italy (X tons) - together made up 18% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Vietnam (with a CAGR of +35.1%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest nuts (prepared or preserved) supplying countries worldwide were Turkey ($X), the United States ($X) and Vietnam ($X), together comprising 42% of global exports.

Vietnam, with a CAGR of +35.0%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average nuts (prepared or preserved) export price stood at $X per ton in 2021, approximately mirroring the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 10%. The global export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.6%), while the other global leaders experienced more modest paces of growth.

Imports of Nuts (Prepared Or Preserved)

Imports

In 2021, global nuts (prepared or preserved) imports rose rapidly to X tons, with an increase of 11% against the year before. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +82.3% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, nuts (prepared or preserved) imports rose markedly to $X in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +28.0% against 2015 indices. The growth pace was the most rapid in 2014 when imports increased by 16%. Over the period under review, global imports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons) and Germany (X tons) represented the key importers of nuts (prepared or preserved) in 2021, finishing at near 13% and 10% of total imports, respectively. China (X tons) held the next position in the ranking, followed by Canada (X tons) and South Korea (X tons). All these countries together held approx. 18% share of total imports. Japan (X tons), France (X tons), the Netherlands (X tons), Belgium (X tons), the UK (X tons), Kazakhstan (X tons), Poland (X tons) and Australia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +37.3%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and China ($X) were the countries with the highest levels of imports in 2021, with a combined 32% share of global imports.

In terms of the main importing countries, China, with a CAGR of +37.6%, recorded the highest rates of growth with regard to 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 (prepared or preserved) import price stood at $X per ton in 2021, remaining stable against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 9.1% against the previous year. Global import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+2.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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