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World - Walnuts - Market Analysis, Forecast, Size, Trends and Insights
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Global Walnut Market Overview 2021

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Walnut Market Size

In 2020, the global walnut market was finally on the rise to reach $X after two years of decline. Overall, consumption posted resilient growth. The pace of growth appeared the most rapid in 2011 when the market value increased by X% against the previous year. Global consumption peaked at $X in 2017; however, from 2018 to 2020, consumption stood at a somewhat lower figure.

Walnut Production

In value terms, walnut production reached $X in 2020 estimated in export prices. Over the period under review, production recorded a buoyant increase. The pace of growth appeared the most rapid in 2011 when the production volume increased by X% against the previous year. Global production peaked at $X in 2015; however, from 2016 to 2020, production stood at a somewhat lower figure.

The country with the largest volume of walnut production was China (X tonnes), comprising approx. X% of total volume. Moreover, walnut production in China exceeded the figures recorded by the second-largest producer, the U.S. (X tonnes), fourfold. The third position in this ranking was occupied by Iran (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume in China totaled +X%. In the other countries, the average annual rates were as follows: the U.S. (+X% per year) and Iran (+X% per year).

In 2020, the global average walnut yield declined slightly to X tonnes per ha, remaining constant against 2019 figures. The yield figure increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2012 when the yield increased by X% year-to-year. The global yield peaked at X tonnes per ha in 2017; however, from 2018 to 2020, the 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.

The global walnut harvested area stood at X ha in 2020, with an increase of X% compared with 2019. In general, the total harvested area indicated a noticeable increase from 2007 to 2020: its figure increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, walnut harvested area increased by +X% against 2013 indices. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, the harvested area dedicated to walnut production reached the maximum in 2020 and is expected to retain growth in the immediate term.

Production By Country

China (X tonnes) constituted the country with the largest volume of walnut production, comprising approx. X% of total volume. Moreover, walnut production in China exceeded the figures recorded by the second-largest producer, the U.S. (X tonnes), fourfold. The third position in this ranking was occupied by Iran (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in China stood at +X%. In the other countries, the average annual rates were as follows: the U.S. (+X% per year) and Iran (+X% per year).

Walnut Exports

Exports

For the third year in a row, the global market recorded growth in shipments abroad of walnuts, which increased by X% to X tonnes in 2020. In general, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. Global exports peaked in 2020 and are likely to see steady growth in years to come.

In value terms, walnut exports expanded slightly to $X in 2020. Overall, exports showed buoyant growth. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Over the period under review, global exports reached the peak figure in 2020 and are likely to see gradual growth in the near future.

Exports by Country

The U.S. was the major exporter of walnuts in the world, with the volume of exports reaching X tonnes, which was approx. X% of total exports in 2020. It was distantly followed by China (X tonnes), Chile (X tonnes), Mexico (X tonnes), France (X tonnes) and Ukraine (X tonnes), together comprising a X% share of total exports. Uzbekistan (X tonnes) occupied a minor share of total exports.

From 2007 to 2020, average annual rates of growth with regard to walnut exports from the U.S. stood at +X%. At the same time, China (+X%), Chile (+X%), Uzbekistan (+X%), Ukraine (+X%) and Mexico (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2020. France experienced a relatively flat trend pattern. While the share of China (+X p.p.) and Chile (+X p.p.) increased significantly in terms of the global exports from 2007-2020, the share of Mexico (-X p.p.), France (-X p.p.) and the U.S. (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) remains the largest walnut supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of global exports. It was followed by China, with a X% share.

In the U.S., walnut exports expanded at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Mexico (+X% per year) and China (+X% per year).

Export Prices by Country

The average walnut export price stood at $X per tonne in 2020, remaining relatively unchanged against the previous year. Over the period under review, export price indicated mild growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, walnut export price decreased by -X% against 2016 indices. The growth pace was the most rapid in 2011 an increase of X% year-to-year. Over the period under review, average export prices attained the maximum at $X per tonne in 2014; however, from 2015 to 2020, export prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Walnut Imports

Imports

In 2020, approx. X tonnes of walnuts were imported worldwide; surging by X% compared with the previous year. Overall, imports showed a buoyant increase. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. Over the period under review, global imports attained the peak figure in 2020 and are expected to retain growth in years to come.

In value terms, walnut imports reached $X in 2020. In general, imports saw strong growth. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. Global imports peaked in 2020 and are likely to continue growth in years to come.

