Shelled walnuts market in Southern Asia

Earlier Report Observations

The market for shelled walnuts in Southern Asia expanded significantly from 2018 to 2023, with overall volume more than doubling from 21.2 thousand tons to 60.6 thousand tons. This growth was not linear, however, as the market experienced a substantial surge between 2020 and 2021, followed by a temporary contraction in 2022 before reaching a new peak in 2023.

Domestic production mirrored this trend, rising from 22.0 thousand tons to 59.4 thousand tons over the period, indicating that local output was the primary driver of market supply. Trade flows remained relatively modest in scale compared to production, though imports saw a notable increase to 3.6 thousand tons in 2023, while exports also grew, reaching 2.4 thousand tons the same year.

Production shelled walnuts in Southern Asia

In kind, 2017-2020, t

Top producers of shelled walnuts, 2017-2020

World map of production of shelled walnuts, 2017-2020

Southern Asia's shelled walnut production increased for the second consecutive year. In 2020, the region produced 30,204 tonnes of shelled walnuts, marking a 24.0% increase compared to 2019. Over the period from 2017 to 2020, production grew by 17.9%, which translates to an annualized growth rate of 5.6%. The lowest production volume was recorded in 2018 at 22,001 tonnes, with the largest decline of 14.1% occurring that same year.

Annual dynamics of production in Southern Asia in kind, 2017-2020, t

Exports shelled walnuts from Southern Asia

Exports in kind, t

The market displayed volatility during the observed period. From 2017 to 2020, exports fluctuated significantly, with a peak-to-trough amplitude of 6.5 times. In 2020, Southern Asia exported 450 tonnes of shelled walnuts, representing a sharp reduction of 75.2% compared to 2019. The largest increase was recorded in 2019 at 78.6%.

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

From 2017 to 2020, Turkey, Iraq, and Germany were the top buyers of shelled walnuts from Southern Asia. Turkey accounted for 51.2% of exports in kind, Iraq for 11.3%, and Germany for 10.9%. Together, these three countries made up 73.4% of total exports in kind.

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

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

Exports in value, K $ US

The market exhibited volatility over the observed period. Export values reached their peak in 2017 and fell to their lowest point in 2018, with a 3.8-fold difference between these years. In 2020, shelled walnut exports from Southern Asia amounted to 11,001 thousand US dollars, reflecting a 4.2% increase over the previous year. The minimum value was recorded in 2018 at 6,689 thousand US dollars, which also saw the largest decline of 74.0%. The largest increase occurred in 2019 at 57.9%.

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

Throughout 2017 to 2020, Turkey, Iraq, and Germany played leading roles in the value of shelled walnut exports from Southern Asia. Turkey contributed 56.0% of exports in value terms, Iraq 10.9%, and Germany 7.8%. Collectively, these three countries accounted for 74.7% of total export flows.

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

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

Imports shelled walnuts to Southern Asia

Imports in kind, t

After two years of growth, foreign shelled walnut supplies to Southern Asia declined. In 2020, imports stood at 194 tonnes, showing a sharp decrease of 41.0% compared to the previous year. Over the period from 2017 to 2020, imports increased by 27.1%, equating to an annualized growth rate of 8.3%. The maximum import volume was recorded in 2019 at 330 tonnes, which also saw the largest increase of 49.5%.

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

From 2017 to 2020, China, the United States, and the United Arab Emirates were the main suppliers of shelled walnuts to Southern Asia. China accounted for 47.4% of imports in kind, the United States for 20.8%, and the United Arab Emirates for 8.9%. Together, these three countries formed 77.0% of total imports in kind.

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

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

Imports in value, K $ US

After two years of increase, Southern Asia's shelled walnut imports declined. In 2020, imports amounted to 831 thousand US dollars, down by 30.0% compared to the previous year. Over the period from 2017 to 2020, imports decreased by 5.5%, with a compound annual growth rate of -1.9%. The maximum value was recorded in 2019 at 1,186 thousand US dollars, which also saw the largest increase of 22.4%.

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

From 2017 to 2020, China, the United States, and the United Arab Emirates led the ranking of suppliers of shelled walnuts to Southern Asia in value terms. China accounted for 28.2% of imports in value terms, the United States for 23.7%, and the United Arab Emirates for 20.2%. Their combined share reached 72.1% of total imports in value terms.

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

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