IndexBox, Inc. has just published a new report “World – Walnuts – Market Analysis, Forecast, Size, Trends, and Insights”. Here is a summary of the report’s key findings.
Walnut Imports
The imports stood at 248K tonnes in 2017, descending by -22.6% against the previous year level. Overall, it indicated a conspicuous expansion from 2007 to 2017: the total imports volume increased at an average annual rate of +3.5% over the last ten years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2017, walnut imports increased by +1.0% against its level of 2015. The pace of growth was the most pronounced in 2016 when import increased by 30% year-to-year. In that year, walnut imports reached its maximum volume of 320K tonnes, falling back in the following year.
In value terms, walnut imports totaled $912M in 2017. Overall, it indicated a prominent increase from 2007 to 2017: the total imports value increased at an average annual rate of +3.5% over the last ten years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2017, walnut imports increased by +2.5% against its level of 2015. Global import peaked of $1.1B in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.
Walnut Imports By Country
Turkey (46K tonnes), and Italy (44K tonnes) represented roughly 36% of total imports of walnuts in 2017. Mexico (22K tonnes) took a 9% share (based on tonnes) of total imports, which put it in second place, followed by the U.S. (8%), Viet Nam (7%), Spain (6%), and Germany (5%). China, Hong Kong SAR (9.3K tonnes), the United Arab Emirates (8.9K tonnes), India (8.5K tonnes), China (5.2K tonnes), and Morocco (3.8K tonnes) followed a long way behind the leaders.
From 2007 to 2017, the most notable growth rate of imports, among the main importing countries, was attained by India (+24.1% per year), while the other global leaders experienced more modest paces of growth.
In value terms, the largest walnut markets worldwide were Italy ($173M), Turkey ($118M), and Mexico ($116M), together accounting for 45% of global imports. These countries were followed by the U.S., Viet Nam, Spain, Germany, the United Arab Emirates, China, Hong Kong SAR, India, China, and Morocco, which together accounted for a further 42%.
India (+71.2% per year) had the highest rates of growth with regard to the imports, among the main importing countries, over the last 10 years, while the other global leaders experienced more modest paces of growth.
Walnut Import Prices By Country
In 2017, the average import price for walnuts amounted to $3,676 per tonne, coming up by 29% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2017 when import price increased by 29% year-to-year. Over the period under review, average import price for walnut attained its maximum level of $4,155 per tonne in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.
There were significant differences in the average import prices among major importing countries. In 2017, the country with the highest import price was the U.S. ($5,854 per tonne), while Turkey ($2,570 per tonne) was among the lowest.
From 2007 to 2017, the most notable growth rate of import prices was attained by India (+37.9% per year), while the other global leaders experienced more modest paces of growth.
Description
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.
Countries coverage: Worldwide – the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries (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) + the largest producing countries.
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