Market research

In-shell walnuts market in Latin America and the Caribbean

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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"Latin America and the Caribbean" region includes following countries:

Argentina

Bolivia

Bouvet Island

Brazil

Chile

Colombia

Ecuador

Falkland Islands (Malvinas)

South Georgia and the South Sandwich Islands

French Guiana

Guyana

Paraguay

Peru

Suriname

Uruguay

Venezuela

Belize

Costa Rica

El Salvador

Guatemala

Honduras

Mexico

Nicaragua

Panama

Antigua and Barbuda

the Bahamas

Barbados

British Virgin Islands

Cayman Islands

Cuba

Dominica

Dominican Republic

Grenada

Guadeloupe

Haiti

Jamaica

Martinique

Montserrat

Curacao

Aruba

Saint Maarten (Dutch part)

Bonaire

Puerto Rico

Saint-Barthélemy

Saint Kitts and Nevis

Anguilla

Saint Lucia

Saint-Martin (French Part)

Saint Vincent and the Grenadines

Trinidad and Tobago

Turks and Caicos Islands

United States Virgin Islands

Earlier Report Observations

Between 2018 and 2022, the in-shell walnuts market in Latin America and the Caribbean showed considerable volatility in volume. After a contraction to 215 тыс. т in 2019, the market recovered to 271 тыс. т in 2020, dipped slightly to 254 тыс. т in 2021, and then peaked at 305 тыс. т in 2022.

In 2023, the market volume declined to 277 тыс. т. This reduction coincided with robust global demand for walnuts, which drove regional exports up to 131 тыс. т, diverting supply from the domestic market. The following year, 2024, was marked by a tight supply situation. Adverse weather conditions in major producing areas like Chile led to a critically reduced harvest, triggering price increases and higher export commitments while consumer demand for natural, less-processed products provided underlying support.

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. 4.1.2. In value
    1. 4.1.2.1. Production, 2018-2023
    2. 4.1.2.2. Imports, 2018-2024
    3. 4.1.2.3. Exports, 2018-2024
    4. 4.1.2.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Latin America and the Caribbean
  1. 5.1.1. Annual dynamics of production in Latin America and the Caribbean in kind, 2018-2023, K t
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K 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, K 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. Exports
1. 6.1. Exports (Direct Data*)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's exports from Argentina in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's exports in kind from Argentina by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Argentina in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Argentina by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Argentina, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Argentina by countries, 2018-2024, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's exports from Argentina in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's exports in kind from Argentina by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Argentina in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Argentina by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Argentina, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Argentina by countries, 2018-2024, $ US/t
7. Imports
1. 7.1. Imports (Direct Data*)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's imports to Argentina in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's imports in kind to Argentina by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Argentina in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Argentina by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Argentina, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Argentina by countries, 2018-2024, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's imports to Argentina in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's imports in kind to Argentina by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Argentina in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Argentina by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Argentina, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to Argentina by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ 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 Latin America and the Caribbean

In kind, 2017-2020, K 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

In Latin America and the Caribbean, production of in-shell walnuts reached 328.0 K t in 2020, showing a modest 2.4% increase from 2019. Over the 2017-2020 period, production grew by 19.8%, with an average annual growth rate of 6.2%. The highest production level was recorded in 2018 at 337.5 K t. The most significant decline occurred in 2019, when production fell by 5.1%, while the largest increase was seen in 2018 with a 23.2% rise.

Annual dynamics of production in Latin America and the Caribbean in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	23.2%	(5.1%)	2.4%	6.2%

Source: SHEV.io

In value, 2017-2020, M $ US

The value of in-shell walnut production in Latin America and the Caribbean stood at 936 M $ US in 2020, up 1.0% from the previous year. From 2017 to 2020, production value decreased by 3.1%, translating to an annualized decline of 1.0%. The lowest value was recorded in 2019 at 927 M $ US, while the peak was in 2018 at 1 193 M $ US. The most substantial drop occurred in 2019 with a 22.3% decrease, whereas the largest gain was in 2018 with a 23.6% increase.

