Market research

Walnuts market in Bhutan

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

Bhutan's walnut market volume rose to 256 t in 2019, marking a peak before entering a period of contraction. Over the next three years, the market shrank consistently, falling to 179 t in 2021 and then to 131 t in 2022.

The decline halted in 2023, with the market stabilizing at around 130 t. Imports and exports remained at very low levels throughout most of the period, having a minimal impact on the overall market size.

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, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Bhutan
  1. 5.1.1. Annual dynamics of production in Bhutan in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Bhutan 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, kg
    1. 6.1.2.1. Annual dynamics of product's imports to Bhutan in kind, 2018-2025, kg
    2. 6.1.2.2. Dynamics of product's imports in kind to Bhutan by countries, 2018-2025, kg
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.1.3. Imports in value, $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Bhutan in value, 2018-2025, $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Bhutan by countries, 2018-2025, $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Bhutan, 2018-2025, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Bhutan by countries, 2018-2025, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, kg
    1. 6.2.2.1. Annual dynamics of product's imports to Bhutan in kind, 2018-2025, kg
    2. 6.2.2.2. Dynamics of product's imports in kind to Bhutan by countries, 2018-2025, kg
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.2.3. Imports in value, $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Bhutan in value, 2018-2025, $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Bhutan by countries, 2018-2025, $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Bhutan, 2018-2025, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Bhutan by countries, 2018-2025, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, kg
    1. 7.1.2.1. Annual dynamics of product's exports from Bhutan in kind, 2018-2025, kg
    2. 7.1.2.2. Dynamics of product's exports in kind from Bhutan by countries, 2018-2025, kg
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.1.3. Exports in value, $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Bhutan in value, 2018-2025, $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Bhutan by countries, 2018-2025, $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Bhutan, 2018-2025, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Bhutan by countries, 2018-2025, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, kg
    1. 7.2.2.1. Annual dynamics of product's exports from Bhutan in kind, 2018-2025, kg
    2. 7.2.2.2. Dynamics of product's exports in kind from Bhutan by countries, 2018-2025, kg
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.2.3. Exports in value, $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Bhutan in value, 2018-2025, $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Bhutan by countries, 2018-2025, $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Bhutan, 2018-2025, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Bhutan by countries, 2018-2025, $ US/kg
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, 2018-2025
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 walnuts in Bhutan

In kind, 2018-2021, t

Top producers of walnuts, 2018-2021

Source: SHEV.io

World map of production of walnuts, 2018-2021

Source: SHEV.io

Bhutan's walnut production declined for the second year in a row. In 2021, the country produced 178.7 tonnes of walnuts, marking an 18.4% decrease from the previous year. Looking at the period from 2018 to 2021, production fell by 19.9%, which translates to an average annual decline of 7.1%. The highest production level was recorded in 2019 at 256.1 tonnes, when output increased by 14.8%.

Annual dynamics of production in Bhutan in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	14.8%	(14.5%)	(18.4%)	(7.1%)

Source: SHEV.io

Exports walnuts from Bhutan

Exports in kind, kg

Annual dynamics of product's exports from Bhutan in kind, 2018-2021, kg

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

From 2018 to 2021, Singapore was virtually the sole buyer of walnuts from Bhutan, accounting for 100.0% of total exports in volume.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Bhutan in kind, 2018-2021

Source: SHEV.io

Exports in value, $ US

Annual dynamics of product's exports from Bhutan in value, 2018-2021, $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

Between 2018 and 2021, Singapore continued to be the overwhelmingly dominant buyer of Bhutan's walnuts, representing 100.0% of total export value.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Bhutan in value, 2018-2021

Source: SHEV.io

Imports walnuts to Bhutan

Imports in kind, kg

The market showed significant volatility during this period. Imports reached their lowest point in 2019 at 151.0 kg and peaked in 2020 at 748.9 kg, with a five-fold difference between these years. In 2021, Bhutan imported 597.0 kg of walnuts, which was a 20.3% decrease from the previous year. The largest decline occurred in 2019, falling by 29.8%, while the biggest increase was in 2020, surging by 396.0%.

Annual dynamics of product's imports to Bhutan in kind, 2018-2021, kg

Parameter		2019	2020	2021	CAGR
1	Change from last year	(29.8%)	396.0%	(20.3%)	40.5%

Source: SHEV.io

From 2018 to 2021, India was nearly the exclusive supplier of walnuts to Bhutan, providing 98.0% of total imports in volume.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Bhutan in kind, 2018-2021

Source: SHEV.io

Imports in value, $ US

Market performance exhibited noticeable fluctuations over these years. Import values varied significantly, with a 4.1-fold gap between the high in 2021 and the low in 2019. In 2021, Bhutan imported walnuts worth $1 668, representing a 61.5% increase from the year before. The lowest value was recorded in 2019 at $1 668. The largest drop occurred in 2019, declining by 37.5%, while the most substantial rise was in 2020, climbing by 153.6%.

Annual dynamics of product's imports to Bhutan in value, 2018-2021, $ US