Market research

In-shell walnuts market in Armenia

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

Armenia's in-shell walnut production expanded significantly from 3 298 tons in 2018 to a peak of 4 959 tons in 2020, driving market size to nearly 5 000 tons that year. After 2020, output moderated to around 4 000 tons annually, with production at 3 977 tons in 2023 and market volume at 4 022 tons. The period showed a clear cycle of growth followed by stabilization.

In 2024, import volumes rose to 148 tons while exports fell to just 4 tons. Regional trade dynamics, particularly Armenia's role as a key destination for Russian shelled walnuts, influence the broader nut market. Domestic consumption is anchored by traditional practices, such as preparing green walnuts in syrup, which sustains demand for in-shell varieties.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Armenia
  1. 5.1.1. Annual dynamics of production in Armenia in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Armenia in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Armenia in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Armenia by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Armenia in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Armenia by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Armenia, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Armenia by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Armenia in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Armenia by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Armenia in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Armenia by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Armenia, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Armenia by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Armenia in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Armenia by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Armenia in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Armenia by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Armenia, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Armenia by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Armenia in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Armenia by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Armenia in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Armenia by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Armenia, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Armenia by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production in-shell walnuts in Armenia

In kind, 2017-2020, t

Top producers of in-shell walnuts, 2017-2020

Source: SHEV.io

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

Source: SHEV.io

Armenia's in-shell walnut production increased for the second consecutive year. In 2020, the country produced 4 959 tons of in-shell walnuts, which represents a 44.4% increase compared to 2019. Over the period from 2017 to 2020, production decreased by 5.8%, with an average annual growth rate of 2.0%. The lowest production level was recorded in 2018 at 3 298 tons, which also marked the largest decline of 37.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(37.3%)	4.1%	44.4%	(2.0%)

Source: SHEV.io

Exports in-shell walnuts from Armenia

Exports in kind, kg

In 2020, Armenia's in-shell walnut exports totaled 34 036 kilograms, remaining broadly stable compared to the previous year. Over the period from 2018 to 2020, exports decreased by 14.7%, with an average annual decline rate of 5.2%.

Annual dynamics of product's exports from Armenia in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

Between 2017 and 2020, two countries—Russia and Kazakhstan—accounted for the majority of Armenia's in-shell walnut exports, together representing 100.0% of total export volumes.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

In 2020, Armenia's in-shell walnut exports reached 55.7 thousand US dollars, showing little change from the previous year. Between 2018 and 2020, export values increased by 364%, which translates to an average annual growth rate of 66.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

From 2017 to 2020, Russia was by far the main destination for Armenia's in-shell walnut exports in value terms, accounting for 91.7% of total export earnings.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in-shell walnuts to Armenia

Imports in kind, kg

The market showed an unstable trend during this period. Import volumes dropped to their lowest point in 2019 at 6 300 kilograms, marking the largest decline of 87.4%. In 2020, imports surged to 57 768 kilograms, representing an 817.0% increase from 2019, with a 9.2-fold difference between these two years.

Annual dynamics of product's imports to Armenia in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	(87.4%)	817.0%	-

Source: SHEV.io

Between 2017 and 2020, Chile was the dominant source for Armenia's in-shell walnut imports, accounting for 73.9% of total import volumes, while other countries made up the remaining share.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Market behavior was characterized by volatility during these years. Import values fell to their lowest level in 2019 at 31.8 thousand US dollars, with the largest decline recorded at 16.2%. In 2020, imports jumped to approximately 235.9 thousand US dollars, a sharp increase of 642.0% year-over-year, resulting in a 7.4-fold difference between the high and low points.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	(16.2%)	642.0%	-

Source: SHEV.io

From 2017 to 2020, Chile and Russia were the main sources for Armenia's in-shell walnut imports in value terms, together accounting for 82.5% of total import spending, with other partners comprising the remainder.

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

Source: SHEV.io

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

Source: SHEV.io