Imports by Country

The countries with the highest levels of walnut imports in 2020 were Turkey (X tonnes), the United Arab Emirates (X tonnes), Italy (X tonnes), Kyrgyzstan (X tonnes), Mexico (X tonnes) and the U.S. (X tonnes), together finishing at X% of total import. The following importers - India (X tonnes), Spain (X tonnes), Morocco (X tonnes), Germany (X tonnes) and Russia (X tonnes) - together made up X% of total imports.

From 2007 to 2020, the biggest increases were in Kyrgyzstan (+X% per year), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest walnut importing markets worldwide were Turkey ($X), the United Arab Emirates ($X) and Italy ($X), together accounting for X% of global imports. Mexico, the U.S., Kyrgyzstan, Spain, India, Germany, Morocco and Russia lagged somewhat behind, together accounting for a further X the main importing countries, Kyrgyzstan (+X% per year) 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

In 2020, the average walnut import price amounted to $X per tonne, picking up by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% year-to-year. Over the period under review, average import prices attained the maximum at $X per tonne in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Kyrgyzstan, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for walnuts in the world?
+
The country with the largest volume of walnut consumption was China (2.5M tonnes), accounting for 54% of total volume. Moreover, walnut consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (468K tonnes), fivefold. Iran (340K tonnes) ranked third in terms of total consumption with a 7.4% share.
What are the largest producers of walnuts in the world?
+
China (2.6M tonnes) remains the largest walnut producing country worldwide, accounting for 55% of total volume. Moreover, walnut production in China exceeded the figures recorded by the second-largest producer, the U.S. (593K tonnes), fourfold. Iran (340K tonnes) ranked third in terms of total production with a 7.3% share.
What are the leading exporters of walnuts in the world?
+
In value terms, the U.S. ($506M) remains the largest walnut supplier worldwide, comprising 37% of global exports. The second position in the ranking was occupied by Mexico ($240M), with a 17% share of global exports. It was followed by China, with a 16% share.
What are the leading importers of walnuts in the world?
+
In value terms, Turkey ($220M), the United Arab Emirates ($164M) and Italy ($153M) were the countries with the highest levels of imports in 2020, together comprising 42% of global imports. Mexico, the U.S., Kyrgyzstan, Spain, India, Germany, Morocco and Russia lagged somewhat behind, together accounting for a further 46%.
What is the average export price for walnuts in the world?
+
The average walnut export price stood at $3,088 per tonne in 2020, remaining stable against the previous year.
What is the average import price for walnuts in the world?
+
The average walnut import price stood at $3,115 per tonne in 2020, surging by 1.6% against the previous year.

Product coverage:
• FCL 222 - Walnuts

This report provides an in-depth analysis of the global walnut market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Harvested Area, By Country, 2007–2020
Table 7:
Yield, By Country, 2007–2020
Table 8:
Imports, In Physical Terms, By Country, 2007–2020
Table 9:
Imports, In Value Terms, By Country, 2007–2020
Table 10:
Import Prices, By Country Of Destination, 2007–2020
Table 11:
Exports, In Physical Terms, By Country, 2007–2020
Table 12:
Exports, In Value Terms, By Country, 2007–2020
Table 13:
Export Prices, By Country Of Origin, 2007–2020
Table 14:
Producer Prices, By Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2020
Figure 18:
Production, In Value Terms, 2007–2020
Figure 19:
Area Harvested, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, By Country, 2020
Figure 22:
Production, In Physical Terms, By Country, 2007–2020
Figure 23:
Harvested Area, By Country, 2020
Figure 24:
Harvested Area, By Country, 2007–2020
Figure 25:
Yield, By Country, 2007–2020
Figure 26:
Imports, In Physical Terms, 2007–2020
Figure 27:
Imports, In Value Terms, 2007–2020
Figure 28:
Imports, In Physical Terms, By Country, 2020
Figure 29:
Imports, In Physical Terms, By Country, 2007–2020
Figure 30:
Imports, In Value Terms, By Country, 2007–2020
Figure 31:
Import Prices, By Country, 2007–2020
Figure 32:
Exports, In Physical Terms, 2007–2020
Figure 33:
Exports, In Value Terms, 2007–2020
Figure 34:
Exports, In Physical Terms, By Country, 2020
Figure 35:
Exports, In Physical Terms, By Country, 2007–2020
Figure 36:
Exports, In Value Terms, By Country, 2007–2020
Figure 37:
Export Prices, 2007–2020

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