In-shell walnuts market in Australia and New Zealand

Earlier Report Observations

From 2018 to 2022, the in-shell walnut market volume in Australia and New Zealand generally expanded, rising from 8 116 t to 10 214 t. This growth period coincided with a steady increase in global walnut production, which had been rising at an average rate of 6% per year in the preceding years, supporting market conditions.

A sharp contraction occurred in 2023, when the market volume dropped by 20% to 8 134 t. This decline followed the worldwide walnut crisis of 2022, characterized by record harvests in key producing regions like France that led to market saturation, a collapse in prices, and persistent difficulties in selling existing stocks, which put downward pressure on local production.

Production in-shell walnuts in Australia and New Zealand

In kind, 2018-2021, t

Top producers of in-shell walnuts, 2018-2021

World map of production of in-shell walnuts, 2018-2021

In 2021, Australia and New Zealand produced 14 358 tonnes of in-shell walnuts, marking a solid 15.0% increase from the previous year. Over the 2018-2021 period, production grew by 23.1%, with a compound annual growth rate of 7.2%. The only decline during this timeframe occurred in 2020, when production fell by 0.9%.

Annual dynamics of production in Australia and New Zealand in kind, 2018-2021, t

In value, 2018-2021, K $ US

Following two consecutive years of decline, Australia and New Zealand's in-shell walnut production value rebounded in 2021. The output was valued at 36 086 thousand US dollars, representing a 9.0% increase compared to 2020. However, looking at the broader 2018-2021 period, production value actually decreased by 23.1%, which translates to an annualized decline rate of 8.4%. The lowest value was recorded in 2020 at 33 119 thousand US dollars, while the most significant drop occurred in 2019 with a 17.1% decrease.

Annual dynamics of production in Australia and New Zealand in value, 2018-2021, K $ US

Exports in-shell walnuts from Australia and New Zealand

Exports in kind, t

In 2021, Australia and New Zealand exported 4 334 tonnes of in-shell walnuts, representing a 2.0% decrease from the previous year. Over the 2018-2021 period, exports increased by 21.7%, with a compound annual growth rate of 6.8%. The lowest export volume was recorded in 2019 at 3 263 tonnes, while the highest was in 2020 at 4 423 tonnes. The most significant decline occurred in 2019 with an 8.4% drop, while the largest increase happened in 2020 with a substantial 35.6% growth.

Annual dynamics of product's exports from Australia and New Zealand in kind, 2018-2021, t

During the 2018-2021 period, Italy, Turkey, and Belgium remained the principal buyers of in-shell walnuts from Australia and New Zealand. Italy accounted for 37.1% of exports in kind, Turkey for 17.8%, and Belgium for 17.1%. Together, these three countries represented 72.1% of total exports in kind.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Australia and New Zealand in kind, 2018-2021

Exports in value, K $ US

In 2021, Australia and New Zealand exported in-shell walnuts worth 10 891 thousand US dollars, reflecting a 7.2% decrease from the previous year. Over the 2018-2021 period, export value declined by 23.9%, with a compound annual decline rate of 8.7%. The lowest value was recorded in 2019 at 10 080 thousand US dollars. The most significant decline occurred in 2019 with a 29.6% drop, while the largest increase happened in 2020 with a 16.5% rise.

Annual dynamics of product's exports from Australia and New Zealand in value, 2018-2021, K $ US

From 2018 to 2021, Italy, Belgium, and Germany led the structure of exports in value terms. Italy accounted for 41.5% of export value, Belgium for 17.8%, and Germany for 16.7%. Together, these three countries represented 76.0% of total export flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Australia and New Zealand in value, 2018-2021

Imports in-shell walnuts to Australia and New Zealand

Imports in kind, t

Import volumes showed considerable volatility during this period. The highest import volume was recorded in 2019 at 17 tonnes, while the lowest was in 2020 at 10 tonnes, representing a 1.7-fold difference between these years. In 2021, Australia and New Zealand imported 15 tonnes of in-shell walnuts, marking a 51.1% year-over-year increase. The most significant decline occurred in 2020 with a 42.3% drop, while the largest increase happened in 2019 with a 71.2% rise.

Annual dynamics of product's imports to Australia and New Zealand in kind, 2018-2021, t

During the 2018-2021 period, the United States and Chile were the leading sources of in-shell walnut imports to Australia and New Zealand, together accounting for 86.4% of total import volumes. The remaining share was distributed among other countries.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Australia and New Zealand in kind, 2018-2021

Imports in value, K $ US

Import values showed an unstable trend throughout this timeframe. The highest value was recorded in 2019 at 156 thousand US dollars, while the lowest was in 2020 at 32 thousand US dollars, representing a 4.9-fold difference between these years. In 2021, Australia and New Zealand imported in-shell walnuts worth 58 thousand US dollars, marking an 81.2% increase compared to the previous year. The most significant decline occurred in 2020 with a 79.5% drop, while the largest increase happened in 2019 with a substantial 267.8% rise.

Annual dynamics of product's imports to Australia and New Zealand in value, 2018-2021, K $ US

From 2018 to 2021, the United States and Chile were the dominant suppliers of in-shell walnuts to Australia and New Zealand in value terms. Together, they accounted for 89.3% of total import value, with other partners representing a smaller share of the market.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Australia and New Zealand in value, 2018-2021