Treenuts market in Western Asia

Earlier Report Observations

The treenuts market in Western Asia expanded from 1 751 thousand tons in 2018 to 2 101 thousand tons in 2020. This growth was supported by robust production in key countries like Iran and Turkey, which benefit from ideal agricultural conditions. The region's role as a major transit hub connecting suppliers with buyers in Europe, Asia, and Africa, along with the use of B2B trading platforms, facilitated broader market access and trade.

After a contraction to 1 964 thousand tons in 2021, market volume recovered to 2 264 thousand tons by 2023. The COVID-19 pandemic temporarily disrupted logistics and supply chains, affecting trade flows. However, increasing consumer awareness of the health benefits of nuts, rich in vitamins and protein, sustained demand. Rising prices for almonds, pistachios, and walnuts, driven by improved local quality and strong global demand, provided additional stimulus to the market.

In 2024, the market saw new developments with Nutraj launching the 'NutrajSnackrite Daily Nutrition Pack' and Daily Crunch securing funding for expansion. The Vietnam Cashew Association formed a task force to address raw cashew price volatility, while Olam Group significantly expanded nut processing capacity in Nigeria. Growing health consciousness in Saudi Arabia and persistent global demand continued to influence the industry's trajectory.

Production treenuts in Western Asia

In kind, 2017-2020, K t

Top producers of treenuts, 2017-2020

World map of production of treenuts, 2017-2020

Western Asia's treenuts production has grown for the third year in a row. In 2020, the region produced 1 869 K t of treenuts, marking a 16.1% year-over-year increase. From 2017 to 2020, production rose by 32.4%, which translates to an average annual growth rate of 9.8%.

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

In value, 2017-2020, M $ US

Western Asia's treenuts production has increased for the third consecutive year. In 2020, the output was valued at 13 579 M $ US, up by 21.8% compared to the previous year. Between 2017 and 2020, production grew by 44.1%, averaging an annualized rate of 12.9%.

Annual dynamics of production in Western Asia in value, 2017-2020, M $ US

Exports treenuts from Western Asia

Exports in kind, K t

In 2020, treenuts exports from Western Asia totaled 331.1 K t, down by 13.1% from the previous year. The lowest volume was recorded in 2018 at 330.4 K t, while the peak occurred in 2019 with 381.0 K t. The largest year-over-year increase was in 2019, at 15.3%.

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

From 2017 to 2020, treenuts exports from Western Asia were distributed across multiple countries without a clear dominant partner. Italy accounted for 19.7% of exports in kind, Iran for 14.5%, and Germany for 8.8%, with these three together making up 43.0% of total flows.

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

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

Exports in value, M $ US

In 2020, treenuts exports from Western Asia amounted to 2 405 M $ US, showing a gradual decline of 8.8% compared to 2019. Over the 2017-2020 period, exports increased by 7.8%, with a compound annual growth rate of 2.5%. The lowest value was in 2018 at 2 135 M $ US, while the highest was in 2019 at 2 638 M $ US. The largest year-over-year increase was recorded in 2019, at 23.6%.

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

Between 2017 and 2020, treenuts from Western Asia were exported to numerous countries. Even the top destinations—Italy, Iran, and Germany—combined represented only 43.7% of total exports in value terms.

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

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

Imports treenuts to Western Asia

Imports in kind, K t

After two years of growth, treenuts imports into Western Asia declined. In 2020, imports reached 562.6 K t, a drop of 15.5% from the previous year. From 2017 to 2020, imports increased by 8.4%, averaging an annualized rate of 2.7%. The highest volume was in 2019 at 666.0 K t, and the largest year-over-year increase was in 2018, at 14.8%.

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

Throughout 2017-2020, the United States, India, and Iran were the core sources of treenuts imports into Western Asia in kind. The United States accounted for 34.5% of imports, India for 13.6%, and Iran for 6.2%, together comprising 54.3% of total flows.

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

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

Imports in value, M $ US

In 2020, Western Asia imported approximately 2 494 M $ US worth of treenuts, which is 7.4% less than the previous year. The lowest value was recorded in 2018 at 2 427 M $ US, while the highest was in 2019 at 2 694 M $ US. The largest year-over-year increase occurred in 2019, at 11.0%.

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

From 2017 to 2020, the United States, India, and Iran were the largest suppliers of treenuts to Western Asia in value terms. The United States accounted for 42.6% of imports, India for 10.1%, and Iran for 9.0%, together forming 61.8% of total imports.

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

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