Treenuts market in the United States

Earlier Report Observations

Between 2018 and 2023, the US tree nuts market experienced significant volatility in physical volume. Market size reached a high of 2 630 thousand tons in 2020, representing a sharp 31% increase from the previous year, but then contracted over the next two years to 1 956 thousand tons in 2022.

A partial recovery followed in 2023, with the market volume rising to 2 085 thousand tons. In value terms, the market's worth declined more substantially from USD 13.2 billion in 2018 to USD 10.2 billion in 2023, indicating concurrent changes in average prices or product mix within the sector.

This period was characterized by variable domestic production, which peaked at 3 748 thousand tons in 2020, and a consistent growth in exports, which increased from 1 280 thousand tons in 2018 to 1 743 thousand tons by 2024.

Production treenuts in the United States

In kind, 2017-2020, K t

From 2017 to 2020, the United States maintained its position as the world's leading producer of treenuts by volume.

Top producers of treenuts, 2017-2020

World map of production of treenuts, 2017-2020

Treenuts production in the United States grew for the third consecutive year. In 2020, the country produced 3,748 thousand tons, marking a 24.2% increase from the previous year. Over the period from 2017 to 2020, production rose by 36.3%, which translates to an annualized growth rate of 10.9%.

Annual dynamics of production in the United States in kind, 2017-2020, K t

In value, 2017-2020, M $ US

The value of treenuts production in the United States increased for the third year in a row. In 2020, output was valued at 19,968 million US dollars, up 8.9% compared to the previous year. Between 2017 and 2020, production value grew by 23.1%, equivalent to an annualized rate of 7.2%.

Annual dynamics of production in the United States in value, 2017-2020, M $ US

Exports treenuts from the United States

Exports in kind, K t

Exports of treenuts from the United States rose for the second consecutive year. In 2020, exports reached 1,479 thousand tons, a 5.4% increase from the previous year. Over the 2017-2020 period, exports grew by 9.2%, with a compound annual growth rate (CAGR) of 3.0%. The lowest volume was recorded in 2018 at 1,280 thousand tons, which saw a decline of 5.5%. In contrast, the largest increase occurred in 2019, with a 9.6% rise.

Annual dynamics of product's exports from the United States in kind, 2017-2020, K t

From 2017 to 2020, treenuts exports from the United States were distributed across numerous markets. India accounted for 12.6% of exports by volume, Hong Kong for 9.2%, and Spain for 9.1%. Together, these three countries represented only 30.9% of total export flows.

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

World map of product's exports from the United States in kind, 2017-2020

Exports in value, M $ US

In 2020, the value of treenuts exports from the United States reached 7,878 million US dollars, a 7.5% decrease from the previous year. The lowest value was recorded in 2018 at 7,865 million US dollars, while the highest was in 2019 at 8,521 million US dollars. The largest increase occurred in 2019, with an 8.3% rise.

Annual dynamics of product's exports from the United States in value, 2017-2020, M $ US

Between 2017 and 2020, the United States exported treenuts to a wide range of buyers. India contributed 9.8% of exports by value, Hong Kong 9.7%, and Spain 8.7%. Collectively, these three markets made up only 28.3% of total export value, with many other countries holding smaller but significant shares.

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

World map of product's exports from the United States in value, 2017-2020

Imports treenuts to the United States

Imports in kind, K t

Imports of treenuts into the United States declined for the second consecutive year. In 2020, imports totaled 361 thousand tons, a modest decrease of 7.6% from the previous year. The highest volume was recorded in 2018 at 394 thousand tons, which saw an increase of 9.5%.

Annual dynamics of product's imports to the United States in kind, 2017-2020, K t

Throughout 2017-2020, Vietnam, Mexico, and the Philippines were the key partners for treenuts imports into the United States by volume. Vietnam accounted for 36.4% of imports, Mexico for 25.6%, and the Philippines for 9.3%. Together, they represented 71.4% of total import flows.

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

World map of product's imports to the United States in kind, 2017-2020

Imports in value, M $ US

The value of treenuts imports into the United States fell for the second year in a row. In 2020, imports amounted to 2,195 million US dollars, a solid decline of 15.7% compared to 2019. Over the 2017-2020 period, import value decreased by 19.4%, with a compound annual growth rate (CAGR) of -7.0%. The highest value was recorded in 2018 at 2,891 million US dollars, which saw an increase of 6.1%.

Annual dynamics of product's imports to the United States in value, 2017-2020, M $ US

From 2017 to 2020, Vietnam, Mexico, and India remained the principal suppliers of treenuts to the United States by value. Vietnam accounted for 43.0% of imports, Mexico for 24.9%, and India for 3.3%. Collectively, these three countries represented 71.2% of total import value.

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

World map of product's imports to the United States in value, 2017-2020