Market research

Walnuts market in Cyprus

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

From 2018 to 2022, the walnut market volume in Cyprus expanded significantly, rising from 430.6 t to 584.2 t. This growth occurred despite a slight contraction to 415.7 t in 2019, with the most pronounced increases taking place after 2020.

The market reached its peak in 2022 but then contracted by approximately 10% to 523.9 t in 2023. Despite this decline, the overall market volume in 2023 remained substantially higher than at the beginning of the period in 2018.

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 Cyprus
  1. 5.1.1. Annual dynamics of production in Cyprus in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Cyprus 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 Cyprus in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Cyprus 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 Cyprus in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Cyprus 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/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Cyprus, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Cyprus by countries, 2018-2024, $ US/kg
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 Cyprus in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Cyprus 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 Cyprus in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Cyprus 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/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Cyprus, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Cyprus by countries, 2018-2024, $ US/kg
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 Cyprus in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Cyprus 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 Cyprus in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Cyprus 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/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Cyprus, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Cyprus by countries, 2018-2024, $ US/kg
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 Cyprus in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Cyprus 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 Cyprus in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Cyprus 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/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Cyprus, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Cyprus by countries, 2018-2024, $ US/kg
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 walnuts in Cyprus

In kind, 2017-2020, t

Top producers of walnuts, 2017-2020

Source: SHEV.io

World map of production of walnuts, 2017-2020

Source: SHEV.io

Cyprus has seen its walnut production volume grow for the second year in a row. In 2020, the country produced 150.0 t of walnuts, marking a 7.1% increase compared to the previous year. Over the period from 2017 to 2020, production rose by 17.2%, with an average annual growth rate of 5.4%. The lowest production level was recorded in 2018 at 120.0 t, which also saw the largest decline of 6.3%. In contrast, 2019 experienced the most significant increase, with production jumping by 16.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(6.3%)	16.7%	7.1%	5.4%

Source: SHEV.io

Exports walnuts from Cyprus

Exports in kind, t

The export market for walnuts from Cyprus showed considerable volatility during these years. In 2019, exports hit their lowest point at just 0.6 t, representing a sharp decline of 94.7%. However, in 2020, exports surged to 18.7 t, a remarkable increase of 3 260.8% year-over-year, marking the highest volume recorded. This created a dramatic 34-fold gap between the low in 2019 and the peak in 2020.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	14.9%	(94.7%)	3 260.8%	27.0%

Source: SHEV.io

From 2017 to 2020, the United Arab Emirates, Greece, and Ukraine were the primary markets for Cyprus's walnut exports in volume terms. The United Arab Emirates accounted for 45.3% of exports, Greece for 26.6%, and Ukraine for 25.8%. Together, these three countries represented 97.7% 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 Cyprus in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

The export market in value terms displayed an unstable trend over this period. In 2019, exports reached their lowest point at 7 K $ US, with a decline of 75.7%. By 2020, exports peaked at 61 K $ US, showing a strong increase of 761.9% compared to the previous year. This resulted in an 8.6-fold difference between the low in 2019 and the high in 2020.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(3.5%)	(75.7%)	761.9%	26.4%

Source: SHEV.io

During 2017–2020, the United Arab Emirates, Greece, and Ukraine were the key destinations for Cyprus's walnut exports in value terms. The United Arab Emirates made up 38.5% of exports, Greece 35.4%, and Ukraine 17.7%. Collectively, these three markets accounted for 91.6% 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 Cyprus in value, 2017-2020

Source: SHEV.io

Imports walnuts to Cyprus

Imports in kind, t

In 2020, Cyprus imported 314.4 t of walnuts, which was 13.8% higher than in 2019. Over the 2017–2020 period, imports grew by 19.6%, with an average annual growth rate of 6.1%. The highest import volume was recorded in 2018 at 321.1 t, accompanied by the largest increase of 22.1%. In 2019, imports saw the most significant decline, dropping by 14.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	22.1%	(14.0%)	13.8%	6.1%

Source: SHEV.io

Between 2017 and 2020, Greece, Chile, and Moldova were the main suppliers of walnuts to Cyprus in volume terms. Greece contributed 31.3% of imports, Chile 26.3%, and Moldova 11.6%. Together, these three countries comprised 69.2% of total import volume.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

In 2020, Cyprus imported walnuts worth 2 076 K $ US, representing a robust rise of 23.3% from the previous year. The lowest import value was recorded in 2019 at 1 683 K $ US, with a decline of 26.1%. The highest value occurred in 2018 at 2 277 K $ US.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	11.7%	(26.1%)	23.3%	0.6%

Source: SHEV.io

Throughout 2017–2020, Greece, Chile, and Germany formed the core of Cyprus's walnut imports in value terms. Greece accounted for 32.4% of imports, Chile for 24.4%, and Germany for 13.0%. In total, these three suppliers represented 69.8% of import flows.

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

Source: SHEV.io

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

Source: SHEV.io