Annual dynamics of production in Latin America and the Caribbean in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	23.6%	(22.3%)	1.0%	(1.0%)

Source: SHEV.io

Exports in-shell walnuts from Latin America and the Caribbean

Exports in kind, K t

Following two consecutive years of growth, exports of in-shell walnuts from Latin America and the Caribbean declined in 2020. Export volume reached 110.9 K t, down 29.4% compared to 2019. Over the 2017-2020 period, exports increased by 11.5%, with an average annual growth rate of 3.7%. The highest export volume was recorded in 2019 at 157.0 K t, which also saw the largest increase of 35.4%.

Annual dynamics of product's exports from Latin America and the Caribbean in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	16.6%	35.4%	(29.4%)	3.7%

Source: SHEV.io

From 2017 to 2020, the United States, Turkey, and China were the top buyers of in-shell walnuts from Latin America and the Caribbean, accounting for 30.5%, 17.7%, and 13.1% of export volume respectively. Together, these three countries represented 61.3% of total exports in kind.

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

Source: SHEV.io

World map of product's exports from Latin America and the Caribbean in kind, 2017-2020

Source: SHEV.io

Exports in value, M $ US

After two years of expansion, the value of in-shell walnut exports from Latin America and the Caribbean fell in 2020. Exports amounted to 316.2 M $ US, marking a sharp 30.3% decline from the previous year. Between 2017 and 2020, export value decreased by 9.7%, with an average annual decline of 3.4%. The peak value was recorded in 2019 at 454.0 M $ US, while the largest increase occurred in 2018 with a 17.0% rise.

Annual dynamics of product's exports from Latin America and the Caribbean in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	17.0%	10.8%	(30.3%)	(3.4%)

Source: SHEV.io

In value terms, the United States, Turkey, and China led the export structure for in-shell walnuts from Latin America and the Caribbean from 2017 to 2020, with shares of 31.7%, 16.6%, and 12.8% respectively. Combined, these three markets accounted for 61.1% of total export flows.

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

Source: SHEV.io

World map of product's exports from Latin America and the Caribbean in value, 2017-2020

Source: SHEV.io

Imports in-shell walnuts to Latin America and the Caribbean

Imports in kind, K t

Latin America and the Caribbean imported approximately 53.7 K t of in-shell walnuts in 2020, showing a gradual 4.5% increase year-over-year. Over the 2017-2020 period, imports grew by 51.7%, with an average annual growth rate of 14.9%. The largest decline was recorded in 2019 at 0.1%, while the most significant increase occurred in 2018 with a 45.2% rise.

Annual dynamics of product's imports to Latin America and the Caribbean in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	45.2%	(0.1%)	4.5%	14.9%

Source: SHEV.io

From 2017 to 2020, in-shell walnut imports to Latin America and the Caribbean were almost exclusively supplied to the United States, which absorbed 96.4% of total imports in kind.

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

Source: SHEV.io

World map of product's imports to Latin America and the Caribbean in kind, 2017-2020

Source: SHEV.io

Imports in value, M $ US

In 2020, Latin America and the Caribbean imported 159.2 M $ US worth of in-shell walnuts, up 7.0% from the previous year. Between 2017 and 2020, import value increased by 29.7%, equating to an annualized growth rate of 9.1%. The highest value was recorded in 2018 at 192.4 M $ US. The largest decline occurred in 2019 with a 22.7% drop, while the most substantial increase was in 2018 with a 56.8% rise.

Annual dynamics of product's imports to Latin America and the Caribbean in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	56.8%	(22.7%)	7.0%	9.1%

Source: SHEV.io

Over the 2017-2020 period, virtually all imports in value terms of in-shell walnuts to Latin America and the Caribbean were associated with the United States, whose share reached 96.2% of total flows.

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

Source: SHEV.io

World map of product's imports to Latin America and the Caribbean in value, 2017-2020

Source: SHEV.io