Market research

In-shell walnuts market in Serbia

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The Serbian in-shell walnut market volume demonstrated significant volatility from 2018 to 2023. After starting at 9 772 t in 2018, the market size entered a sustained decline, falling to 8 834 t in 2019 and reaching a low of 7 666 t by 2021.

In 2022, the market experienced a sharp reversal, with volume surging by 54% to 11 836 t. This peak was followed by a 16% contraction in 2023, bringing the market size down to 9 899 t.

Imports and exports remained negligible throughout the entire period, meaning changes in domestic production were the sole driver of market volume movements.

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 Serbia
  1. 5.1.1. Annual dynamics of production in Serbia in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Serbia 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. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, kg
    1. 6.1.2.1. Annual dynamics of product's exports from Serbia in kind, 2018-2024, kg
    2. 6.1.2.2. Dynamics of product's exports in kind from Serbia by countries, 2018-2024, kg
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Serbia in value, 2018-2024, $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Serbia by countries, 2018-2024, $ 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 Serbia, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Serbia 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, kg
    1. 6.2.2.1. Annual dynamics of product's exports from Serbia in kind, 2018-2024, kg
    2. 6.2.2.2. Dynamics of product's exports in kind from Serbia by countries, 2018-2024, kg
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Serbia in value, 2018-2024, $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Serbia by countries, 2018-2024, $ 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 Serbia, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Serbia 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, kg
    1. 7.1.2.1. Annual dynamics of product's imports to Serbia in kind, 2018-2024, kg
    2. 7.1.2.2. Dynamics of product's imports in kind to Serbia by countries, 2018-2024, kg
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Serbia in value, 2018-2024, $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Serbia by countries, 2018-2024, $ 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 Serbia, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Serbia 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, kg
    1. 7.2.2.1. Annual dynamics of product's imports to Serbia in kind, 2018-2024, kg
    2. 7.2.2.2. Dynamics of product's imports in kind to Serbia by countries, 2018-2024, kg
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Serbia in value, 2018-2024, $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Serbia by countries, 2018-2024, $ 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 Serbia, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to Serbia by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, kg
  2. 8.1.2. In value, $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, kg
  2. 8.2.2. In value, $ 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 Serbia

In kind, 2017-2020, t

From 2017 to 2020, Serbia maintained the 26th position globally in terms of in-shell walnut production volume.

Top producers of in-shell walnuts, 2017-2020

Source: SHEV.io

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

Source: SHEV.io

Serbia's in-shell walnut production declined for the third consecutive year. In 2020, the country produced 8 455 tonnes of in-shell walnuts, marking a modest 4.3% decrease compared to 2019. Over the 2017-2020 period, production fell by 31.1%, with an annualized decline rate of 11.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(20.4%)	(9.6%)	(4.3%)	(11.7%)

Source: SHEV.io

Exports in-shell walnuts from Serbia

Exports in kind, kg

In 2020, Serbia exported 2 000 kg of in-shell walnuts, representing a 14.1% increase from the previous year. However, between 2017 and 2020, exports decreased by 33.3%, which translates to an annualized decline of 12.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	14.1%	(12.6%)

Source: SHEV.io

Between 2017 and 2020, two key markets—Croatia and Albania—together accounted for 98.5% of Serbia's total in-shell walnut exports in volume terms, while the remaining volume was distributed among a wide range of other countries.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, $ US

In 2020, Serbia exported in-shell walnuts worth 3 812 US dollars, reflecting a 4.8% decrease compared to the previous year. Over the 2017-2020 period, exports in value terms declined by 57.8%, with an annualized rate of 25.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	(4.8%)	(25.0%)

Source: SHEV.io

From 2017 to 2020, Serbia's export structure in value terms was heavily concentrated on Croatia, which accounted for 76.7% of total flows, while other partners made up the remainder.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in-shell walnuts to Serbia

Imports in kind, kg

In 2020, Serbia imported 17 500 kg of in-shell walnuts, showing little change from 2019. Over the 2017-2020 period, imports decreased by 30%, with an annualized decline of 11.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	(11.2%)

Source: SHEV.io

Between 2017 and 2020, Moldova and Ukraine dominated Serbia's in-shell walnut imports in volume terms, together accounting for 88.2% of total flows, while other destinations contributed smaller individual shares.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, $ US

In 2020, Serbia's in-shell walnut imports reached 24 923 US dollars, remaining largely unchanged from 2019. Over the 2017-2020 period, imports in value terms fell by 47.7%, with an annualized decline rate of 19.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	(19.4%)

Source: SHEV.io

From 2017 to 2020, Moldova and Ukraine together captured 85.2% of Serbia's total in-shell walnut imports in value terms, with the rest of the flows thinly spread across other markets.

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

Source: SHEV.io

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

Source: SHEV.io