In-shell walnuts market in Argentina

Earlier Report Observations

The domestic market for in-shell walnuts in Argentina experienced notable shifts in volume from 2018 to 2023. The market size began at 14 219 t in 2018, supported by an industry structure where small, medium, and large producers supplied the local market, with 60-70% of the estimated 20 000 t production staying within the country. However, in 2019, the market contracted sharply to 12 180 t as exports surged to 6 445 t, diverting supply away from domestic consumption.

After a recovery in 2020 and 2021, the market volume reached 14 802 t in 2022. That year, average production losses of 25% in key growing provinces, due to variable weather damage, constrained the total supply available for both export and the local market. This occurred alongside firm global demand, which influenced internal prices and trade flows.

In 2023, drought and late frosts in Mendoza's productive zones caused an estimated harvest shortfall, contributing to a reduced market size of 12 611 t as exports simultaneously rose. By 2024, the industry introduced new Chandler walnut products to promote healthy consumption, aiming to bolster domestic demand.

Production in-shell walnuts in Argentina

In kind, 2017-2020, t

Globally, Argentina ranked as the 15th largest producer of in-shell walnuts during the period from 2017 to 2020.

Top producers of in-shell walnuts, 2017-2020

World map of production of in-shell walnuts, 2017-2020

In 2020, Argentina produced 18 483 tonnes of in-shell walnuts, representing a slight decrease of 0.8% compared to 2019. Production peaked in 2019 at 18 625 tonnes, which also saw the largest annual increase of 1.2%.

Annual dynamics of production in Argentina in kind, 2017-2020, t

In value, 2017-2020, K $ US

In-shell walnut production in Argentina declined for the third consecutive year. In 2020, the output was valued at 44 564 thousand US dollars, marking a modest decline of 1.9% from the previous year. From 2017 to 2020, production fell by 32.4%, averaging an annual decrease of 12.2%.

Annual dynamics of production in Argentina in value, 2017-2020, K $ US

Exports in-shell walnuts from Argentina

Exports in kind, t

After two years of growth, Argentina's exports of in-shell walnuts declined. In 2020, exports totaled 4 808 tonnes, a 25.4% drop from the previous year. Over the 2017-2020 period, exports increased by 60.9%, with a compound annual growth rate of 17.2%. The highest export volume was recorded in 2019 at 6 445 tonnes, which also experienced the largest annual increase of 52.0%.

Annual dynamics of product's exports from Argentina in kind, 2017-2020, t

From 2017 to 2020, Italy, Turkey, and the United Arab Emirates remained the primary buyers of in-shell walnuts from Argentina, accounting for 47.4%, 19.5%, and 16.2% of exports in volume, respectively. Together, they represented 83.1% of total exports.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Argentina in kind, 2017-2020

Exports in value, K $ US

Following two years of growth, the value of in-shell walnut exports from Argentina declined. In 2020, exports amounted to 11 592 thousand US dollars, a 26.3% decrease from 2019. Between 2017 and 2020, exports increased by 8.4%, with an average annual growth rate of 2.7%. The peak value was recorded in 2019 at 15 725 thousand US dollars, while the largest annual increase occurred in 2018 at 25.1%.

Annual dynamics of product's exports from Argentina in value, 2017-2020, K $ US

Throughout 2017-2020, Italy, Turkey, and the United Arab Emirates formed the core of Argentina's in-shell walnut exports by value, with shares of 50.8%, 16.6%, and 16.1%, respectively. Collectively, they accounted for 83.4% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Argentina in value, 2017-2020

Imports in-shell walnuts to Argentina

Imports in kind, t

The market for in-shell walnut imports into Argentina showed significant volatility during this period. Imports reached their lowest point in 2019 at just 1 tonne, then surged to 72 tonnes in 2020, representing an increase of 10 550.2% from the previous year. This resulted in a 107-fold difference between the minimum in 2019 and the maximum in 2020. The largest annual decline was recorded in 2019 at 98.6%.

Annual dynamics of product's imports to Argentina in kind, 2017-2020, t

From 2017 to 2020, Brazil, Chile, and the United States were the main sources of in-shell walnut imports into Argentina, contributing 33.2%, 31.9%, and 1.9% of imports by volume, respectively. Together, they made up 67.0% of total imports.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Argentina in kind, 2017-2020

Imports in value, K $ US

Argentina's in-shell walnut import market displayed an unstable trend from 2017 to 2020. Imports hit a low of 39 thousand US dollars in 2019, then rose to 180 thousand US dollars in 2020, a 361.6% increase from the previous year. This created a 4.6-fold variation between the minimum in 2019 and the maximum in 2020. The largest annual decline occurred in 2019 at 67.9%.

Annual dynamics of product's imports to Argentina in value, 2017-2020, K $ US

During 2017-2020, Brazil, the United States, and Chile were the leading sources of in-shell walnut imports into Argentina by value, with shares of 27.6%, 27.0%, and 19.2%, respectively. Combined, they represented 73.8% of total import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Argentina in value, 2017-2020