Market research

Treenuts market in Montenegro

Release date: Mar 30, 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 treenuts market in Montenegro showed significant volatility from 2018 to 2023. After an initial increase from 1 507 t to 1 625 t between 2018 and 2019, the market volume fell sharply to 1 315 t in 2020. A strong recovery followed in 2021, bringing the market to 1 585 t, which was nearly maintained in 2022 at 1 582 t before a further rise to 1 634 t in 2023.

Domestic production remained remarkably stable, hovering around 725 t each year. The substantial swings in total market size were therefore closely aligned with changes in import volumes, which dropped to 601 t in 2020 coinciding with the market's lowest point and later recovered to 943 t by 2023. Export volumes were consistently low throughout the period.

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 Montenegro
  1. 5.1.1. Annual dynamics of production in Montenegro in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Montenegro 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 Montenegro in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Montenegro 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 Montenegro in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Montenegro 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 Montenegro, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Montenegro 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 Montenegro in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Montenegro 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 Montenegro in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Montenegro 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 Montenegro, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Montenegro 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 Montenegro in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Montenegro 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 Montenegro in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Montenegro 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 Montenegro, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Montenegro 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 Montenegro in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Montenegro 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 Montenegro in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Montenegro 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 Montenegro, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Montenegro 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 treenuts in Montenegro

In kind, 2017-2020, t

Top producers of treenuts, 2017-2020

Source: SHEV.io

World map of production of treenuts, 2017-2020

Source: SHEV.io

Treenuts production in Montenegro increased for the third consecutive year. In 2020, Montenegro produced 726.5 t of treenuts, remaining stable compared to the previous year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	1.2%	0.2%	0.1%	0.5%

Source: SHEV.io

Exports treenuts from Montenegro

Exports in kind, t

The market showed significant volatility during this period. Exports reached their lowest point in 2018 at 7.9 t, then peaked in 2019 at 15.0 t, representing a 1.9-fold increase. In 2020, Montenegro's treenuts exports fell to 13.4 t, a decline of 10.9% from 2019. The largest decrease occurred in 2018 with a 46.0% drop, while the largest increase was in 2019 with a 90.8% rise.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(46.0%)	90.8%	(10.9%)	(2.8%)

Source: SHEV.io

From 2017 to 2020, Serbia, Bosnia and Herzegovina, and Albania were the main markets for Montenegro's treenuts exports in kind. Serbia accounted for 26.0% of exports, Bosnia and Herzegovina for 18.8%, and Albania for 2.0%, together representing 46.8% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

The market exhibited considerable volatility during these years. Export volumes peaked in 2017 and fell to their lowest level in 2018, with a 9.8-fold difference between these extremes. In 2020, treenuts exports from Montenegro amounted to 63 K $ US, showing a slight increase of 0.7% compared to 2019. The minimum value was recorded in 2018 at 9 K $ US. The largest decline occurred in 2018 with an 89.8% decrease, while the largest increase was in 2019 with a 594.6% rise.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(89.8%)	594.6%	0.7%	(10.6%)

Source: SHEV.io

Between 2017 and 2020, Serbia, Albania, and Bosnia and Herzegovina were the primary buyers of treenuts from Montenegro in value terms. Serbia accounted for 27.7% of exports, Albania for 2.9%, and Bosnia and Herzegovina for 2.0%, together making up 32.6% of total export value.

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

Source: SHEV.io

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

Source: SHEV.io

Imports treenuts to Montenegro

Imports in kind, t

After two years of growth, treenuts imports to Montenegro declined. In 2020, imports stood at 601.5 t, down 34.2% from the previous year. The maximum value was recorded in 2019 at 914.1 t. The largest increase occurred in 2018 with a 30.9% rise.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	30.9%	15.6%	(34.2%)	(0.1%)

Source: SHEV.io

From 2017 to 2020, three key markets—Ukraine, the United States, and Moldova—collectively accounted for 58.5% of total treenuts imports in kind to Montenegro.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Montenegro's treenuts imports declined for the second consecutive year. In 2020, imports reached 3 059 K $ US, a 34.2% decrease from 2019. Over the 2017-2020 period, imports fell by 20%, with a compound annual growth rate of -7.2%. The maximum value was recorded in 2018 at 4 649 K $ US, and the largest increase occurred in 2018 with a 21.7% rise.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	21.7%	(0.1%)	(34.2%)	(7.2%)

Source: SHEV.io

Between 2017 and 2020, three principal markets—Ukraine, the United States, and Moldova—together accounted for 61.4% of total treenuts imports in value terms to Montenegro.

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

Source: SHEV.io

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

Source: SHEV.io